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VN-Index retreats due to profit-taking

In Uncategorized on December 16, 2010 at 10:09 am

Vietnam’s benchmark VN-Index, a measure of 270 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, snapped its three-day winning streak on December 7 under profit-taking pressure.

The gauge slumped 1.03 percent, or 4.8 points, to close at 460.76 points.


Of the index members, 46 advanced, 195 declined, while 34 were unchanged.


Trading volume on the city bourse slightly dropped over the previous day. Around 85.02 million shares changed hands at a value of VND1.98 trillion, a decrease of 12 percent in volume and 17 percent in value.


Saigon Securities Inc. (SSI) continued to win the position of most active share in volume with 6.08 million shares changing hands.


Investment and Trading of Real Estate Joint Stock Company (ITC) followed with 4.94 million shares.


LICOGI 16 Joint Stock Company (LCG) came next with 3.09 million shares traded.


Dam Sen Water Park Corporation (DSN) curbed its five-day rising streak, slashing 9.64 percent to VND25,300.


Other losers in the southern trading floor included An Phu Irradiation Joint – Stock Company (APC), Ba Ria Thermal Power Joint Stock Company (BTP), and Petro Capital & Infrastructure Investment Joint Stock Company (PTL).


TMT Automobile Joint Stock Company (TMT) went up for the third day, gaining 5 percent to trade at VND16,800.


Rangdong Light Source and Vacuum Flask Joint Stock Company (RAL) extended gains for four straight days, edging up 4.98 percent to VND23,200.


Viet Thang Aquafeed Joint Stock Company (VTF) surged 4.91 percent to VND17,100.


The smaller bourse in the north also finished in read as the Hanoi’s HNX-Index tumbled 2.46 percent, or 2.88 points, to 114.19 points. Around 80.8 million traded at VND1.6 trillion.


The UPCom-Index dipped 1.09 points to 40.68 points this morning. A total of 420,000 shares changed hands at a value of VND4.4 billion as of 11:15 am local time.

Source: SGGP

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