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VN-Index maintains upwards momentum as blue-chips rally

In Uncategorized on June 29, 2010 at 8:48 am

Movement of VN-Index on June 29. (Photo: VN-Index, a measure of 242 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange, continued to advance on June 29 as buying demand improved.

The country’s benchmark finished at 510.71 points, gaining 3.43 points, or 0.68 percent. Around 46.6 million shares, worth VND1.26 trillion, changed hands on the city bourse.

112 stocks rose, 93 dropped, and 41 remained unchanged.

Saigon Securities Inc. (SSI) had the most active shares in volume with 1.64 million shares changing hands, followed by PetroVietNam Transportation Corporation (PVT) with 1.35 million shares.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) remained in third place with 1.18 million shares.

On June 23, Toan Thinh Phat Architecture Investment Construction Joint Stock Company bought 4 million shares of Sacombank (STB), increasing its holdings to 5,644,340 shares, accounting for 0.84 percent of the bank’s chartered capital.

Viet Nam Golf Tourism Joint Stock Company (VNG) was the biggest gainer on southern market, advancing the daily maximum allowed limit of 5 percent to VND16,800.

Saigon Telecommunication & Technologies Corporation (SGT) closed up 4.93 percent to VND23,400.

Foreign Trade Development and Investment Corporation of Ho Chi Minh City (FDC) climbed 4.9 percent to VND38,500.

1,429,609 additional shares of Foreign Trade Development and Investment Corporation of Ho Chi Minh City (FDC) officially traded on the city bourse on June 29. These shares were issued to pay dividends to current shareholders, according to the company’s announcement on April 16.

Meanwhile, telecommunication cable producer Viet – Han Corporation (VHG) declined 4.9 percent to VND33,000.

Other decliners included Ca Mau Trading Joint Stock Company (CMV), DIC Investment and Trading Joint Stock Company (DIC), and Son Ha International Corporation (SHI).

Hanoi’s HNX-Index slightly rose 0.18 points, or 0.11 percent, to close at 161.33. Trading volume increased by 20 percent to 44.39 million shares, worth VND1.25 trillion.

In contrast, the UPCoM-Index dropped 0.35 points to 47.4, as of 11:15 am local time. A total of 257,193 shares traded at VND4.1 billion.

Source: SGGP

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