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Bull returns to Vietnam’s stock markets

In Uncategorized on December 16, 2010 at 10:07 am

Vietnam’s benchmark VN-Index jumped to 18-week high on December 13 as invetors rushed to buy on speculation that the rising trend would prolong.

The shares of 271 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange shot up 3.63 percent, or 17.16 points, to close at 490.22 points.

On the benchmark, 234 stocks leaped forward, 16 dropped, while 26 treaded water.

Trading volume slightly fell over the previous trading session. Around 81.97 million shares changed hands at a value of VND1.9 trillion.

Petrovietnam – Idico Long Son Industrial Park Investment Joint Stock Company (PXL) topped the list of most active shares in volume with 4.46 million shares changing hands.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) chased after with 4.06 million shares, followed by Tan Tao Investment Industry Corporation (ITA).

Winners on the city bourse included Mien Trung Petroleum Construction Joint Stock Company (PXM), Construction Joint Stock Copany No 5 (SC5), and Tai Nguyen Corporation (TNT).

Food and cosmetics producer S.P.M Corporation (SPM) slashed 4.69 percent to VND61,000.

Viet Thang Aquafeed Joint Stock Company (VTF) declined for four consecutive days, erasing 4.67 percent to VND14,300.

Ca Mau Frozen Seafood Processing Import Export Corporation (CMX) adjusted 4.52 percent to VND14,800.

Meanwhile, the Hanoi’s HNX-Index rallied 4.61 percent, or 5.37 points, to close at 121.76 points. Around 53.15 million shares changed hands at VND1.07 trillion.

The UPCom-Index also added up by 0.32 points to 41.75 points this morning. A total of 577,200 shares changed hands at a value of VND5.8 billion.

Source: SGGP

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