VN-Index flirts with 500 point mark

09/05/2008 -- 11:20 AM

Hanoi (VNA) – “Nothing can stop the VN-Index from falling,” moaned one investor at the Hanoi office of Habubank Securities as she watched the VN-Index slip to nearly the 500-point mark at the end of the May 8 trading session. The Index ended the day at 507.94, a plunge of 1.42 percent. Volume was anemic, at only 4.55 million shares, while the value of the day’s trades was a mere 229.30 billion (14.33 million USD). Following a string of falling sessions in which a few shares in consumer goods or healthcare sectors had performed well, there were no bright spost in the day’s session. Only Vincom (VIC), Vinpearl (VPL) and Itaco (ITA) managed to stave off significant declines. Phu My Fertilisers (DPM) and Pha Lai Thermal Power (PPC) were the day’s most active shares, mostly in their ability to attract some internet from foreign investors. In Hanoi, the HaSTC-Index also slipped 1.99 point to close at 157.42. Trading volume was a mere 798,700 shares, worth a total of 25.63 billion (1.6 million USD) – Enditem
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