Thursday, August 30, 2007

VN-Index surpasses 900 point benchmark

Modest rises were witnessed in the two bourses this morning. In HCM bourse, VN-Index closed another session surviving the 900 level. The index closed at 903.94 points, up a slight 2.77 points against the session earlier. The market saw roughly 4.83 million shares changing hands, worth a combined VND 426.51 billion. The thing worth noting in the session this morning was HOSE’s electronic board suddenly going black for nearly o­ne hour, which resulted in the reduced trading volume and orders placed by investors.

The number of rising stocks was reportedly around 54, while that of falling and still closed at 28 and 32, respectively. Some bluechips saw initial rebounds. BMC and TCT continued to draw much investors’ attention by their sharp rises and falls. The two stocks were back at the top of the top advancers list, increasing VND 25,000 and VND 17,000 each by the end of the session. Other sharp risers included KDC, HAS and BBC. Others closed at their reference prices, namely NKD, REE, RIC, SAM, STB, TDH, VNM, VSH, etc.

In the reverse direction, decliners saw moderate falls. The two most severely hit by price falls o­n the bourse, ABT and IMP each suffereed VND 4,000. The remaining decliners saw modest falls. 20 out of 28 decliners restricted their falls to VND 1,000 o­nly.

In terms of trade volume, TNC put an end to its string of rising sessions since its bourse debut o­ne week ago. The stock’s volume was reduced sharply to o­ne third that of yesterday, prompting STB to regain its posisition as the most-heavily traded stock. Next active stocks were FPT, VSH and VNM.



Closing the session this morning, HaSTC closed at 251.28 points, up a very slight 0.8 points, or 0.31% against the session earlier. The market saw rougly 747,600 units changing hands, worth a combined VND 68.22 billion. There were 39 rising stocks, 30 falling stocks and 20 stills.

Things barely changed over the course of the last couple of trading sessions. Stocks saw moderate ups and downs, except for S99, the stock of sharp increments. NTP was reportedly the stock o­n highest rise, gaining an additional VND 4,500 to its reference price. Next in the list were SD9, BVS, SD3 and PLC. Of the remaining 34 falling stocks, 24 saw decreases less than VND 1,000 and 10 others in VND 1-2,000 each.

In the reverse direction, the bourse’s new comer, SSS, ebbed VND 3,000 with volume amounting to 1,700 units. Next in the top losers list were STC, MCO, HTP and PSC with decreases ranging from VND 15,000-2,500 each.

In terms of trading volume, 5 stocks of heaviest trade were NTP, ACB, SSI, SD9 and PVI. SSI saw a severe decline in volume, which fell short of 100,000 units. NTP and ACB, o­n the contrary, saw trade exceeding that level. Foreign investors bought in 119,300 shares of different stocks while sold out 100 SSI shares o­nly.

Source: Infotv

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