May 20, Stock market continues drop, VN Index plunges to below 450pts

Tuesday, May 20, 2008
Today the Ho Chi Minh City Stock Exchange (HOSE) witnessed another gloomy session, marking the 12th consecutively decreasing session. The VN Index dropped another 6.43 points or 1.41% to close at 449.24 pts with the total matching order trade of over 2.6 million shares and fund certificates worth 95 billion dong. After 12 declines, the VN Index lost 73.12 points in total.

Among 151 shares and three fund certificates being listed on the southern bourse, the stock market saw ten shares increasing, nine others stood still, three with no trades and 132 shares decreasing.

Particularly, out of ten gainers, six shares reached the ceiling price namely ITA up 1,000 dong to 74,500 and DTT, LGC, SGH, SSC, VHG, TRC, TSC, RHC and DHG.

Three shares with no trades were BTC, DPC and HBD.
DPM reached the biggest trading volume with 551,250 shares, SSI with 215,230 shares, BMI with 149,630, SBT with 109,760 and VIP with 106,660 shares.

Foreign investors bought 60 share codes and two fund certificates with the total volume of over 800,000 shares and fund certificates. Of which, SSI took the pole place with 209,050 shares, BMI with 136,810, DPM with 116,180, PVD with 62,930, ITA with 32,420 and others like TS4, ANV, HAS, DPR and VHC.

Like previous sessions, the Hanoi Securities Trading Center (HaSTC) today May 20 still kept decreasing impetus on the stock market by falling another 2.53 points or 1.84% to end at 135.21 pts with the total market trade of 1,132,700 shares worth over 26 billion dong.

Amongst 137 listed shares on the northern bourse, the stock market saw ten shares increasing while 96 others decreasing, three shares stood still and 28 shares with no trades.
Ten shares increasing were L62 added 1,000 dong, S99 +900, NVC +800, LTC and VNR +500, BCC and CJC up 400 dong, SJC +300, BTS +200 and HPC leaped 100 dong per share.

Three shares stood still including BTH, HJS and TKU.
HSC showed the strongest decline when losing 5,900 dong and followed by MIC lost 2,900 dong, ACB slipped 1,800, BVS and VSP dropped e1,600 dong per share.

PVI reached the biggest trading volume with 260,000 shares and others with below 100,000 shares.