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Stock indexes go down before Christmas

24/12/2007 -- 4:05 PM

Ha Noi (VNA) – The Vietnamese stock market saw a remarkable decrease in both volume and value on the first day of the week.

The downward trend was attributed to foreign investors’ cooling-off on Christmas.

By the end of the December 24 trading session, the VN-Index at the Ho Chi Minh City Stock Exchange (HoSE) dropped 4.21 points to finish at 930.86 points. Close to 5.7 million shares, worth 525 billion VND, were traded.

Up to 76 shares decline while 28 rallied for gains and 34 remained unchanged.

Blue chips FPT Corp. (FPT), Refrigeration Electrical Engineering Corp. (REE), Cables and Telecom Materials (SAM), Tan Tao Industrial Park Corp. (ITA), and Vinamilk (VNM) experienced decreases of between 1,000 VND and 2,000 VND per share.

Meanwhile, second-rate shares like Hangxanh Motors Service (HAX), Hoa Binh Construction & Real Estate Corp. (HBC) and Hai Phong Paper (HAP) made gains during the session.

The Ha Noi Securities Trading Centre’s HaSTC-Index also fell 2.42 points to close at 331.57 points with around 2.2 million shares, worth 233 billion VND, changing hands.

On the day, more than 1.6 million shares of the Hoa Cam Concrete Joint Stock Company (HCC), worth 16.23 billion VND, were officially put into transaction, raising the total number of shares listed on the Ha Noi bourse to 110.

With a charter capital of 16.23 billion VND, the HCC involves in producing concrete products and building bridges, roads and irrigation works.-Enditem

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