Markets enjoy robust trading

Vietnam’s benchmark VN-Index jumped the 13th day on September 13 as investors rushed to buy shares on confidence that the rising trend will prolong.

The shares of 295 companies and five closed-end funds listed on the Ho Chi Minh City Stock Exchange leaped forward 1.4 percent, or 6.47 points, to close at 469.4 points.

Of the index, 229 stocks gained, 39 lost, while 32 remained unchanged.

Trading on the city bourse rose by 25 percent in both volume and value over the previous day as around 68.36 million shares changed hands at a value of VND1.17 trillion.

Saigon Securities Inc. (SSI), the country’s largest brokerage, won the spot of most active share in volume with 3.98 million shares traded.

Tan Tao Investment & Technology Joint Stock Company (ITA) followed with 3.1 million shares changing hands.

Licogi 16 Joint Stock Company (LCG) came next with 2.82 million shares.

Viky Plastic Joint Stock Company (VKP) increased 5.88 percent to close at VND1,800.

Other gainers on the city bourse included Binh Chanh Construction Investment Shareholding Company (BCI), Southern Rubber Industry Joint Stock Company (CSM), and Investment and Trading of Real Estate Joint Stock Company (ITC).

Nam Kim Steel Joint Stock Company (NKG) dived 21.78 percent to VND15,800. The company will pay dividends for the second term of the year 2010 to its current shareholders at a ratio of 34 percent, of which 30 percent is by shares and 4 percent in cash since October 20.

Ha Tien Transport Joint Stock Company (HTV) slashed 6.25 percent to VND10,500.

Binh Duong Mineral & Construction Joint Stock Company (KSB) submerged 5 percent to VND47,500.

Meanwhile, the Hanoi’s HNX-Index of the smaller bourse in the north bounced 0.95 percent, or 0.72 points, to finish at 79.25 points. Trading on the northern floor reached 61.89 million shares changed hands at VND771.31 billion.

The UPCoM-Index of unlisted shares also inched up 0.06 percent, or 0.02 points, to 31.69 points. A total of 327,700 shares changed hands at a value of VND1.62 billion at 2:30 pm local time.

By Da Nguyet

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