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Posts Tagged ‘markets’

Stock markets head south again

In Uncategorized on August 17, 2010 at 3:23 pm

Movements of VN-Index on August 17. (Photo: vietstock.vn)Vietnam’s benchmark VN-Index lost ground on August 17 after jumping 2.66 percent the previous day as investors were wary over bad news came out of Asian stock markets.

The shares of 253 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange shrank 0.27 percent, or 1.24 points, to finish at 463.52 points.


Among the index members, 53 stocks advanced, 162 retreated, while 43 remained unchanged.


Trading volume decreased by VND200 billion over the previous trading session to VND1.06 trillion as just 36.69 million shares changed hands.


Saigon Thuong Tin Commercial Bank or Sacombank (STB) topped the list of most active shares by volume with 1.49 million shares changing hands.


Vinh Son – Song Hinh Hydropower Joint Stock Company (VSH) ranked second with 1.38 million shares, followed by Ha Tien Transport Joint Stock Company (HTV) with 1.15 million shares.


From July 23 to 30, Tran Minh Huy, chief accountant of Ha Tien Transport Joint Stock Company (HTV) sold all 3,000 shares to pay tuition fees for his children.


From July 6 to 30, Nguyen Tuan Anh, director of HTV sold all 5,000 shares for personal needs.


Urban Development and Construction Corporation (UDC) declined 4.95 percent to VND17,300.


Lu Gia Mechanical Electric Joint Stock Company (LGC) lost 4.91 percent to VND27,100.


Stationery producer Thien Long Group Corporation (TLG) gave up 4.85 percent to VND29,400.


The Ho Chi Minh Stock Exchange announced that stocks of Interfood Shareholding Company (IFS) would be suspended from trading on the city bourse since August 17 as the company has been running at a loss for two consecutive years. The company lost more than VND260 billion in 2008, and VND27.7 billion in 2009.


From August 13 to October 13, Pang Tee Chiang, chairman of Interfood Shareholding Company (IFS), registered to buy 221,520 shares, increasing his holdings to 6,921,549 shares, of which 5,499,840 shares were unlisted.


Meanwhile, Ha Tien 1 Cement Joint Stock Company (HT1), Lilama 10 Joint Stock Company (L10), and South Logistics Joint Stock Company (STG) all shot up the daily maximum allowed limit of 5 percent to VND12,600, VND37,800, and VND37,800 respectively.


In the north, Hanoi-based HNX-Index slipped 3.92 points, or 2.8 percent, to 136.19 points. Trading volume fell by 15 percent over the previous session to just above 29 million shares, worth VND729.86 billion.


The UPCoM-Index slid 1.45 points to 49.13. A total of 224,200 shares were traded at VND3.94 billion as of lunchtime.

Source: SGGP

Bull comes back to Vietnam’s stock markets

In Uncategorized on August 13, 2010 at 11:23 am

Movements of VN-Index on August 13. (Photo: vietstock.vn)The shares of 253 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange rebounded on August 13, thanks to rising bottom-catching demand after the Vietnam’s benchmark VN-Index sank to 440 points.

The gauge climbed 4.33 points, or 0.97 percent, to close at 452.73 points. Trading volume on the city bourse slightly fell over the previous session to nearly 46 million shares. However, trading value increased to VND1.34 trillion as the prices improved.


Of the index, 141 stocks jumped, 55 dropped, while 62 treaded water.


The order of three most active shares in volume was same as the previous day. Of which, Refrigeration Electrical Engineering Corporation (REE) took the first rank with 1.61 million shares changing hands.


It was followed by Saigon Thuong Tin Commercial Bank or Sacombank (STB), which had 1.49 million shares traded today.


From June 18 to July 27, Dragon Financial Holdings Limited, inside shareholder of Saigon Thuong Tin Commercial Bank or Sacombank (STB), registered to sell 15 million shares to restructure its investment category. However, it sold only 13.28 million shares because the prices were not as expected. Its current holdings were at 44,767,554 shares, accounting for 6.68 percent of STB’s chartered capital.


The country’s largest brokerage Saigon Securities Inc. (SSI) chased after with 1.39 million shares.


Viet Nam Golf Tourism Joint Stock Company (VNG) was the biggest gainer, advancing the daily maximum allowed limit of 5 percent to VND16,800.


From July 20 to August 15, Nguyen Minh Hai, member of the Board of Supervisors of Viet Nam Golf Tourism Joint Stock Company (VNG) sold 5,000 shares, reducing his holdings to 5,000 shares, for personal needs.


Pomina Steel Corporation (POM) capped its six-consecutive-trading-session losing streak, adding up 4.98 percent to VND31,600.


Binh Duong Trade and Development Joint Stock Company (TDC) edged up the first time in seven trading sessions. The company’s shares traded up 4.97 percent to VND33,800.


Meanwhile, construction company De Tam Joint Stock Company (DTA) collapsed 5 percent to VND22,800.


Dinh Vu Port Investment & Development Joint Stock Company (DVP) and Lilama 10 Joint Stock Company (L10) both gave up 4.99 percent to VND34,300.


Tran Van Tien, deputy general director of Lilama 10 Joint Stock Company (L10), registered to sell 27,000 shares between August 12 and October 12, sending his holdings to 112 shares, for personal needs.


Cuong Thuan Investment Corporation (CTI) sank 4.94 percent to VND40,400. The company announced that it would use the domain name cuongthuan.vn instead of cuongthuan.com.


The Hanoi’s HNX-Index finished at 134.97 points, rising 2.94 points, or 2.23 percent. The northern market saw 39 million shares change hands at VND963.41 billion.


The UPCoM-Index rose 0.87 points to 48.98. A total of 385,281 shares, worth VND6.41 billion, changed hands as of 11 am local time.

Source: SGGP

Markets nose-dive as investors dump holdings

In Uncategorized on August 4, 2010 at 11:21 am

Movements of VN-Index on August 4. (Photo: vietstock.vn)VN-Index experienced the steepest loss in the past four trading sessions on August 4 as investors dumped shares to lock in profits following small gains made the previous day.

The Vietnam’s benchmark tumbled 1.06 percent, or 5.19 points, to finish at 486.71.


Among the index members, 43 stocks gained, 172 dropped, while 40 were unmoved.


Trading volume was at 41.5 million shares, worth VND1.2 trillion, as investors lacked the confidence to disburse.


Foreign investors were still drawn by blue-chips. They mostly bought stocks of BVH, CII, FPT, HAG, HPG, KBC and MPC.


Thanh Cong Textile Garment Investment Trading Joint Stock Company (TCM) won the position of most active stock by volume for the third consecutive day, with 1.31 million shares changing hands. The company announced on July 29 that it had signed a contract with the Singaporean company E-land Asia Holdings Pte., Ltd, one of its major shareholders, to borrow US$1 million to cover expenses involving the Thanh Cong Tower 1 project.


It was followed by Vinafco Joint Stock Corporation (VFC), which advanced 4.94 percent to VND17,000, with 1.1 million shares being traded.


From July 22 to 29, Vietnam Investments Fund I, L.P, a major shareholder of Vinafco Joint Stock Corporation (VFC), sold 400,000 shares to restructure its investment category, reducing its holdings at VFC to 1,379,016 shares.


DIC Investment and Trading Joint Stock Company (DIC) came in third, with more than 996,000 shares.


Big losers on the city bourse included PetroVietnam Finance Joint Stock Corporation (PVF), Saigon Telecommunication & Technologies Corporation (SGT), Son Ha International Corporation (SHI) and DESCON Construction Corporation (DCC). They all eroded the daily maximum allowed limit of 5 percent.


Alphanam Joint Stock Company (ALP) increased by 4.93 percent to VND21,300, from VND20,300 yesterday.


Vietnam Golf Tourism Joint Stock Company (VNG) added up 4.79 percent to VND17,500. Ho Chi Minh City branch of PetroVietnam Finance Joint Stock Corporation (PVF), a major shareholder of VNG, registered to sell 2,285,100 shares between July 29 and October 29, to restructure its investment category and liquidate investment trust contracts. Its current holdings were at 2,295,100 shares, accounting for 17.65 percent of VNG’s registered capital.


Viet Nhat Seafood Corporation (VNH) traded at VND18,200, up 4.6 percent from yesterday.


Hanoi-based HNX-Index also plunged 1.74 percent, or 2.62 points, to 147.86. Around 31.2 million shares changed hands, valued at VND814 billion.


The UPCoM-Index also lost 1.72 points to 49.94. A total of 280,000 shares were traded at VND5.4 billion as of 11 am local time.

Source: SGGP

Markets await new signals

In Uncategorized on August 2, 2010 at 11:22 am

Vietnam’s stock markets still have not established positive momentum, as most blue-chip stocks slumped on August 2, while penny-chips were not strong enough to help markets to open week on an upward trend.

VN-Index, a measure of 251 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange, erased previous gains, declining 0.47 percent, or 2.3 points, to close at 491.61.


On the index, 61 stocks advanced, 142 dropped, while 52 stalled.


Trading volume was fairly thin as investors did not feel safe. Around 37.3 million shares were traded at a value of VND1.12 trillion. Of which, foreign investors bought shares of PetroVietnam Fertilizer and Chemicals Corporation (DPM), PetroVietNam Transportation Corporation (PVT), and Sacom Development and Investment Corporation (SAM) heavily.


Stocks have retreated to low price levels for a long time now; however, a small number of investors have been attracted.


Thanh Cong Textile Garment Investment Trading Joint Stock Company (TCM) was the most active share in volume with 2.51 million shares changing hands.


DIC Investment and Trading Joint Stock Company (DIC) came next with 1.59 million shares, followed by Vietnam Electricity Construction Joint Stock Corporation (VNE) with 1.48 million shares.


Gia Lai Cane Sugar Thermoelectricity Joint Stock Company (SEC) and Techno – Agricultural Supplying Joint Stock Company (TSC) both gave up the daily maximum allowed limit of 5 percent, falling to VND28,500 and VND22,800 respectively.


From August 2 to October 2, Nguyen Van Lung, member of the Board of Directors of Gia Lai Cane Sugar Thermoelectricity Joint Stock Company (SEC), registered to sell 20,000 shares, cutting his holdings to 20,000 shares, for family’s expenses.


Seafood producer Basa Joint Stock Company (BAS) slipped 4.96 percent to VND11,500.


Hanoi-based TMT Automobile Joint Stock Company (TMT) and Viet – Han Corporation (VHG) surged 5 percent to VND27,300 and VND25,200 respectively.


Seafood producer Vinh Hoan Corporation (VHC), located in the Mekong delta province of Dong Thap, added up 4.92 percent to VND40,500.


As several stocks tumbled on the northern market, the Hanoi’s HNX-Index ended its streak of two straight gaining sessions, adjusting 1.95 points, or 1.27 percent, to 151.38. Liquidity sharply dropped, as just 25.8 million changed hands, at nearly VND800 billion.


The UPCoM-Index slid 0.08 points to 52.5. There were around 290,000 shares being traded, worth VND4.18 billion on the trading floor of unlisted shares, as of 11 am local time.

Source: SGGP

Markets to issue verdict on stress tests

In Uncategorized on July 25, 2010 at 11:17 am

 European bank stress tests will themselves be tested on Monday when investors return to markets in Europe and Asia with a verdict on an unprecedented bid to restore confidence in the EU banking sector.


Market reaction will be crucial to determine whether tests on the health of 91 EU banks, published on Friday, have dispelled suspicions that hidden problems and incorrectly priced risks lurk in their balance sheets.


The unprecdented decision to publish detailed results of the tests follows the global financial meltdown and the crisis in Europe in the last six months, compounded by doubt about the solvency of some banks.


The tests imagine a level of crisis arising from economic downturn, a stock market collapse or a government debt crisis, testing each bank and the system against the given level of distress.

File photo shows people standing outside the headquarters of Hypo Real Estate bank in Munich, Germany.

The results found that only seven banks, five in Spain and one each in Germany and Greece, were unprepared to absorb a new financial crisis.


But analysts were instantly dismissive of the tests, saying the bar was too low to assess the capacity of European banks — many of which hold bonds issued by debt-riddled governments — to overcome fresh financial pressures.


European bank regulators took the unprecedented step of making the results public, although they delayed the release until after stock markets had closed in Europe.


On Wall Street, however, where trading was still going on, analysts said investors were in general relieved by the findings. The Dow Jones Industrial Average ended the day on Friday with a gain of 0.99 percent.


Investors in Asia and later in Europe will have their say on Monday.


“The market reaction is likely to be one of some disappointment,” said Marco Annunziata, chief economist at UniCredit Group.


He said the overall capital shortfall uncovered by the tests on the 91 banks, 3.5 billion euros (4.5 billion dollars), “is so small, and so out of line with prevailing market expectations, that it will be regarded with some scepticism.”


He described the testing exercise as a first step toward transparency “but insufficient to bring about … rapid and major improvement in confidence in the European banking system.”


The underlying worry is that if banks in general become nervous that their neighbours have potentially dangerous weaknesses, they could become increasingly reluctant to do business with each other.


They would also park funds in safe places, rather than lend normally, in case a link in the banking system becomes insolvent, sparking a domino effect and causing the interbank market to dry up.


Suspicions about about the strength of banks have lingered since the end of last year and well up whenever there is talk of economic recovery faltering.


This lack of confidence became acute three months ago when the Greek debt crisis showed signs of engulfing Spain, Portugal or Ireland.


One concern was that governments with weaker economies — having worsened their own deficits and debt by rescuing some banks — faced a risk that banks might then not want to buy their debt bonds.


Normally, banks hold and buy large quantities of sovereign bonds, considered low risk, easily convertible into cash and therefore representing a matching factor of top quality so-called Tier One capital that banks need to stay solvent.

But the problem became so acute that the European Central Bank broke a golden rule and stood by to buy government bonds from banks that needed funds but had difficulty in borrowing on the markets in the normal way.

The ECB was in effect both supporting the balance sheets of some banks, and also indirectly supporting the government bond market and therefore the ability of governments to fund overspending.

The effect could be to overstrain the balance sheets of the banks as well as increase problems for governments selling bonds.

This explains why one of the test criteria was whether banks could survive the shock of a sudden fall in the price of government bonds.

But the stress tests did not involve the scenario of a eurozone country becoming insolvent and its bonds becoming almost worthless — a fear in recent months given that Greek bonds are now rated in a less than investment phase.

“The prospect of an outright sovereign default, which is what has worried markets most, has not even been considered,” said Jennifer McKeown, senior European economist at Capital Economics.

The stress tests are a legacy of the global financial meltdown that erupted in late 2008 following the failure of US investment bank Lehman Brothers, a victim of the subprime mortgage crisis.

The chain reaction unleashed by that meant government around the world had to bail out banks to the tune of tens of billions of dollars, underwriting the banks’ debts by borrowing extensively themselves — through issuing bonds.

A measure of the exercise’s success should become apparent in the movement of two key interbank interest rates — the Libor rate for dollars and the euro-based Euribor rate — in the next few days.

Source: SGGP

Bear returns to Vietnam’s stock markets

In Uncategorized on July 22, 2010 at 7:16 am

Movements of VN-Index on July 22. (Photo: vietstock.vn)Stocks on the Ho Chi Minh Stock Exchange fell the third day July 22, as global markets tumbled after Federal Reserve Chairman Ben S. Bernanke said the U.S. economic outlook remains “unusually uncertain.”

The VN-Index, which tracks 247 companies and four mutual funds, slumped 1.01 percent, or 5.12 points, to finish at 500.28.


On the index, only 26 stocks advanced, 183 dropped, and 42 remained unmoved.


Trading volume on the market remained above 50 million shares, approximately VND1.46 trillion.


Pomina Steel Corporation (POM) declined 11.24 percent to VND37,900. The company will pay 2009 dividends in cash, with a ratio of 5 percent, on August 13, and by shares with a 15 percent ratio. It will issue 24.45 million additional shares, worth VND244.5 billion, increasing its chartered capital to more than VND1.87 trillion from VND1.63 trillion.


Techno – Agricultural Supplying Joint Stock Company (TSC), located in the Mekong delta city of Can Tho, lost 5 percent to VND26,600.


From July 22 to September 22, Pham Van Hung, brother of Pham Van Tuan – chairman of Techno – Agricultural Supplying Joint Stock Company (TSC), registered to buy 10,000 shares and sell 11,000 shares, sending his holdings to 5 shares, to balance his finances.


Dat Xanh Real Estate Service & Constructions Corporation (DXG) slipped 4.99 percent to VND40,000.


Vietnam Electricity Construction Joint Stock Corporation (VNE), which saw 2.36 million shares change hands, was the most active share in volume today.


Ocean Group Joint Stock Company (OGC) followed with 2.12 million shares.


Saigon Thuong Tin Commercial Bank or Sacombank (STB) came in third with 1.87 million shares.


Among the few gainers, Ho Chi Minh City Metal Corporation (HMC) climbed for the second day, closing up 4.95 percent to VND23,300.


Between June 14 and July 7, Pham Thi Lien, deputy general director of Ho Chi Minh City Metal Corporation (HMC) sold 107,500 shares, reducing her assets to 7,000 shares, accounting for 0.03 percent of the company’s chartered capital, for personal needs.


Foreign Trade Development and Investment Corporation of Ho Chi Minh City (FDC) surged 4.86 percent to VND47,500.


Ha Tien Transport Joint Stock Company (HTV) prolonged its winning streak for the sixth consecutive day, adding 4.76 percent to VND28,600.


HNX-Index closed on a low note for the fourth straight day, eroding 1.29 points, or 0.81 percent, to 157.68. Liquidity fell sharply, to 37.93 million shares, worth VND1.1 trillion.


The UPCoM-Index also lost 1.33 points this morning. A total of 490,270 shares were traded, at VND9.62 billion, as of 11 am local time.

Source: SGGP

Vietnam’s stock markets continue marching south

In Uncategorized on July 21, 2010 at 3:25 pm

Movements of VN-Index on July 21. (Photo: vietstock.vn)Vietnam’s benchmark VN-Index on July 21 continued to make corrections, despite a rally on international stock markets and positive macroeconomic news.

The shares of 247 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange retreated 0.23 percent, or 1.16 points, to close at 505.4 points. The index slid as most blue-chips dropped, while investors sold penny-chips heavily to book profits.


82 stocks gained, 125 declined and 44 remained unchanged.


Liquidity on the southern market significantly improved, as around 50 million shares changed hands, at a value of VND1.47 trillion.


Vinh Son – Song Hinh Hydropower Joint Stock Company (VSH) topped the list of most active shares by volume with 1.75 million shares changing hands.


Vien Dong Investment Development Trading Corporation (VID) tagged along with 1.7 million shares, followed by Sao Mai Construction Corporation (ASM) with 1.52 million shares.


Nari Hamico Minerals Joint Stock Company (KSS) slumped 37.62 percent, falling to VND39,300. The company will sell 12.39 million shares to increase its chartered capital to VND241.9 billion, of which 11.8 million shares will be sold to current shareholders at a price of VND12,000 per share. The rest will be sold to its employees at a 1:1 ratio.


Chuong Duong Beverages Joint Stock Company (SCD) closed down 5 percent to VND30,400.


Lilama 10 Joint Stock Company (L10) sank 4.91 percent to VND38,700.


Ha Tien Transport Joint Stock Company (HTV) and My Chau Printing & Packaging Holding Company (MCP) advanced 5 percent to VND27,300 and VND14,700 respectively.


From July 23 to September 23, Tran Minh Huy, chief accountant of Ha Tien Transport Joint Stock Company (HTV), registered to sell all 3,000 shares to cover his children’s tuition fees.


Binh Duong Construction and Civil Engineering Joint Stock Company (BCE) added up 4.98 percent to VND23,200.


The Hanoi-based HNX-Index fell 1.18 points, or 0.74 percent, to 158.97 points. Trading volume reached 48.6 million shares, worth VND1.33 trillion.


The UPCoM-Index lost 1.34 points, or 2.36 percent, to 55.56, as of 11:05 am local time. Around VND11.3 billion was spent to trade 524,270 shares.

Source: SGGP

Germany’s Merkel urges China to open up markets

In Uncategorized on July 16, 2010 at 8:46 am

BEIJING, July 16, 2010 (AFP) – German Chancellor Angela Merkel on Friday prodded China to ease access to its markets as the leaders of the world’s top two exporting nations held talks in Beijing focused on trade.

Angela Merkel (L) walks beside Chinese Premier Wen Jiabao (R) during a review of the honour guard welcoming ceremony at the Great Hall of the People in Beijing on July 16, 2010. AFP

After meeting Premier Wen Jiabao, Merkel told reporters that she had emphasised German wishes for greater openness in the world’s third-largest economy.


“Chinese companies, like those of many other countries, enjoy very good access to the German market. We hope that German enterprises can enjoy the same access to the Chinese market,” she said.


Trade between the two countries has grown rapidly to 91 billion dollars last year, up from 41 billion dollars in 2001, according to Chinese data.


However, in the past few years, the trade balance has tipped decisively in China’s favour, with Chinese exports to Germany totalling 55 billion dollars last year, while trade in the other direction amounted to 36 billion dollars.


“Neither Germany nor China pursues a trade imbalance,” Wen said during a joint press conference after their talks.


“We hope that trade can be balanced and orderly.”


The two sides signed several agreements covering trade, energy, and culture.


They included an agreement between Shanghai Electric Group of China and Siemens AG on research and development of steam and gas turbines worth 3.5 billion dollars, according to Chinese state media.


Foton Motor of China and Daimler-Benz AG also sealed a deal on a joint venture to make trucks.


Merkel was to meet with President Hu Jintao later in the day.

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Source: SGGP

Bull returns to Vietnam’s stock markets

In Uncategorized on July 15, 2010 at 1:10 pm

Movement of VN-Index on July 13. (Photo:vietstock.vn)Stocks on the Ho Chi Minh Stock Exchange jumped on July 13 as investor uncertainty eased after Dragon Capital decided that it would not dissolve Vietnam Enterprise Investments Limited Fund.

VN-Index, which tracks 246 companies and four mutual funds, finished at 509.08 points, gaining 9.15 points, or 1.83 percent.


Among the index members, 203 advanced, while only 21 fell and 26 remained unchanged.


However, investors were prudent during the trading session, preventing liquidity on the market from improving. Trading volume was just around 47 million shares, approximately VND1.38 trillion.


Saigon Thuong Tin Commercial Bank or Sacombank (STB) topped the list of most active shares by volume with 2 million changing hands.


Saigon Securities Inc. (SSI) followed with 1.58 million shares. The country’s largest brokerage traded up 4.83 percent.


Petrovietnam General Services Js Corporation (PET) came in third with 1.3 million shares.


Ho Chi Minh City Securities Corporation (HCM), Thanh Cong Textile Garment Investment Trading Joint Stock Company (TCM), Seafood Joint Stock Company No4 (TS4), and An Phu Irradiation Joint – Stock Company (APC) all sprang the maximum allowed limit of 5 percent to VND48,300, VND18,900, VND39,900, and VND21,000 respectively.


Among a few losers, Vien Dong Pharmaceutical Joint Stock Company (DVD) extended its losing streak to the eighth day, losing 4.84 percent to VND118,000.


From July 14 to September 14, Nguyen Quang Minh, brother of Nguyen Thi Chinh – head of Board of Supervisors of Vien Dong Pharmaceutical Joint Stock Company (DVD), registered to sell all his holdings of 5,000 shares for personal financial need.


Ninh Hoa Sugar Joint Stock Company (NHS) gave up 4.36 percent to trade at VND37,300.


Saigon Beverages Joint Stock Company (TRI) dipped 4.3 percent to VND8,900.


At the smaller bourse in the north, gainers also outnumbered losers. Hanoi’s HNX-Index added 4.33 points, or 2.75 percent, to 161.9. Trading volume almost doubled that of previous trading session to 41.4 million shares, worth VND1.17 trillion.


The UPCoM-Index rose 3.03 points, or 5.45 percent, to 58.59 as of 11 am local time. A total of 280,815 shares changed hands at VND5.9 billion.

Source: SGGP

Investor composure helps markets resist plummet

In Uncategorized on July 1, 2010 at 2:36 pm

Movement of VN-Index on June 30. (Photo: Vietstock.vn)Despite the sharp fall of global stock markets, Vietnam’s benchmark VN-Index only dropped slightly the last trading session in June, as investors remained calm amidst the movement experienced in international markets.

The index, which tracks 243 companies and four mutual funds on the Ho Chi Minh Stock Exchange, declined by 3.57 points, or 0.7 percent, to 507.14.


Among the index members, 46 advanced, 169 fell, and 32 remained unchanged. Trading volume jumped to 59.1 million shares, valuing VND1.31 trillion.


With 2.37 million shares, PetroVietNam Transportation Corporation (PVT) topped the list of most active share in volume. The company’s shares closed down 4.94 percent.


Transport company Thuan Thao Corporation (GTT) was behind with 1.88 million shares, followed by Vietnam Electricity Construction Joint Stock Corporation (VNE) with 1.63 million shares.


Consumer electronics producer Son Ha International Corporation (SHI) gave up 9.84 percent to VND33,000 from VND36,600 previous day. June 30 was the company’s ex-rights date to issue additional shares at a ratio 5:1.


Ben Thanh Trading & Service Joint Stock Company (BTT) lost 5 percent, falling to VND38,000.


Meanwhile, Hanoi Maritime Holding Company (MHC) added up 5 percent to VND10,500.


Sai Gon Telecommunication & Technologies Corporation (SGT) advanced for the third straight day, gaining 4.96 percent to VND42,300.


Ha Tien Transport Joint Stock Company (HTV) traded at VND19,200, up 4.92 percent from the previous day.


The smaller bourse in the north slumped as of the opening bell. The Hanoi’s HNX-Index ended at 158.81, down 2.52 points, or 1.56 percent. Around 39.9 million shares changed hands at VND1.16 trillion.


UPCoM-Index lost 0.59 points to 47.32 as of 11:25 am local time. Nearly VND3 billion was spent, totaling 168,243 shares.

Source: SGGP