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VN-Index maintains rising momentum amid market makes correction

In Uncategorized on October 14, 2010 at 6:29 pm

Movements of VN-Index on October 7. (Photo: shares on the Ho Chi Minh Stock Exchange advanced for three consecutive trading sessions on October 7 thanked to support from blue-chip stocks though the Vietnam’s benchmark tended to make correction after robust rallies.

VN-Index, a measure of 261 companies and five mutual funds, added 0.29 percent, or 1.33 points, to close at 462.05 points.

Trading volume on the city bourse faintly slid over the previous session as around 37.34 million shares changed hands at a value of VND983 billion.

Of the index, 58 stocks gained, 163 went down, while 45 stayed the same.

With 1.9 million shares changing hands, PetroVietnam Fertilizer and Chemicals Corporation (DPM) won the spot of most active share in volume.

Vietnam Export Import Commercial Joint Stock Bank (EIB) took the second rank with 1.79 million shares.

Tan Tao Investment Industry Corporation (ITA) tagged along with 1.54 million shares traded.

Bao Viet Holdings (BVH) increased 5 percent to trade at VND63,000 from VND60,000 yesterday.

Tan Binh Import – Export Joint Stock Company (TIX) capped its three-straight-session losing streak, shooting up 4.98 percent to VND48,500.

The Hanoi-based Information and Networking Technology Joint Stock Company (CMT) advanced for three consecutive days, surging 4.95 percent to VND29,700.

Phuc Tien Trade Manufacture Joint Stock Company (PHT) slashed 5.33 percent to VND16,000. The company will pay dividends for the first term of this year in cash at a ratio of 10 percent since November 30.

Ha Tien Transport Joint Stock Company (HTV) dropped 4.91 percent to VND32,900.

Meanwhile, the trading floor in the north made a contrast move as the Hanoi’s HNX-Index slipped 2.22 points, or 1.78 percent, to finish at 122.62 points. Liquidity continued to severely fall as just nearly 23 million shares changed hands at VND538.9 billion.

The UPCoM-Index slightly rose by 0.1 points to 45.58. A total of 388,200 shares were traded at VND8.36 billion.

Source: SGGP

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