Thursday, 21/02/2008 17:36

SMC: explanation for peaking at the ceiling price

SMC Investment - Trading Joint Stock Company (SMC) had explanation for peaking at the ceiling price in 5 consecutive trading sessions as follows:

Business result in Q4/2007 and accumulation 2007 exceeded plan.

Steel production was good

Statistics of HOSE from January 29th 2008 to February 12th 2008:

Date

Bid volume

Offer volume

Matched volume

Closing price

Local

Foreign

Local

Foreign

29/01/2008

81,180

0

65,790

0

57,890

51,500

30/01/2008

184,520

80

20,350

200

20,550

54,000

31/01/2008

250,780

800

212,920

25,000

182,660

56,500

01/02/2008

552,720

800

202,890

60,000

262,890

59,000

12/02/2008

373,480

1,700

240,470

0

239,270

61,500

HoSE

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>   PetroVietnam nears deal for KPI, Idemitsu refinery JV (21/02/2008)

>   HSBC report blames stock slump on domestic problems (21/02/2008)

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>   Securities watchdog changes trading times (18/02/2008)

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