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VN-Index sinks under selling pressure

In Uncategorized on December 21, 2010 at 9:37 am

Vietnam’s benchmark VN-Index, which tracks 273 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, stumbled on December 20 as investors dumped shares heavily.

The gauge trimmed 1.44 percent, or 7 points, to close at 478.29 points.

Among the index members, 73 advanced, 155 retreated, while 50 remained unchanged.

Trading volume on the city bourse severely dropped over the previous trading session as around 66.94 million shares worth VND1.55 trillion changed hands.

Tan Tao Investment Industry Corporation (ITA) won the position of most active share by volume with 4.85 million shares changing hands.

It was followed by Saigon Securities Inc. (SSI), the country’s largest brokerage, with 4.44 million shares traded.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) came in third with 4.19 million shares.

Seafood Joint Stock Company No4 (TS4) eliminated 4.96 percent to VND23,000.

Petrovietnam – Idico Long Son Industrial Park Investment Joint Stock Company (PXL) resumed losing trend, contracting 4.92 percent to VND11,600.

Construction Joint Stock Company No5 (SC5) tripped 4.89 percent to VND38,900.

Meanwhile, Nam Viet Corporation (ANV), and Phu Nhuan Jewelry Joint Stock Company (PNJ) edged up the daily maximum allowed limit of 5 percent to VND14,700 and VND35,700 respectively.

Vien Dong Pharmaceutical Joint Stock Company (DVD) leaped forward the second day, gaining 4.99 percent to VND40,000.

Sieu Thanh Joint Stock Corporation (ST8) surged 4.98 percent to VND23,200.

The Hanoi’s HNX-Index plunged 2.51 percent, or 3 points, to close at 116.7 points. Trading volume dropped to 47.2 million shares worth VND920.35 billion.

The UPCom-Index slipped by 0.51 points to 40.88 points this morning. A total of 192,164 shares changed hands at a value of VND1.89 billion.

Source: SGGP

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