The Fiftieth Stocks in Ho Chi Minh Bourse

HSTC has welcomed new comer share in reduce prices of market tendency. (Photo: T.C)

In the morning session, the new comer Dong Nai Roofsheet & Construction Material Joint-stock Company (Donac) has down its market price to floor at VND31,400 with the large selling volume. This is the 50th stock to trade on the Ho Chi Minh City Securities Trading Center (HSTC).

Donac listed nearly 12.1 million DCT shares with the total listing value of VND120.09 billion (US$7.5 million).

In its debut session October 10, there were more than 12 million DCT shares changing hands, priced at VND32,000 each with the trading volume of VND3.29 million.

The company is leading in roofing sheet supply with about 40% in market share. Donac invested in a cement grinding station, 1 million tons/year in capacity, at the Nhon Trach Construction Material Group in southern Dong Nai Province.

The company expecting its turnover of next year VND208 billion (US$13 million) and will reach over VND1 trillion (US$62.85 million) in 2009.

The VN-Index today fell 2.51 points (0.48%) to 524.67.

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By Tuong Chau

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