Stock indexes further down, investors get stuck

20/02/2008 -- 6:15 PM

HCM City (VNA) – The local stock market experienced the third consecutive fall from the beginning of the week as stock indexes at both bourse decreased on February 20 trading session. By closing, the VN-Index at the Ho Chi Minh City Stock Exchange (HoSE) dipped 31.87 points to end at 744 points with 12 million shares worth over 1 trillion VND changing hands. Blue chips as Financing and Promoting Technology Corp. (FPT), Kinh Do Corp. (KDC) and An Giang Fisheries Import and Export JSC (AGF) suffers the strongest losses. The HaSTC Index at the Ha Noi Securities Trading Centre (HaSTC) finished at 257.17 points, down 11.02 points. Prices of most of shares at the HaSTC decreased, leading to a lower trading value and volume of 300 billion VND and 4.1 million shares, respectively, compared to the previous session. According to experts, the State recent adjustment in monetary policy has led to the deep decline of the stock market. Investors, who spend a lot on the stock market, are really get stuck. Either selling out or purchase shares at the time cause great loss to them.-Enditem
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