June 19, First session with new stock trading band, VN Index falls strongly

Thursday, June 19, 2008
The cautious psychology of investors in the first trading session being applied the new price vibration amplitude of shares and fund certificates on both floors Ho Chi Minh City Stock Exchange (HOSE) and Hanoi Securities Trading Centre (HaSTC) made the stock market less ebullient. The hope of a market with more recoveries after having four satisfactory trading sessions was extinguished in the session yesterday June 18 when a large volume of shares were offering for sale, a much higher volume against the orders to buy although the demand still being remained at high level.

Ending the session today June 19, the VN Index lost 8.8 points or 2.3% to 373.27 pts with the total matching order trade of 5,243,980 shares worth 172 billion dong, falling one fourth in volume and 72.7% in value in comparison with the previous session.

HOSE today welcomed a new member coded VKP of Tan Hoa Plastic Joint Stock CO with the total volume of shares being listed on the southern floor of eight million shares and the comparative price of 55,000 dong and vibration amplitude of +/-20%, bringing the total share codes being listed on the southern bourse to 152 shares and four fund certificates. The session today witnessed six shares increasing, seven stood still, two with no trades and 141 decreasing.

Among gainers, ITA added 2,000 dong to 74,000 dong per share, AGF up 700 to 25,000, DPR leaped 1,300 to 47,500 and others like COM, BHS and SDN.

With a new vibration amplitude but most of 141 losers fell to the floor price.

The new recruit VKP lost 11,000 dong to 44,000 dong per share with 520 shares being traded.

DPM stood at the first place in trading volume with 935,160 shares, followed by SSI with 361,810, HPG 244,480, PVD 198,840 and others such as PPC, VSH, PRUBF1, VIC and VIP.

Similarly, the Hanoi Securities Trading Center (HaSTC) today June 19 continued falling on the stock market as the HaSTC Index slipped to 112.6 points after losing 1.34 pts or 1.18% with the total market trade of increasing considerably to 1,333,400 shares worth over 26 billion dong.

Amongst 139 listed shares on the northern bourse, the stock market witnessed three shares increasing while 106 others decreasing, one remained unchanged and 29 with no trades.

Three shares increasing were DTC up 1,700 dong, SJC added 700 dong and BLF jumped 300 dong per share.

The sole share stood still namely YSC.

29 shares with no transactions including B82, BHV, C92, CID, CTB, DAC, HBE, HCT, HLY, HPS, HSC, HUT, KMF, L62, LBE, LTC, LUT, NGC, NPS, PSC, SD3, SDY, SIC, SNG, STC, TPH, TST, VC3 and YBC.

KBC was the biggest decliner when losing 3,400 dong, followed by MIC lost 2,600 dong, ACB slipped 1,800 and RCL and SD2 dropped 1,500 dong per share.

BLF reached the biggest trading volume with 153,000 shares and the others with below 100,000 shares being traded.