May 16, Stock market bottom unfathomable

Friday, May 16, 2008
Stock market ended a week by another fall, marking the tenth consecutively decreasing session. The VN Index slipped another 6.63 points or 1.42% to close at 460.04 pts with the total matching order trade of 8,131,240 shares and fund certificates worth 325 billion dong. After ten declines, the VN Index lost 62.32 points in total.

Among 154 shares and fund certificates being listed on the southern bourse, the stock market witnessed 16 shares increasing, one share with no trades namely BTC, seven others stood still and 130 shares decreasing.

Key stock continued falling to floor price like STB, FPT, DPM and VNM.

Out of 16 share codes increasing, there were 11 shares hitting the ceiling price including ITA up 1,000 dong to 72,500 dong, IMP leaped 2,000 to 125,000, VHG added 500 and others such as PMS, CYC, DPR, NSC, TRC, TSC and VGP.

DPM reached the biggest trading volume with 2,270,960 shares, followed by VFMVF1 with 434,880, SBT with 416,610, HPG with 397,070, PVD with 385,360, STB with 329,920 and others like RAL, VTO, HSI and PPC.

Foreign investors bought 102 shares and two fund certificates with the total volume of over 1.5 million shares, of which DPM took the first place with 211,180 shares, followed by PVD with 158,280, HPG with 95,740, VNM with 87,100, ITA with 85,760 and SSI with 70,820 shares changing hands.

Similar to the southern bourse, the Hanoi Securities Trading Center (HaSTC) today May 16 still kept decreasing impetus from previous trading sessions on the stock market by falling another 2.35 points or 1.65% to end at 139.74 pts with the total market trade of 4,476,200 shares worth over 138 billion dong.

Amongst 136 listed shares on the northern bourse, the stock market recorded 14 shares increasing while 108 others decreasing, two shares stood still and 12 shares with no trades.

14 shares increasing were L62 and SDC up 900 dong per share, CJC +700, CAP and VTL +500, POT, TBC and VFR+300, KBC and TKU +200, BBS, BCC, CIC and PPG added 100 dong per share.

Two shares stood still namely HNM and XMC.
12 shares with no trades were B82, C92, CID, DTC, HBE, HPS, HSC, KMF, LBE, LUT, NPS and SD3.

MIC kept being the strongest decliner when losing 3,000 dong and followed by BVS slipped 1,600, ACB and RCL dropped 1,500 and SD2 lost 1,400 dong per share.

ACB reached the biggest trading volume with 534,900 shares, followed by PVS with 417,900, DBC with 291,600, PVI with 249,600, PAN with 198,200, NTP with 191,300, TBC with 160,400, NBC with 139,700 and NLC with 130,400.