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VN-Index struggles to surpass 480

In Uncategorized on January 8, 2011 at 4:27 am

Vietnam’s benchmark VN-Index unexpectedly rebounded, successfully escaped from losing trend on December 30 due to buying demand of foreign investors.

The measure of 275 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange recovered 0.55 percent, or 2.65 points, to finish at 481.4 points.

Among the index members, there were 88 winners, 121 losers, while 71 remained unchanged.

Around 57.06 million shares changed hands at a value of VND1.48 trillion on the city bourse this morning.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) won the spot of most active share in volume with 3.28 million shares changing hands.

Saigon Securities Inc. (SSI), the country largest brokerage, chased after with 1.54 million shares.

Refrigeration Electrical Engineering Corporation (REE) followed with 1.38 million shares.

Hamico Group Mineral Joint Stock Company (KSH), which levitated 4.99 percent to VND37,900, led the list of winners on the southern trading floor.

Phuc Tien Trade Manufacture Joint Stock Company (PHT) shot up 4.93 percent to VND14,900.

Hoang Quan Consulting – Trading – Service Real Estate Corporation (HQC) advanced 4.88 percent to VND38,700.

Vimedimex Medi – Pharma Joint Stock Company (VMD) shrank 4.97 percent to VND28,700.

IDICO Infrastructure Development Investment Joint Stock Company (HTI) extended it losing streak to eight consecutive sessions, erasing 4.96 percent to VND13,400.

Bao Minh Insurance Corporation (BMI) contracted 4.94 percent to VND15,400.

The smaller bourse in the north made a contrast move as the Hanoi’s HNX-Index slid 1.64 percent, or 0.29 points, to close at 112.64 points. Trading volume dropped over the previous session, sinking to 40.9 million shares worth VND833.4 billion.

Meanwhile, the UPCom-Index rose 0.08 points to 44.98 points this morning. A total of 140,000 shares changed hands at a value of VND1.69 billion.

Source: SGGP

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