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VN-Index closes near 550

In Uncategorized on May 5, 2010 at 8:52 am

The Vietnam’s benchmark VN-Index advanced on May 4 as the long holidays failed to interrupt upwards momentum on the country’s stock markets.

VN-Index, which tracks 226 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange, gained 1.24 percent, or 6.75 points, to finish at 549.12 points. Liquidity on the city bourse was extremely high as trading volume topped a seven month high with more than 89.16 million shares, worth VND3.1 trillion, being traded.

Among the index members, 159 rose, 42 fell, and 29 remained unchanged.

Big gainers included Gia Lai Cane Sugar Thermoelectricity Joint Stock Company (SEC), DIC Investment and Trading Joint Stock Company (DIC), Do Thanh Technology Corporation (DTT), and Ha Noi P&T Construction & Installation Joint Stock Company (HAS). They all rose by the daily maximum allowed limit of 5 percent.

From May 4 to July 4, Cap Thanh Long, brother of Cap Thanh Dung, deputy director of Gia Lai Cane Sugar Thermoelectricity JSC, registered to sell 50,000 shares, sending his holdings to 33,000 shares.

Domesco Medical Import Export Joint Stock Corporation (DMC) added up 4.99 percent to trade at VND48,400.

The Hanoi-based construction company Ocean Group JSC (OGC) won the position of the most active stock in volume with more than 8 million shares, followed by Saigon Commercial Bank or Sacombank (STB) with 7.55 million shares. Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) came next with 3.92 million shares.

H.A.I Joint Stock Company (HAI) lost the daily maximum allowed 5 percent limit to trade at VND39,900 from VND42,000.

Royal International Corporation (RIC) fell by 4.86 percent to VND33,300. The company’s shareholders meeting on April 17 approved this year business plan to achieve total revenue of VND319.35 billion, and net profit of VND79.424 billion.

Vinpearlland Tourism Joint Stock Company (VPL) slid 4.63 percent to VND51,500.

The Hanoi’s HNX-Index finished at 184.31 points, gaining 4.62 points, or 2.57 percent. Trading volume reached 44.5 million shares, worth VND1.64 trillion.

The UPCoM-Index rose 1.44 points to 48.51. A total of 216,623 shares changed hands at VND3 billion.

Source: SGGP

Stock market hovers around 550 points

In Vietnam Stock Market on September 11, 2009 at 7:41 am

The Ho Chi Minh Stock Exchange remained unchanged on Thursday as investors are waiting for further falls in the market before jumping in.

The VN-Index, a measure of 170 companies on the Ho Chi Minh Stock Exchange, rose 0.8 percent, to close at 540.19 points. Of the index members, 72 stocks advanced, 75 dropped, and 23 were unchanged.

“Investors are cautious to the market’s moves, which have remained unclear recently,” Cat Tri, an analyst from a stock market newswire in Ho Chi Minh City, told Saigon Giai Phong Daily. “They bought a little when the market dropped, but they were also willing to sell as the market rallied. I expect the VN-Index to hover around 550 points this month.”

Vietnam Petroleum Transport Joint-Stock Co. (VIP), an oil tanker and barge operator also known as Vipco, rose by the daily five percent limit to a three-week high of VND19,000.

Vipco’s pretax profits in the January-to-August period rose 6.5 percent from the same period last year, to VND80.5 billion (US$4.5 million), the company, based in northern port city of  Haiphong, said in a statement on the exchange’s website. Vipco’s pretax profits in the first eight months were 91 percent of the full-year forecast, according to the statement.

Vinh Son-Song Hinh Hydropower Joint-Stock Co. (VSH), Vietnam’s second-biggest listed electricity producer, fell 3.4 percent, to VND40,000. The power company plans to sell additional shares and bonds to raise money for a VND5.74 trillion ($322 million) hydro-power plant in the Central Highlands province of Kon Tum, Vinh Son-Song Hinh said on its website.

The company, based in the south-central coastal city of Quy Nhon, did not give any other details on the value or timeframe of the sale in the statement.

Binh Chanh Construction Investment Shareholding Co. (BCI) inched up 0.86 percent to close at VND58,500. The property developer announced on the bourse’s website that Pham Huynh Phuong Trang, daughter of supervisory board member Pham Minh Duc, sold 140,000 shares to cut her stake to 23,700 on September 4.

At the smaller bourse in Hanoi, the HNX-Index also edged up slightly 0.32 points, 0.19 percent, to finish at 167.34 points.

The UPCoM-Index of the unlisted stock moved up marginally 0.03 percent to 62.42 points as of 11am.

Source: SGGP