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VN-Index resumes rising momentum

In Uncategorized on December 16, 2010 at 10:08 am

VN-Index, a gauge of 271 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, rebounded on December 9 thanked to rising buying demand at the end of the trading session.

The Vietnam’s benchmark jumped 1.68 percent, or 7.62 points, to close at 460.45 points.

Among the index members, 189 leaped forward, 46 retreated, while 41 remained unchanged.

Trading volume on the city bourse fell by 15 percent to nearly 60.6 million shares worth VND1.35 trillion.

Quoc Cuong Gia Lai Joint Stock Company (QCG) topped the list of most active shares in volume with 5.58 million shares changing hands.

Saigon Securities Inc (SSI), the country’s largest brokerage, followed with 3.7 million shares traded, tagged along by Refrigeration Electrical Engineering Corporation (REE) with 2.22 million shares.

Mirae Joint Stock Company (KMR) and Taya Vietnam Electric Wire and Cable Joint Stock Company (TYA) all jumped the daily maximum allowed limit of 5 percent to VND8,400 and VND6,300 respectively.

Ho Chi Minh City Securities Corporation (HCM) snapped its two-day losing streak, climbing up 4.98 percent to VND31,600.

Investment and Trading of Real Estate Joint stock Company (ITC) and Dai Thien Loc Corporation (DTL) both levitated 4.95 percent to VND23,300.

Hamico Group Mineral Joint Stock Company (KSH) edged down for three consecutive days, erasing 4.96 percent to VND36,400.

Viet Thang Aquafeed Joint Stock Company (VTF) gave up 4.91 percent to trade at VND15,500.

Lilama 18 Joint Stock Company (LM8) shed 4.83 percent to VND13,800.

The northern bourse also performed well today as the Hanoi’s HNX-Index augmented 1.48 percent, or 1.63 points, to finish at 112.13 points. Trading volume reached 62.25 million shares worth VND1.16 trillion.

The UPCom-Index slipped 0.12 points to 39.81 points this morning. The market of unlisted shares saw a total of 176,800 shares trading at VND2 billion.

Source: SGGP

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