16:25:00 - 11/04/2008
HOSE rises, HASTC remains the same
HA NOI – The HCM City Stock
Exchange saw a series of slight increases led by blue-chips whereas Ha Noi
Securities Trading Centre remained unchanged in Friday’s trading session.
The VN-index rose 9.03 points to
close at 785.07 with more than 6.6 million shares traded worth VND512 billion
(US$32 million).
Of the 147 listed shares and fund
certificates, including new entrant Viet-Han Production and Investment company
(VHG) the bourse saw 65 gainers, 49 decliners and 32 unchanged stocks.
Some analysts attributed the
increases to listings such as FPT, SSI, STB, REE, PVD, VTO, MPC and TAC posting
high annual profits late last week.
The Corporation for Financing and
Promoting Technology (FPT) saw the strongest gain of VND4,000 to close at VND182,000
a share. Viet Nam Dairy Products Company (VNM) rose VND2,000 to close at
VND138,000 a share while Phu My Fertiliser (DPM) crept up VND1,000 to close at
VND62,000.
Sacombank (STB) cashed its assets
the best to close at VND59,500 a share with 821,580 shares traded.
Tran Tien Dung of Habubank
Securities said that most investors remain cautious and indecisive about
placing orders.
"Attempts to rescue an
ailing market have not yet improved its condition," he said. "I
predict the stock market to make a strong recovery after Tet (Lunar New Year).
Nguyen Anh Tuan of An Binh
Securities said that foreign investors buying large amounts of shares at the
HOSE was a good sign, but he no assured the continuation of an upward trend.
Vo Huu Tuan of Bao Viet Securities
said that those who want to turn a quick buck might want to look at the gold
market. Real estate also looks promising due to rising property prices.
In Ha Noi, HASTC closed at 271.76
points with a volume of 2.7 million shares traded worth over VND196 billion
($12.2 million).
The northern bourse saw the
largest volume of shares traded including KLS with 458,000 shares; ACB with
220,800 shares; NVC with 174,900; PVS with 137,800 and PAN with 108,800 shares.
(Source: Viet NamNews)