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View Full Version : VN-Index revives despite global slump



kieudiemvje
23-06-2010, 06:23 PM
Vietnam’s benchmark VN-Index struggled to recover on June 23, despite help from rallying penny-chips, while most blue-chips were under pressure to sell.
The shares of 241 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange inched up 0.04 percent, or 0.19 points, to close at 512.82.
Liquidity on the city bourse dropped by 36 percent in quantity and 37 percent in value over previous day, as around 49.2 million shares changed hands, totaling VND1.3 trillion.
On the index, the number of winners equaled to that of losers at 91. Meanwhile, 63 remained unchanged.
The Hanoi-based Long Giang Investment and Urban Development Joint Stock Company (LGL) and power producer Song Ba Joint Stock Company (SBA), located in the central city of Danang, both finished the day having increased the allowed daily limit of 5 percent, moving to VND35,700 and VND12,600 respectively.
Petroleum Industrial & Civil Construction Joint Stock Company (PXI) rallied for a second consecutive day, advancing 4.95 percent to VND31,800.
PetroVietNam Transportation Corporation (PVT), which saw 3.13 million shares traded, was the most active share in volume today.
Refrigeration Electrical Engineering Corporation (REE) came in next with 2.32 million shares, followed by Ocean Group Joint Stock Company (OCG) with 1.83 million shares.
The Hanoi’s HNX-Index also gained 0.58 percent, or 0.94 points, to finish at 162.86. Trading volume was at 37.8 million shares, valued at VND1.17 trillion.
The UPCoM-Index gave up 0.04 points, falling to 46.55, as of 11:20 am local time. A total of 121,172 shares changed hands at VND1.6 billion.
Globally, most stock markets finished in the red as the US real estate market unexpectedly turned gloomy.
Dow Jones Industrial Average index dropped 1.43 percent, or 148.89 points, to 10,293.52. The Nasdaq Composite index declined 1.19 percent. S&P 500 index lost 1.61 percent.
FTSE 100 retreated 0.88 percent. Germany’s DAX slid 0.38 percent.
Asian stocks ended their winning-streak of 8 consecutive sessions of gains, as investors dumped shares.
Japan’s Nikkei 225 index gave up 1.87 percent as yen climbed after an unexpected drop in US home sales, adding to speculation the global economic recovery may be faltering.
China’s Shanghai Composite index also edged down by 0.86 percent.