Shares rebound after 2-day decline

December 17, 2010 | 14:31

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Shares rebounded today on both the Ho Chi Minh City and Hanoi stock exchanges after two declining sessions, with seventy-four per cent of codes posting gains this morning.

In Ho Chi Minh City, the VN-Index climbed 1.06 per cent to finish at 485.29.

Market volume fell slightly, however, to just over 74.1 million shares worth VND1.8 trillion ($90 million).

Advances outnumbered declines 215-32.

Of the ten largest capitalised shares, only two - Bao Viet Holdings (BVH) and Vincom Co (VIC) - dropped to their floor prices, while the others all rose, with Vietinbank (CTG), Phu My Fertiliser (DPM), PetroVietnam Finance (PVF) hitting their ceiling.

Banks and securities companies also performed strongly today.

Vietcombank (VCB) and Saigon Securities Inc (SSI) rose to their ceiling, while Agribank (AGR) increased 3.8 per cent; Sacombank (STB), 1.8 per cent; Eximbank (EIB), 1.2 per cent; and Sacombank Securities (SBS), 0.3 per cent.

Tan Tao Investment Industry Corp (ITA) - with 4.82 million shares sold - was again the most active share. It closed at VND17,100 ($0.81).

In Hanoi, the HNX-Index jumped 3.7 per cent to finish at 119.7.

Market volume reached 57.4 million shares worth VND1.11 trillion ($55 million).

Gains outnumbered losses 259-55.

All bank and securities shares rose, with Sai Gon-Ha Noi Bank (SHB), Au Viet Securities (AVS), Bao Viet Securities (BVS), Sai Gon-Ha Noi Securities (SHS), VNDirect Securities (VND) and Kim Long Securities (KLS) hitting their ceiling.

Kim Long Securities (KLS) was also the most active share nationwide with over 7 million changing hands.

VNS

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