Tuesday, September 04, 2007

VN-Index, HaSTC-Index bounce back

HCM bourse :

As expected, the market opened the new month with upbeat signs and the majority of stocks reportedly o­n the rise. The market price indicators in HCM and Hanoi market saw significant added points, putting an end to their strings of pullback sessions, which contributed to the lessened interests and patience of local investors in the last “dreadful” month of August.

What happened in the market this morning lived up to investors’ expectations. The electronic board was overwhelmed with green of 96 rising stocks. Those said to lose headed back, earning additional points. In the overall upward trend, stocks of such industries as hi-tech, banking and finance, pharmaceuticals,etc. saw significant rises. Vn-Index closed at 929.85 points, up a sharp 21.48 points, or 2.37% against the session earlier. Heavy trade was witnessed as the number of matched shares reached a high 6.68 million, worth VND 570.34 billion. Investors’ worriness relief, accompanied by positive signals from the world’s market and HSBC reports might act as the engine fuelling market growth.

There were 96 rising stocks, 7 falling stocks and 11 stills. Though price gains were limited, the overwhelming number of rising stocks was instrumental in boosting the market price indicator. IMP and DMC, the two stocks earned the most in the session, gained an additional VND 8,000 and VND 7,000, respectively. Next sharp risers were those of high prices, including KDC, SJS, REE with increases limited to VND 6,000 each. Other stocks of high market prices, including SAM, VNM, FPT, PVD, NKD,DHG,etc. saw increases exceeding VND 2,000 each.

Those stocks previously earned points, namely BMC, TCT and SGH saw falls. BMC suffered VND 8,000 while TCT by VND 15,000.

In terms of trade volume, the majority of stocks were reported to see volume increase, while 3 out of 5 most liquid stocks’ volume namely STB, VF1 and VNM fell.


Hanoi bourse :

Hanoi bourse closed at 256.14 points, up a moderate 3.59 points against the session earllier. The market’s total trade volume amounted to 1,066,000 shares, worth a combined VND 103.6 billion. There were 52 rising stocks, 8 falling stocks and 29 stills.

S99 was back o­n the top advancers list with sharp increases. The stock closed up VND 12,300. Next in the list were ILC, SD7, S64 and SSI with increases ranging from VND 3,700 to VND 4,500. In the reverse trend, VMC, DAE, NTP, STP and SD9 led the top losers list. The stocks’ decreases, however, was restricted to VND 3,900 o­nly. NTP saw falls after string of rising sessions.

Foreign investors increased their trade today. The group traded a total of 250,000 shares, of which 110,000 units were counted for buying volume and the rest 140,000 for selling o­ne. Noticeably, TBC accounted for rougly 135,000 shares of the selling volume.

Source: Infotv

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