Monday, 04/07/2011 13:55

Shares bounce back despite sluggish trades

Benchmarks on both national bourses pared earlier losses to close in green Monday morning. On the HCM Stock Exchange, the VN-Index jumped 0.03 per cent to 425.42 points in the last minutes of the session, although losers outnumbered gainers by 115-83.

 

 

 

 

 

The value of trades marched slightly higher to VND419.1 billion (US$20.3 million), while trading volume remained similar to last Friday's figure at 23.9 million shares.

Of the 10 largest capitalised shares, only Eximbank (EIB) and Sacombank (STB) advanced 0.7 and 3.2 per cent respectively while food producer Masan Group (MSN) and estate developer Vincom (VIC) closed unchanged and six others plunged.

STB was the most active code with 3.15 million of its shares exchanged.

The HNX-Index, on the Ha Noi Stock Exchange, added 0.34 per cent to 73.01 points despite an earlier slump.

Although more than a third of all listed codes were green back, both market value and volume dropped by around 35 per cent to VND214.1 billion ($10.4 million) on 19 million shares.

Kim Long Securities Company (KLS) was the most heavily traded stock, seeing 2.87 million of its shares changing hands.

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