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VN-Index climbs on bullish sentiment

In Uncategorized on November 25, 2010 at 8:20 am

Movements of VN-Index on November 25. (Photo:’s benchmark VN-Index extended its winning streak to three consecutive days on November 25 as investors regained confidence.

The gauge of 270 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange jumped 1.24 percent, or 5.37 points, to close at 439.85 points.

On the measure, 213 stocks gained, 32 decreased, while 30 remained unchanged.

Trading volume on the city bourse improved by 10 percent as around 34.2 million shares changed hands at a value of VND691.2 billion, the highest level in the past five trading sessions.

Saigon Securities Inc. (SSI), the country’s largest brokerage, won the position of most active share in volume with 1.28 million shares changing hands.

It was followed by Transport Engineering Construction & Business Investment Stock Company 584 (NTB) with 1.22 million shares.

Investment and Trading of Real Estate Joint stock Company (ITC) came next with 1.09 million shares traded.

Hoa Sen Group (HSG) and Sao Vang Rubber Joint Stock Company (SRC) both leaped the daily maximum allowed limit of 5 percent to VND16,800, and VND18,900 respectively.

Vietnam Mechanization Electrification & Construction Joint Stock Company (MCG) and Transport Engineering Construction & Business Investment Stock Company 584 (NTB) both surged 4.96 percent to trade at VND14,800.

Mien Trung Petroleum Construction Joint Stock Company (PXM) gained 4.95 percent to VND10,600.

The newly listed Anvifish Joint Stock Company (AVF) slashed 5 percent to VND24,700 to become the biggest loser on the city bourse today.

Cuu Long Pharmaceutical Joint Stock Corporation (DCL) declined the second day, eroding 4.85 percent to trade at VND31,400.

Tan Binh Import – Export Joint Stock Company (TIX) curbed its winning momentum, dropping 4.84 percent to VND41,300.

Meanwhile, the northern bourse exceeded 100 as the Hanoi-based HNX-Index soared 3.08 percent, or 3.05 points, to finish at 102.07 points. Liquidity on the trading floor climbed to the highest level since the beginning of last week. Around 40.6 million shares were traded at nearly VND672.73 billion.

The UPCoM-Index of the unlisted shares market slightly restored 0.49 points to 40.84 points. A total of 140,000 shares changed hands at VND1.47 billion as of 11:10 am local time.

Source: SGGP

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