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Posts Tagged ‘rallies’

VN-Index corrects after big rallies

In Uncategorized on December 16, 2010 at 10:07 am

Vietnam’s benchmark VN-Index made correction on December 14 as investors sold holdings to take advantages of previous sharp gains.

The gauge of 271 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange gave up 0.12 percent, or 0.57 points, to close at 489.65 points.

Among the index members, 52 advanced, 197 retreated, while 27 remained unchanged.

Trading volume climed to the highest level this year as 134.9 million shares worth nearly VND3.28 trillion changed hands.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) won the position of most active share in volume with 14.87 million shares changing hands.

It was followed by Saigon Securities Inc. (SSI), the country’s largest brokerage, with 10.58 million shares traded.

Vietnam Export Import Commercial Joint Stock Bank or Eximbank (EIB) came in third with 7.44 million shares.

Joint Stock Commercial Bank for Foreign Trade of Vietnam or Vietcombank (VCB) plummeted 13.49 percent to trade at VND29,500. The lender will issue 436,382,579 additional shares to its current shareholders at a ratio of 100:33.

Other losers on the southern market included Danang Rubber Joint Stock Company (DRC), House Viet Nam Joint Stock Company (NVN), and sweets producer Bibica Corporation (BBC).

Food and cosmetics producer S.P.M Corporation (SPM) rebounded 4.92 percent to VND64,000 from VND61,000 the previous day.

Viet Thang Aquafeed Joint Stock Company (VTF) capped its four-day losing streak, rallying 4.9 percent to VND15,000.

Thanh Cong Textile Garment Investment Trading Joint Stock Company (TCM) hiked for four consecutive days, closing up 4.87 percent to VND23,700.

The Hanoi’s HNX-Index slumped 1.77 percent, or 2.15 points, to close at 119.61 points. Nearly 111 million shares changed hands at a value of VND2.26 trillion.

Meanwhile, the UPCom-Index inched up by 0.59 points to 41.93 points this morning. Around 0.3 million shares changed hands at a value of VND3.56 billion as of 11:15 am local time.

Source: SGGP

VN-Index rebounds on blue-chips’ rallies

In Uncategorized on November 5, 2010 at 10:59 am

Athens anti-austerity rallies draw 20,000: police

In Uncategorized on May 5, 2010 at 12:41 pm

ATHENS, May 5, 2010 (AFP) – Protests against a government austerity drive drew 20,000 people in Athens as rallies kicked off Wednesday shortly before midday amid a general strike, police said.

About 10,000 protestors from the main public and private sector unions massed in the capital for speeches while the PAME communist union drew another 10,000 people.

Crew members stand at entrance to a ferry in the port of Piraeus due to a 24-hours strike on May 5, 2010. AFP photo

Protestors bore banners reading “IMF and EU are stealing a century of social progress” and “the rich must pay for the crisis”.

After their separate rallies, the demonstrators began converging on parliament, where the government was preparing for unprecedented spending cuts and tax hikes to be voted on Thursday.

In Greece’s second city in the north of the country, Thessaloniki, some 14,000 people gathered for protests, police said.

Source: SGGP

Thailands’s Reds optimistic on ending weeks of rallies

In Uncategorized on May 5, 2010 at 8:36 am

BANGKOK, May 5, 2010 (AFP) – Thailand’s anti-government “Red Shirts” hinted Wednesday their weeks-long rally in the heart of Bangkok could soon end as they awaited more details on the government’s reconciliation roadmap.

Despite signs the crisis is nearing a resolution, thousands of protesters remained barricaded inside their encampment in Bangkok’s main shopping district, behind piles of tyres, razor wire and bamboo stakes.

Thai “Red Shirt” leader Veera Musikapong (R) holds a candle in front of a Buddha at the beginning of a ceremony, part of celebrations for Coronation Day marking the 60th anniversary of the official coronation of King Bhumibol Adulyadej, in downtown Bangkok on May 5, 2010. AFP photo

The red-clad demonstrators, whose eight-week campaign has sparked deadly outbreaks of civil unrest that have left 27 dead, agreed Tuesday to join Prime Minister Abhisit Vejjajiva’s proposed reconciliation process.

The mainly poor and working class Reds want Abhisit to make clear when he will dissolve parliament for elections promised for November, and to withdraw troops who have converged on the capital, which is under a state of emergency.

But Reds leader Veera Musikapong voiced optimism Wednesday that the end was in sight for supporters who have spent weeks sleeping rough under flimsy shelters, and who are now enduring the start of the rainy season.

“I have a feeling that we will soon return to our hometown as our goal to fight for true democracy and return power to the people is about to be achieved,” Veera told the crowd.

“We have been together for some 50 days, I really feel that we may soon return home,” he said as leaders of the movement offered alms to 45 Buddhist monks on their protest stage.

The ceremony was part of celebrations for Coronation Day, which marks the 60th anniversary of the official coronation of King Bhumibol Adulyadej, the world’s longest-reigning monarch.

In a light-hearted address to the crowd, Veera said the protesters would not remain forever in Bangkok’s retail heartland, where luxury hotels and shopping malls have been forced to close.

“We will not stay here until we obtain the land title deed,” he joked.

Abhisit said in a nationally televised address Monday that he was ready to hold elections on November 14 if all parties accepted his reconciliation plan, and drop their demand for snap polls.

But the Reds said they would continue the rally until the premier spells out when he will dissolve parliament, and said he should leave it to the Election Commission to set the poll date.

Many of the protesters support fugitive ex-premier Thaksin Shinawatra and say Abhisit’s rise to power on the back of a court ruling in 2008 that ousted Thaksin’s allies was undemocratic.

The telecoms tycoon-turned-politician, who was toppled in a 2006 coup and now lives overseas to avoid a jail term for corruption, has called for the two sides to settle their differences.

“Reconciliation is good for everybody,” he said in a phone-in to a meeting of the opposition Puea Thai Party on Tuesday. “Don’t think about the past but look to the future.”

Arrest warrants have been issued for many leading Red Shirts, who are defying a ban on rallies in the capital, but the authorities are ready to discuss an amnesty for protest leaders, according to a government source.

Abhisit, the British-born, Oxford-educated head of the establishment Democrat Party, does not have to go to the polls until the end of next year.

The Reds have said the government is intent on clinging to power until September, when an important military reshuffle will take place and the national budget will be approved in parliament.

The government, which was appointed with the backing of the military in a 2008 parliamentary vote, wants to ensure the new army leadership line-up is appointed before it goes to the polls.

Observers say that when Abhisit does face the people, his failure to connect with the rural masses means he will have a tough battle against the pro-Thaksin forces that have won every election for a decade.

Source: SGGP