VN-Index goes down on low trade
| 11:22' 12/06/2007 (GMT+7) | ||
Closing the session, the market’s total trading volume fell strongly to 5.05 million shares worth VND566 billion, down 23.1% from the earlier session.
The falling trading volume was mainly due to STB, the biggest stock on the southern bourse which was diluted this morning, prompting its price to drop to VND75,000 from VND78,500 each. Obviously, investors holding STB did not want to sell shares in the hope of a higher price.
Therefore, the trading volume of STB yesterday was 777,460 shares, only one-third of the volume of last weekend.
While 34 stocks actually managed to rise, 54 stocks fell in today’s session including the blue chips FPT (-VND10,000), HBC (-VND6,000), PVD (-VND6,000), NKD (-VND6,000) and ALT (-VND5,000).
Other blue chips like BMC, TCT, SGH, LGC, and HAX were among the winners of the day, rising to nearly 5% of the trading limit.
Similar to the Ho Chi Minh City market, the Ha Noi bourse this morning was down 5.34 points to close at 322.31. Its total trading volume was more than 1.2 million shares worth VND122 billion. Out of a total 86 stocks, 55 went down, 16 rose and 15 remained unchanged.
(Source: SGGP) |
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