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VN-Index surpasses 500 as liquidity improves

In Uncategorized on March 24, 2010 at 6:25 am

Vietnam’s VN-Index, a measure of 208 companies and four mutual funds on the Ho Chi Minh Stock Exchange, rose by 1.68 percent on February 4 as investors’ confidence rose, backed by a rally on Asia’s stock markets.

The benchmark added 8.35 points to finish at 503.83. Of the index, 151 stocks gained, 20 declined, and 41 were unchanged. The total trading volume was at more than 36.9 million shares, worth more than VND1.8 trillion.

The leading gainer was seafood producer Godaco Seafood Joint Stock Company (AGD), which rose by the maximum allowed 5 percent to VND27,300. Sai Gon Garment Manufacturing Trade Joint Stock Company (GMC) followed with an increase of 4.94 percent to VND25,500.

Refrigeration Electrical Engineering Corporation (REE) was the most active share in volume with more than 1.66 million shares. The electronics maker surged by 4.81 percent to VND45,800.

It was followed by Saigon Securities Inc. (SSI), which saw 1.5 million shares traded. Vietnam’s largest brokerage added 3.57 percent to close at VND87,000.

At the smaller bourse in Hanoi, the HaSTC-Index closed higher at 2.77, or 1.71 percent, at 164.69.

One hundred eighty-two shares rose, 47 fell, and 23 remained unchanged. More than 16.88 million shares were traded, worth VND552.4 billion.

The UPCoM-Index fell slightly by 0.01 points, to 52.23. A total of 35,810 shares worth VND401.97 million were traded.

Source: SGGP Bookmark & Share

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