kieudiemvje
03-02-2010, 02:56 PM
Shares on the HCM City Stock Exchange continued to tread water on Tuesday on improved trading, with the VN-Index closing up just 0.2 percent to 487.93. Volume increased by 20 percent, however, to over 27 million shares, with a value of just over VND1 trillion (US$53.2 million).
Eximbank (EIB) remained the most active share, with over 1.4 million traded.
Ha Noi-based property developer lists at HoSE The Ha Noi-headquartered Ha Do Group (HDG) became a listed firm on the HCM City Stock Exchange yesterday.
With a charter capital of VND135 billion (US$7.3 million), the group tha t was formerly under management of the Ministry of National Defence before it turned into a joint stock company in 2004, operates in real estate investment, construction and consultation.
Last year HDG netted a profit of almost VND167 billion, resulting in an earning per share (EPS) of almost VND13,000, among the highest EPS created by listed property developers on the stock market.
This year the company targets a net profit of VND250 billion, which is expected to increase to VND302 billion in 2011. HDG also plans to increase its charter capital to VND203 billion this year, and VND300 billion in 2011.
On the Ha Noi Stock Exchange, the HNX-Index fell by an equally miniscule 0.2 percent to a close of 160.91. The volume of the day's trades rose slightly to 14.1 million shares, worth a combined VND458.25 billion ($24.4 million). Kim Long Securities Company (KLS) ended the day as the most heavily-traded share on the northern bourse, with 1.5 million changing hands.
Sellers on both exchanges continued to set high asking prices for major shares like Saigon Securities Inc (SSI) and real estate developer Kinh Bac (KBC), while demand for shares remained weak, said Dai Viet Securities Company analysts in their daily report.
Continued worries for the economy, particularly as interbank and US dollar ‘black market' foreign exchange rates began inching up again, were deepening investor caution, the report said.
Bao Viet Securities Comapny analyst Nguyen Duc Thi saw increasing trading volume as a sign of a market rebound, however, although he also acknowledged that weak demand continued to undermine the market.
"The rise in the VN-Index late in the session should be accompanied by more significantly improved trading volumes of around 40 million shares," said Thi.
Foreign investors continued to be net buyers on the HCM City bourse yesterday, responsible for a net of over 1.26 million buys, worth a total of VND113 billion ($6 million). However, they were net sellers in Ha Noi bourse by a value of over VND4.8 billion ($255,320).
Eximbank (EIB) remained the most active share, with over 1.4 million traded.
Ha Noi-based property developer lists at HoSE The Ha Noi-headquartered Ha Do Group (HDG) became a listed firm on the HCM City Stock Exchange yesterday.
With a charter capital of VND135 billion (US$7.3 million), the group tha t was formerly under management of the Ministry of National Defence before it turned into a joint stock company in 2004, operates in real estate investment, construction and consultation.
Last year HDG netted a profit of almost VND167 billion, resulting in an earning per share (EPS) of almost VND13,000, among the highest EPS created by listed property developers on the stock market.
This year the company targets a net profit of VND250 billion, which is expected to increase to VND302 billion in 2011. HDG also plans to increase its charter capital to VND203 billion this year, and VND300 billion in 2011.
On the Ha Noi Stock Exchange, the HNX-Index fell by an equally miniscule 0.2 percent to a close of 160.91. The volume of the day's trades rose slightly to 14.1 million shares, worth a combined VND458.25 billion ($24.4 million). Kim Long Securities Company (KLS) ended the day as the most heavily-traded share on the northern bourse, with 1.5 million changing hands.
Sellers on both exchanges continued to set high asking prices for major shares like Saigon Securities Inc (SSI) and real estate developer Kinh Bac (KBC), while demand for shares remained weak, said Dai Viet Securities Company analysts in their daily report.
Continued worries for the economy, particularly as interbank and US dollar ‘black market' foreign exchange rates began inching up again, were deepening investor caution, the report said.
Bao Viet Securities Comapny analyst Nguyen Duc Thi saw increasing trading volume as a sign of a market rebound, however, although he also acknowledged that weak demand continued to undermine the market.
"The rise in the VN-Index late in the session should be accompanied by more significantly improved trading volumes of around 40 million shares," said Thi.
Foreign investors continued to be net buyers on the HCM City bourse yesterday, responsible for a net of over 1.26 million buys, worth a total of VND113 billion ($6 million). However, they were net sellers in Ha Noi bourse by a value of over VND4.8 billion ($255,320).