Monday, November 15, 2010

Markets wrestle with bears

The VN-Index closed essentially flat Sept. 15 at 448.72 points, saved
from a decline by a steady performance by major shares late in the
session on the HCM Stock Exchange.


Advancing blue
chips included Bao Viet Holdings (BVH), up 1.9 percent, and Ocean Group
(OGC) – Sept. 15's most-active share, with 2.7 million traded – up 1.3
percent


The volume of trades rose 3.7 percent over
Sept. 14's session, to 38.4 million shares, worth just over 1 trillion
VND (52 million USD).


Foreign investors returned to
being net buyers on both of the nation's stock exchanges, picking up a
net of 3.8 million shares worth 134.3 billion VND (6.9 million USD).


On the Hanoi Stock Exchange Sept. 15, the HNX-Index plunged by nearly
2.1 percent to close at 127.21 points, whiping out Sept. 14's 's gains.


About 222 codes declined, while only 59 listed stocks rallying and 30 shares closing unchanged.


Volume remained meagre, with 27.8 million shares changing hands,
generating a turnover of just 665.8 billion VND (34.1 million USD)./.

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