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Posts Tagged ‘momentum’

VN-Index resumes rising momentum

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

VN-Index, a gauge of 271 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, rebounded on December 9 thanked to rising buying demand at the end of the trading session.

The Vietnam’s benchmark jumped 1.68 percent, or 7.62 points, to close at 460.45 points.

Among the index members, 189 leaped forward, 46 retreated, while 41 remained unchanged.

Trading volume on the city bourse fell by 15 percent to nearly 60.6 million shares worth VND1.35 trillion.

Quoc Cuong Gia Lai Joint Stock Company (QCG) topped the list of most active shares in volume with 5.58 million shares changing hands.

Saigon Securities Inc (SSI), the country’s largest brokerage, followed with 3.7 million shares traded, tagged along by Refrigeration Electrical Engineering Corporation (REE) with 2.22 million shares.

Mirae Joint Stock Company (KMR) and Taya Vietnam Electric Wire and Cable Joint Stock Company (TYA) all jumped the daily maximum allowed limit of 5 percent to VND8,400 and VND6,300 respectively.

Ho Chi Minh City Securities Corporation (HCM) snapped its two-day losing streak, climbing up 4.98 percent to VND31,600.

Investment and Trading of Real Estate Joint stock Company (ITC) and Dai Thien Loc Corporation (DTL) both levitated 4.95 percent to VND23,300.

Hamico Group Mineral Joint Stock Company (KSH) edged down for three consecutive days, erasing 4.96 percent to VND36,400.

Viet Thang Aquafeed Joint Stock Company (VTF) gave up 4.91 percent to trade at VND15,500.

Lilama 18 Joint Stock Company (LM8) shed 4.83 percent to VND13,800.

The northern bourse also performed well today as the Hanoi’s HNX-Index augmented 1.48 percent, or 1.63 points, to finish at 112.13 points. Trading volume reached 62.25 million shares worth VND1.16 trillion.

The UPCom-Index slipped 0.12 points to 39.81 points this morning. The market of unlisted shares saw a total of 176,800 shares trading at VND2 billion.

Source: SGGP

VN-Index maintains rising momentum amid market makes correction

In Uncategorized on October 14, 2010 at 6:29 pm

Movements of VN-Index on October 7. (Photo: shares on the Ho Chi Minh Stock Exchange advanced for three consecutive trading sessions on October 7 thanked to support from blue-chip stocks though the Vietnam’s benchmark tended to make correction after robust rallies.

VN-Index, a measure of 261 companies and five mutual funds, added 0.29 percent, or 1.33 points, to close at 462.05 points.

Trading volume on the city bourse faintly slid over the previous session as around 37.34 million shares changed hands at a value of VND983 billion.

Of the index, 58 stocks gained, 163 went down, while 45 stayed the same.

With 1.9 million shares changing hands, PetroVietnam Fertilizer and Chemicals Corporation (DPM) won the spot of most active share in volume.

Vietnam Export Import Commercial Joint Stock Bank (EIB) took the second rank with 1.79 million shares.

Tan Tao Investment Industry Corporation (ITA) tagged along with 1.54 million shares traded.

Bao Viet Holdings (BVH) increased 5 percent to trade at VND63,000 from VND60,000 yesterday.

Tan Binh Import – Export Joint Stock Company (TIX) capped its three-straight-session losing streak, shooting up 4.98 percent to VND48,500.

The Hanoi-based Information and Networking Technology Joint Stock Company (CMT) advanced for three consecutive days, surging 4.95 percent to VND29,700.

Phuc Tien Trade Manufacture Joint Stock Company (PHT) slashed 5.33 percent to VND16,000. The company will pay dividends for the first term of this year in cash at a ratio of 10 percent since November 30.

Ha Tien Transport Joint Stock Company (HTV) dropped 4.91 percent to VND32,900.

Meanwhile, the trading floor in the north made a contrast move as the Hanoi’s HNX-Index slipped 2.22 points, or 1.78 percent, to finish at 122.62 points. Liquidity continued to severely fall as just nearly 23 million shares changed hands at VND538.9 billion.

The UPCoM-Index slightly rose by 0.1 points to 45.58. A total of 388,200 shares were traded at VND8.36 billion.

Source: SGGP

VN-Index maintains upwards momentum as blue-chips rally

In Uncategorized on June 29, 2010 at 8:48 am

Movement of VN-Index on June 29. (Photo: VN-Index, a measure of 242 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange, continued to advance on June 29 as buying demand improved.

The country’s benchmark finished at 510.71 points, gaining 3.43 points, or 0.68 percent. Around 46.6 million shares, worth VND1.26 trillion, changed hands on the city bourse.

112 stocks rose, 93 dropped, and 41 remained unchanged.

Saigon Securities Inc. (SSI) had the most active shares in volume with 1.64 million shares changing hands, followed by PetroVietNam Transportation Corporation (PVT) with 1.35 million shares.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) remained in third place with 1.18 million shares.

On June 23, Toan Thinh Phat Architecture Investment Construction Joint Stock Company bought 4 million shares of Sacombank (STB), increasing its holdings to 5,644,340 shares, accounting for 0.84 percent of the bank’s chartered capital.

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

Saigon Telecommunication & Technologies Corporation (SGT) closed up 4.93 percent to VND23,400.

Foreign Trade Development and Investment Corporation of Ho Chi Minh City (FDC) climbed 4.9 percent to VND38,500.

1,429,609 additional shares of Foreign Trade Development and Investment Corporation of Ho Chi Minh City (FDC) officially traded on the city bourse on June 29. These shares were issued to pay dividends to current shareholders, according to the company’s announcement on April 16.

Meanwhile, telecommunication cable producer Viet – Han Corporation (VHG) declined 4.9 percent to VND33,000.

Other decliners included Ca Mau Trading Joint Stock Company (CMV), DIC Investment and Trading Joint Stock Company (DIC), and Son Ha International Corporation (SHI).

Hanoi’s HNX-Index slightly rose 0.18 points, or 0.11 percent, to close at 161.33. Trading volume increased by 20 percent to 44.39 million shares, worth VND1.25 trillion.

In contrast, the UPCoM-Index dropped 0.35 points to 47.4, as of 11:15 am local time. A total of 257,193 shares traded at VND4.1 billion.

Source: SGGP

IMF head laments ‘loss of momentum’ in financial reform

In Uncategorized on June 18, 2010 at 4:25 am

World leaders’ commitment to global reforms of the financial sector is flagging, IMF head Dominique Strauss-Kahn said on Thursday

 World leaders’ commitment to global reforms of the financial sector is flagging, IMF head Dominique Strauss-Kahn said on Thursday.

“I am sometimes a bit worried about the loss of momentum” in the reform of the financial sector, in face of the “huge” task ahead, Strauss-Kahn told a conference.

Previously, “leaders were very committed to do something in the financial sector but as the crisis vanished, most of them are more concerned by domestic questions,” the head of the International Monetary Fund said.

“It would be unfair to say that the momentum has disappeared … nevertheless I don’t see the pressure as big and strong as it was a few months ago,” Strauss-Kahn added.

Governments in the United States and Europe have been scrambling to revamp and adapt banking rules since the collapse of US investment bank Lehman Brothers in September 2008 sparked a global credit crunch.

The IMF however has said that more direct measures than those proposed so far are needed, such as levies tied to risk presented by individual banks or limits to the size of their business.

Strauss-Kahn also said he was concerned about the consistency in priorities in financial reform across borders, citing different approaches in the United States and Italy as examples.

“Having an inconsistent system in the biggest economies … is of course creating new cause for regulatory arbitrage and the trigger for the next crisis.

“The countries having experienced some problems in the financial sector, namely the US and the European countries, are really keen to do something,” he said.

However, those countries that have not had major problems in the financial sector, like Canada and some emerging economies, tend to say that major reforms are not needed, he added.

Source: SGGP

Climate talks to boost momentum for deal: UN official

In World on September 10, 2009 at 8:01 am

UNITED NATIONS, Sept 9, 2009 (AFP) – The one-day UN meeting on climate change in New York later this month is intended to generate political momentum ahead of a landmark climate summit in December, according to a top UN official.

The September 22 talks are “intended to provide political momentum at the highest level to accelerate progress toward a deal in Copenhagen,” said Janos Pasztor, director of UN chief Ban Ki-moon’s Climate Change Support Team, at a news conference Tuesday.

A cyclists ready for a bicycle tour of Manila, the Philippines to raise awareness on climate change waits for the trip to begin on September 8, 2009 (AFP photo)

UN officials said they expect many heads of state at the September meeting, including, in what would be his first time at top-level international climate talks, US President Barack Obama.

Saying that “progress has been much too slow” on negotiations, Pasztor noted there were only 15 more days of negotiations available ahead of Copenhagen.

“The full engagement of world leaders is absolutely essential,” Pasztor urged, adding that all 192 member states of the world body are invited to attend the talks.

Although he said the informal talks on the sidelines of the UN’s annual general assembly meet would not produce a formal declaration, the momentum should boost movement towards “a fair, effective and ambitious deal” in December.

In Copenhagen, world leaders will try to seal a new accord to fight climate change after the Kyoto Protocol requirements expire in 2012.

Speaking to AFP in Norway earlier this month, the UN secretary general criticized world leaders for often acting in the interests of their own countries.

“Climate change affects everyone. It doesn’t respect borders. So political leaders should act as world leaders,” Ban said.

Foreign ministers from major European countries meanwhile joined the pleas Tuesday for parties to the upcoming UN climate talks in Copenhagen to start negotiating earnestly, and said that only a wider deal in December would prompt the European Union to advance its own offer on emissions reduction.

“We are here with a warning, and the warning is that the world will sleepwalk towards December and not realise that it has to up its game if we are to get a deal,” British Foreign Secretary David Miliband said in Paris.

“The warning is that Copenhagen is in the balance. The warning is that if we leave it to business as usual and negotiations as usual, we will not get the sort of deal that we need.”

Source: SGGP