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Stocks close week on low note

In Uncategorized on July 2, 2010 at 2:23 pm

Movement of VN-Index on July 2. (Photo: Vietstock.vn)Vietnam’s benchmark VN-Index extended its losing streak for a third straight day on July 2, amid investor caution.

The shares of 244 companies and four mutual funds listed on Ho Chi Minh Stock Exchange slid 0.07 percent, or 0.37 points, to finish at 503.65. Trading value dropped to 15-session low of VND1.09 trillion, approximately 43.2 million shares were traded.


On the city bourse, 123 stocks advanced, 69 declined, while 56 treaded water.


Petrolimex International Trading Joint Stock Company (PIT) lost 9.09 percent to VND20,000 from VND22,000 yesterday.


Hanoi Maritime Holding Company (MHC) ended its four-day gaining streak, reducing 4.72 percent to VND10,100.


Plastic producer Do Thanh Technology Corporation (DTT) traded down 4.29 percent at VND15,600.


From July 5 to September 5, Ngo Minh Hai, deputy general director of Do Thanh Technology Corporation (DTT) registered to sell 5,000 shares to cover family expenses, sending his holdings to 5,419 shares.


Between July 5 and 30, Nguyen Anh Dung, brother of Nguyen Anh Hao – chief executive officer of the company, registered to sell 2,110 shares, reducing his holdings to 5 shares, reorganizing his investment category.


Saigon Thuong Tin Commercial Bank or Sacombank (STB) won the position of most active shares in volume with 1.9 million. 


Thuan Thao Corporation (GTT) followed right behind with 1.84 million shares changing hands, tagged along by Ocean Group Joint Stock Company (OGC), which saw 1.72 million shares traded.


Foreign Trade Development and Investment Corporation of Ho Chi Minh City (FDC) and Meca Vneco Investment and Electricity Construction Joint Stock Company (VES) were the biggest gainers today, adding 5 percent to VND39,900 and VND27,300 respectively.


From July 5 to September 5, Nguyen The Hau, deputy general director of Foreign Trade Development and Investment Corporation of Ho Chi Minh City (FDC), registered to sell 8,000 shares and buy 5,000 shares to restructure his investment category.


Construction and Materials Trading Joint Stock Company (CNT) and Ha Tien Transport Joint Stock Company (HTV) advanced 4.98 percent to VND29,500 and VND21,100 respectively.


Between January 1 and June 20, Tran Minh Huy, chief accountant of Ha Tien Transport Joint Stock Company (HTV) registered to sell 5,000 shares and sold 2,000 shares, decreasing holdings to 3,000 shares, accounting for 0.03 percent of the company’s chartered capital.


In contrast, the smaller bourse in the north performed better and closed week on a bright note as the Hanoi’s HNX-Index gained as much as 0.26 percent, or 0.41 points, to close at 158.39. Liquidity fell sharply to 30.6 million shares, worth VND898.5 billion.


The UPCoM-Index rose 2.64 points to 52.42. Around 1.2 million shares changed hands, at VND23 billion, as of 11:15 am local time.

Source: SGGP

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