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12-11-2010, 03:22 AM #1thanhpho44 Guest
Shares continued to decline on the nation's two stock exchanges this morning, however, market volume rose as many investors started to seek bottom prices on good shares.
In HCM City, the VN-Index recovered during the latter half of the session, but fell 1.14 per cent to close at 441.6.
The bourse's volume soared 68.6 per cent after 44.5 million shares changed hands and the market's value rose by 65 per cent to more than VND1 trillion (US52 million).
However, decliners still outnumbered advancers by 213-25.
Blue chips Bao Viet Holding (BVH), property developer Hoang Anh Gia Lai (HAG) and Masan Group (MSN) posted gains in value, while Vietinbank (CTG), Sacombank (STB), software FPT Corp (FPT), industrial conglomerate Hoa Phat Group (HPG) and Vincom (VIC) declined.
Sai Gon Securities Inc (SSI) was the most active stock with almost 2.5 million shares changing hands. SSI backslide by 1.7 per cent to close at VND23,500 ($0.18).
In Ha Noi, the HNX-Index lost another 3.03 per cent over yesterday's value to close at 101.62.
Market volume rose by 45 per cent to 37.7 million shares worth almost VND654.1 billion ($32.7 million).
Losers largely outnumbered gainers by 279-27.
PetroVietnam Construction (PVX), on a volume of 4.87 million shares exchanged, and Kim Long Securities (KLS), on a volume of 3.38 million, were the most heavily-traded shares nationwide. PVX fell 2.9 per cent and KLS slid by 4.1 per cent.View more random threads:
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