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View Full Version : VN-Index rises for fifth straight day



phuocpham
26-12-2009, 11:25 AM
The Vn-Index forged ahead on Christmas Eve, picking up a significant 8.38 points to close at 479.13 points on a sudden increase thanks to the large blue-chip buy orders from foreign investors to become the highest increase in the last two weeks.
The trading volume grew by 43.9 million shares, up 25.71 percent against previous sessions, with a turnover of VND1.62 trillion or an increase of 16.41 percent.
The day witnessed 147 gainers, 31 losers and 22 unchanged. Transactions were great in most codes, as Eximbank led the southern exchange with nearly 4.2 million shares traded, accounting for 9.50 percent of the market.
New listing
The southern market yesterday also witnessed the new listing of Tan Cang Logistics with 17 million shares. TCL closed the day at VND41,000 per share with 74,700 shares changing hands.
Of the 10 shares with largest liquidity, Bao Viet hit ceiling price to close at VND31,100 per share, followed by PVF, HAG and STB.
Foreign investors yesterday bought a net of more than 5 million shares accounting for 11.53 per cent of the entire market.
EIB was the most heavily purchased by foreign investors, followed by HAG, KBC, PVD and CTG.
In Ha Noi yesterday, the HASTC-Index was up by 3.72 points to end the day at 156.98 points, with 210 advancers, 25 unchanged and 27 losers. Trading volume stood at 23.1 million shares or VND677 billion.
The northern market also saw strong activity, as the most active stock, VCG, BVS and KLS hit the ceiling. The northern bourse also received one more stock of the Marine Supply and Engineering Service Joint Stock Company. The share closed the day at VND18,900 with 15,300 shares changing hands.
Ban Viet Securities said the State Bank had sent a message to lower credit growth in 2010 and control outstanding debt at 25 percent, lower than that of 2009 at 37.73 percent.
In addition, investment capital would be poured into production instead of loans for consumption and real estate. The central bank’s move will cause impact on the stock market hindering money flow into the stock market.
It said the upward trend would be hard to maintain in the short term as trading volume was expected to decline in the coming sessions. It was attributed to end-of-year festivities and the State Bank’s tightened monetary policy.
Au Viet Securities forecast the stock market would be around 460-480 points for the last trading sessions this week.