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VN-Index makes correction

In Uncategorized on October 14, 2010 at 6:28 pm

Movements of VN-Index on October 8. (Photo:’s benchmark VN-Index ended its winning streak on October 8 while poor demand caused liquidity on the market to fall to the lowest level in more than one month.

The shares of 261 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange sank 0.6 percent, or 2.79, to wrap week at 459.26 points.

Trading volume plunged to 30.5 million shares worth VND780 billion, a decrease of 21 percent over the previous day.

On the index, 48 stocks advanced, 162 declined, while 56 were unchanged.

PetroVietnam Fertilizer and Chemicals Corporation (DPM) topped the list of most active shares in volume with 1.51 million shares changing hands.

Sugar producer Société De Bourbon Tay Ninh (SBT) followed with 1.45 million shares traded.

AgriBank Securities Joint Stock Coporation (AGR) came in third with 1.04 million shares.

Vietnam Export Import Commercial Joint Stock Bank (EIB) tumbled the second day, cutting 16.29 percent to VND14,900. The company will issue bonus shares to its current shareholders at a ration of 20 percent. Its post-tax profits in the first six months of this year reached VND822.88 billion, up 15 percent year-on-year.

Binh Thuan Hamico Mineral Joint Stock Company (KSA) and Tay Bac Minerals Investment Joint Stock Company (KTB) both shed 5 percent to VND49,400, and VND36,100 repsectively.

Techno – Agricultural Supplying Joint Stock Company (TSC) contracted 4.97 percent to VND17,200.

Binh Dinh Minerals Company (BMC) built up 4.95 percent to VND 31,800.

Sacombank Securities Joint Stock Company (SBS) swelled 4.94 percent to trade at VND25,500.

Hapaco Group Joint Stock Company (HAP) traded at VND15,700, climbing 4.67 percent from the previous day.

The Hanoi’s HNX-Index pruned 0.93 points, or 0.76 percent, to finish at 121.69. Trading volume slightly rose over the previous day as around 24.1 million shares changed hands at VND577.9 billion.

The UPCoM-Index went down 0.46 points to 45.05 as of 11:15 am local time. A total of 190,000 shares were traded at a value of VND3.18 billion.

Source: SGGP

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