boiman
26-11-2008, 06:52 PM
VN-Index gained back a little ground on Nov. 25 after
six consecutive downward sessions, closing at 320.33 points for a gain
of 0.75 percent.
More than 10.9 million shares were traded with a total
value of 313.9 billion VND, off slightly from the 11.6 million-share
volume on Monday. Of the 166 listed shares and fund certificates, the
HCM Stock Exchange saw 84 advancers, 53 losers, 32 shares unchanged and
one code inactive.
Vietcombank Securities analysts said the domestic
stock market was still being weighed down by the global financial
turmoil, especially on the US market, but US government moves such as
this week’s plan to rescue Citigroup have helped shore up confidence.
Nguyen Van Hung, an investor with Kim Long Securities,
spoke for a large number of investors when he said many were currently
selling off shares to cut their losses.
But positive news about trends in the consumer price
index (CPI) helped shore up a number of blue-chips shares which rose on
Nov. 25 for the second consecutive trading session. Sacombank (STB),
PetroVietnam Drilling (PVD), Hoa Phat Group (HPG) and FPT all rose
slightly, and Vinpearl Tourism and Trading Co (VPL) hit its ceiling
price to close at 101,000 VND per share.
Sacombank (STB) remained the most active share on the
day, with 1.61 million changing hands, followed by Saigon Securities
(SSI) with 760,000 shares, and Vinamilk (VNM) which placed third with
500,000 shares, although it lost value on the day.
In Hanoi , the HASTC-Index was also up slightly,
gaining 0.73 point to close at 105.24. Nearly 5.48 million shares were
traded with a total value of 148.9 billion VND. The northern bourse saw
74 advances, 67 losers and 20 codes unchanged.
six consecutive downward sessions, closing at 320.33 points for a gain
of 0.75 percent.
More than 10.9 million shares were traded with a total
value of 313.9 billion VND, off slightly from the 11.6 million-share
volume on Monday. Of the 166 listed shares and fund certificates, the
HCM Stock Exchange saw 84 advancers, 53 losers, 32 shares unchanged and
one code inactive.
Vietcombank Securities analysts said the domestic
stock market was still being weighed down by the global financial
turmoil, especially on the US market, but US government moves such as
this week’s plan to rescue Citigroup have helped shore up confidence.
Nguyen Van Hung, an investor with Kim Long Securities,
spoke for a large number of investors when he said many were currently
selling off shares to cut their losses.
But positive news about trends in the consumer price
index (CPI) helped shore up a number of blue-chips shares which rose on
Nov. 25 for the second consecutive trading session. Sacombank (STB),
PetroVietnam Drilling (PVD), Hoa Phat Group (HPG) and FPT all rose
slightly, and Vinpearl Tourism and Trading Co (VPL) hit its ceiling
price to close at 101,000 VND per share.
Sacombank (STB) remained the most active share on the
day, with 1.61 million changing hands, followed by Saigon Securities
(SSI) with 760,000 shares, and Vinamilk (VNM) which placed third with
500,000 shares, although it lost value on the day.
In Hanoi , the HASTC-Index was also up slightly,
gaining 0.73 point to close at 105.24. Nearly 5.48 million shares were
traded with a total value of 148.9 billion VND. The northern bourse saw
74 advances, 67 losers and 20 codes unchanged.