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Posts Tagged ‘penny’

Penny chips buoy investor confidence

In Uncategorized on October 25, 2010 at 1:35 pm

Movements of VN-Index on October 25. (Photo:’s benchmark VN-Index, a gauge of 264 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, unexpectedly swam upstream on October 25 as penny-chip stocks revived, enhancing investors’ bullish sentiment.

The index finished at 448.61 points, gaining 3.4 points, or 0.76 percent.

However, liquidity on the city bourse slightly improved over the previous session. Around 28.6 million shares traded at VND735.21 billion, an increase of 5.94 percent in volume and 20.31 percent in value.

On the benchmark, 154 stocks gained, 48 dropped, while 67 treaded water.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) topped the list of most active shares in volume with 1.14 million shares changed hands. It was the only stock whose trading volume was above 1 million shares today.

Ocean Group Joint Stock Company (OGC) took the second rank with 829,070 shares traded.

Saigon Securities Inc. (SSI), the country’s largest brokerage, tagged along with 671,750 shares.

Camau Trading Joint Stock Company (CMV) advanced the first time after stalling for two trading sessions, jumping the daily maximum allowed limit of 5 percent to trade at VND27,300.

OPC Pharmaceutical Joint-Stock Company (OPC) climbed 4.99 percent to VND40,000.

Nari Hamico Minerals Joint Stock Company (KSS) curbed it five-consecutive-trading-session losing streak, shooting up 4.96 percent to VND27,500.

H.A.I Joint Stock Company (HAI) eroded 4.92 percent to trade at VND29,000.

Cuu Long Pharmaceutical Joint Stock Corporation (DCL) stumbled 4.91 percent to VND40,700.

Manulife Progressive Fund (MAFPF1) declined 4.76 percent to VND4,000.

The Hanoi’s HNX-Index edged up 0.45 points, or 0.4 percent, to 111.77 points. Trading volume severely fell over the previous day as just 20.7 million shares changed hands at VND400 billion.

The UPCoM-Index inched up 0.01 points to 42.9 points. A total of 232,200 shares were traded at a value of VND3.87 billion as of lunchtime.

Source: SGGP

Rise of penny chips keeps market climbing

In Uncategorized on June 18, 2010 at 4:44 am

Vietnam’s benchmark VN-Index inched up on June 14 as penny-chips rallied, helping the market maintain its rising momentum.

The index of 236 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange finished at 508.32, climbing 0.8 percent, or 4.03 points.

Among the index members, 141 advanced, 55 declined, while 44 remained unchanged. More than 46 million shares, worth VND1.23 trillion, changed hands.

The Hanoi-based Ocean Group Joint Stock Company (OGC) was the most active share in volume with 2.91 million shares traded, followed by Refrigeration Electrical Engineering Corporation (REE) with 1.47 million shares.

From June 17 to August 17, FPT Capital, a major shareholder of OGC, registered to sell 2 million shares, reducing its holdings to 18,222,222 shares, to restructure investment category.

The Dong Hai Joint Stock Company of Ben Tre (DHC) followed next with 1.4 million shares changing hands. The company closed the day up the daily maximum allowed limit of 5 percent to VND23,100.

The Cu Chi Commercial and Industrial Developing Investment Joint Stock Company (CCI) rose 4.98 percent to VND29,500.

The Ocean Group Joint Stock Company (OGC) and the Idico Urban and House Development Joint Stock Company (UIC) gained 4.96 percent to VND38,100 and VND44,400 respectively.

The Van Phat Hung Corporation (VPH) and the Sai Gon Telecommunication & Technologies Corporation (SGT) and Materials – Petrolium Joint Stock Company (COM) were among the losers on the city bourse.

An increase of 1.53 points, or 0.97 percent, wasn’t enough to push the Hanoi’s HNX-Index return to 160 points. Thus, the northern market closed at 159.76 points.

Liquidity on the market improved by 20 percent over last week, posting trades of 33.3 million shares worth VND1.05 trillion.

In contrast, the UPCoM-Index of unlisted stocks lost 0.29 points to fall to 45.38, as of 11:15 am local time. Around VND3.2 billion was spent to trade 197,323 shares.

Globally, most Asian stocks rose, lifted by Friday’s mild gains on Wall Street.

Japan’s Nikkei 225 Index advanced 1.56 percent. Korea’s Kospi Index inched up 0.76 percent. China’s Shanghai Composite Index went up 0.29 percent.

Source: SGGP