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VN-Index wraps week in bullish sentiment

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

Vietnam’s benchmark VN-Index rocketed 2.74 percent, climbing to a four-month high on December 10 as investors were in upbeat sentiment.

The shares of 271 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange sprang 2.74 percent, or 12.61 points, to close at 473.06 points.

On the index, 233 stocks gained, 26 shrank, while 17 stalled.

Trading value on the city bourse climbed to the highest level in the past nine months as around 94.1 million shares changed hands at a value VND3.36 trillion.

Saigon Securities Inc. (SSI), the country’s largest brokerage, won the spot of the most active share in volume with 4.61 million shares changing hands.

It was chased by Refrigeration Electrical Engineering Corporation (REE) with 3.4 million shares traded.

Vietnam Export Import Commercial Joint Stock Bank or Eximbank (EIB) came next with 3.31 million shares changing hands.

Biggest winners on the southern market were Lilama 10 Joint Stock Company (L10), Lu Gia Mechanical Electric Joint Stock Company (LGC), Petroleum Equipment Assembly And Metal Structure Joint Stock Company (PXS), Development Investment Construction Joint Stock Corporation (DIG), Vung Tau Real Estate and Construction Joint Stock Company (VRC), and Vincom Joint Stock Company (VIC). They all shot up the daily 5-percent allowed limit.

Techno – Agricultural Supplying Joint Stock Company (TSC) soared 4.97 percent to VND19,000.

The newly listed Petrovietnam – Idico Long Son Industrial Park Investment Joint Stock Company (PXL) declined 4.86 percent to VND13,700.

Vien Dong Pharmaceutical Joint Stock Company (DVD) extended its losing streak to the fifth consecutive day, dropping 4.8 percent to VND39,700.

Anvifish Joint Stock Company (AVF)marched south for four straight days, losing 4.41 percent to VND19,500.

Meanwhile, the Hanoi’s HNX-Index enhanced 3.8 percent, or 4.26 points, to close at 116.39 points. Around 60.2 million shares changed hands at VND1.16 trillion.

The UPCom-Index also rose by 1.01 points to 41.02 points this morning. A total of 430,800 shares changed hands at a value of VND4.28 billion.

Source: SGGP

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