VN-Index up, HaSTC-Index down slightly

10:01' 27/06/2007 (GMT+7)

VietNamNet Bridge - Ho Chi Minh City's bourse continued its upward trend while its Hanoi-based counterpart reported a slight drop by the end of the day's trading on June 26. The VN-Index at the country's largest exchange in Ho Chi Minh City tacked on 11.31 points or 1.1 percent from the previous session to close at 1055.7 points. More than 5.6 million shares, worth a combined 615.1 billion VND, changed hands on the day, 47 stocks rallied for gains, 26 shares remained the same and 36 shares fell over the course of the session. Blue chip share Sai Gon Thuong Tin Commercial Bank (STB) led the market in terms of trading volume with 693,090 shares changing hands on the day. Petroleum Drilling Service Firm (PVD) with 290,990 shares and Song Da Urban and Industrial Zone Investment and Development ( SJS ) with 283,830 shares rounded out the top three. Although the State Securities Commission (SSC) has not yet determined whether Binh Dinh Mining Co ( BMC ) has been artificially inflating their stock price, 800 shares were offered during the session. As there was no demand for BMC, its price fell 27,000 VND to 514,000 VND per unit. Financing and Promoting Technology Corporation ( FPT ) hit the ceiling price by 15,000 VND to 324,000 VND with all the 218,550 shares being snatched up. Pharmaceutical company (DHG), Confectioner Kinh Do Corp (KDC) and plastic tube producer BMP were also among the top five in terms of price gains. The HaSTC-Index at the Hanoi Securities Trading Centre continued to slide 0.52 points from its last session to finish at 295.4 points marking its sharpest decline since early this year. Thirty-seven of 87 shares recorded small losses in prices. Noteworthy, after recording price gains for consecutive days, the newly listed Cho Lon Real Estate (CRL) fell 23,500 VND to close at 236,000 VND per share today. On the day, almost 1 million shares, worth over 108.95 billion VND, changed hands at the Hanoi bourse. (Source: Viet Nam Net)