|
Stock indexes decrease sharply
Both the Ho Chi Minh City and Ha Noi bourses experienced sharp decrease by the end of the November 5 trading session.
By closing, the VN-Index at the Ho Chi Minh City Stock Exchange (HoSE) dipped 19.48 points to finish at 1,047.15 points. Over 14.5 million shares worth 1.5 trillion VND changed hands.
Blue chips including Financing and Promoting Technology Corp. (FPT), Sai Gon Thuong Tin Commercial Joint Stock Bank (STB), Song Da Infrastructure Developer (SJS), and Sai Gon Securities Inc. (SSI) fell sharply.
Influenced by the downward trend at the HoSE, the HaSTC-Index at the Ha Noi Securities Trading Centre dropped 11.33 points to 371 points.
Only 3.9 million shares worth 405 billion VND were traded.
The HoSE will soon have a major player, the Hoa Phat group, which will list 132 million shares, coded HPG, on November 15 at an initial price of 110,000 VND per share.
In 2007, Hoa Phat group expects to bring in 5 trillion VND and 500 billion VND in revenues and net profit, respectively
VNA
|
