May 22, Stock market sees 14th consecutive decline

Thursday, May 22, 2008
The Ho Chi Minh City Stock Exchange (HOSE) continued falling, marking the 14th consecutively decreasing session. The VN Index dropped another 7.00 points or 1.58% to close at 434.75 pts with the total matching order trade of over 2.9 million shares and fund certificates worth 125 billion dong. After 13 declines, the VN Index lost 87.61 points in total.

Among 151 shares and three fund certificates being listed on the southern bourse, the stock market saw three shares increasing, four others stood still, two with no trades and 145 shares decreasing with most decliners reaching the floor price.

Three gainers were CII, HMC and SSC when adding 300 dong and HMC hit the ceiling price.

Two shares with no trades were ST8 and TCT.

DPM continued reaching the biggest trading volume with 483,300 shares, followed by DPR with 350,360, PVD with 155,050, SBT with 152,980, MPC with 131,380, SSI with 117,330, VIC with 90,660, IFC with 85,830 and others like ITA, HPG, KDC, NKD and ANV.

Foreign investors bought 60 share codes and two fund certificates with the total volume of 592,400 shares, of which DPM with 524,140 shares, SSI with 301,460, PPC with 200,200, PVD with 190,860, DPR with 190,200, MPC with 128,500, HPG with 104,170 shares being transferred and others like VIC, VSH, ITA and KDC.

The Hanoi Securities Trading Center (HaSTC) today May 22 still kept decreasing impetus on the stock market by falling another 2.4 points or 1.81% to end at 130.35 pts with the total market trade of 481,000 shares worth over 12 billion dong.

Amongst 137 listed shares on the northern bourse, the stock market recorded six shares increasing while 91 others decreasing, one share stood still and 39 shares with no trades.

Six gainers were YBC rose 500 dong, NVC and VTS increased 400, CTB up 300 dong, S99 +200 and L62 added 100 dong.

One share remained unchanged namely PPG.

MIC was the biggest loser when losing 2,700 dong, followed by ACB lost 1,700, BVS and VSP slipped 1,500, SCJ jumped 1,400 and NBC dropped 1,200 dong.

There were no shares reaching the trading volume of over 100,000 shares. TBC reached the biggest trading volume with 52,000 shares, followed by SVC with 44,200 and S99 with 40,400 shares being traded.