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22-11-2010, 04:14 AM #1Guest
Rallies of blue chips helped slow down the fall of Viet Nam's stock indexes this Monday. In HCM City, VN-Index closed down just 0.08 per cent to 426.19 points.
Trading volume continued low at 30.1 million shares worth of VND682.9 billion (US$32.5 million).
As many as 178 listed stocks in southern market fell while 46 others rose and 50 were unchanged.
Blue chips turned positive, with insurer Bao Viet Holding (BVH) rising by VND1,500; software producer FPT Corp (FPT), Vietcombank (VCB) and Masan Group (MSN), each rising by VND1,000; Vietcombank (VCB), rising by VND800; steel producer Hoa Phat Group (HPG), rising by VND300; and Eximbank (EIB), rising by VND100.
Other big stocks of Ocean Group (OGC) and Sacombank (STB) closed unchanged.
Trading with blue chips would be a reference for market moves this week as it would signal the capital injection by foreigners into the market, said FPT Securities' analyst Nguyen Quang Vinh.
Inflation figures for HCM City and Ha Noi in November were released at weekend would lead to a lacklustre trading, as markets were now sensitive to economic news, Vinh added, pointing to a slump in both indices on Friday as rumours about the high inflation figures hit the trading floors.
Vinh predicted a VN-Index this week in a range of 410-445 points.
In Ha Noi, HNX-Index fell 1.25 per cent to 97.86 points, in comparison to a fall of 1.48 per cent last Friday.
Decliners outperformed advancers by 239 to 47.
Volume was still modest with 27.8 million shares for a value of VND495.7 billion ($23.6 million).View more random threads:
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