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Banking stocks support markets’ recovery

In Uncategorized on December 16, 2010 at 10:06 am

Vietnam’s benchmark VN-Index rebounded on December 15 as banking shares once again buoyed stocks on the Ho Chi Minh Stock Exchange.

The gauge of 271 companies and five mutual funds restored 0.78 percent, or 3.82 points, to close at 493.47 points.

On the benchmark, 77 stocks advanced, 146 fell, while 53 were unchanged.

Trading volume on the city bourse remained on high level. Around 95.68 million shares changed hands at a value of VND2.18 trillion.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) became the most active share on the benchmark with 9.16 million shares changing hands, followed by Tan Tao Investment Industry Corporation (ITA) with 6.06 million shares.

Saigon Securities Inc. (SSI), the country’s largest brokerage, came next with 5.39 million shares traded.

Vinafco Joint Stock Corporation (VFC) increased for five consecutive days, gaining 4.97 percent to VND19,000.

Viet Nam Joint Stock Commercial Bank for Industry and Trade or Vietinbank (CTG) surged for the fourth straight day, emerging 4.95 percent to VND21,200.

Hanoi-based technology company CMC Corporation (CMG) revived 4.92 percent to trade at VND19,200.

Tay Bac Minerals Investment Joint Stock Company (KTB), Saigon Beverages Joint Stock Company (TRI), and Viet – Han Corporation (VHG) all plunged the daily maximum allowed limit of 5 percent to VND24,700, VND5,700, and VND17,100 respectively.

Vien Dong Investment Development Trading Corporation (VID) sank the second day, losing  4.96 percent to VND11,500.

Vimedimex Medi – Pharma Joint Stock Company (VMD) eroded 4.92 percent to VND30,900.

The smaller bourse on the north also performed well as the Hanoi’s HNX-Index climbed 0.83 percent, or 0.99 points, to close at 120.6 points. Trading volume sharply dropped over the previous trading session as just nearly 79 million shares changed hands at VND1.55 trillion.

Meanwhile, the UPCom-Index also added up by 0.19 points to 42.19 points this morning. A total of 216,534 shares changed hands at a value of VND2.9 billion.

Source: SGGP

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