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03-06-2008 11:02 AM #1
Junior Member- Ngày tham gia
- Feb 2008
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Vietcombank bonds buck sluggish market
The start of a new week, and a new month, did little to change the
longstanding patterns on the Ho Chi Minh Stock Exchange on June 2.
The VN-Index continued its daily slide, losing another 1,49 percent of its value to close at 407.94, a drop of 6.16 points.
The
value of the day’s trades was miniscule, reaching only 53.25 billion
VND (3.33 million USD) on a volume of 1.45 million shares.
Total
securities trading in Ho Chi Minh City , including corporate bonds and
fund certificates, hit a healthier volume of 10.18 million, however,
and generated a total turnover of 922.85 billion VND ( 57.68 million
USD), largely on the strength of June 2 auction of Vietcombank bonds.
So,
while interest in the stock market has largely dried up, there was
action down the hall surrounding bond trading, where typical daily
volumes were usually in the 1-2 million range.
Foreign
investors were approaching the market cautiously in the days following
last week’s three-day suspension of trading due to a technical error.
They were net buyers, but only to the tune of a mere 99.800 shares.
Up
in Hanoi , the HASTC-Index also continued falling, dropping 1.41
percent to end the day at 117.63. Trading volume was just 1.57 million
shares, for a combined value of only 44 billion VND (2.75 million USD).
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