Ha Noi (VNA) – The VN-Index at the Ho Chi Minh City Stock Exchange (HoSE) slid 5.16 points to finish at 903.09 points by the end of the January 4 trading session.
A total of 6.3 million shares worth 610 billion VND were traded during the session.
Some blue chippers, including Financing and Promoting Technology (FPT), PetroVietnam Drilling and Well Services (PVD), Cables and Telecom Materials (SAM) and Thu Duc Housing Developing (TDH) experienced drops of between 1,000 VND and 3,000 VND per unit.
Many investors said the VN-Index can hardly stay above the 900 point benchmark unless there is positive information in the coming days.
By the close of trade in Ha Noi, the HaSTC had declined by 4.09 points to end at 310.45 points with 1.5 million shares worth 133 billion VND being traded.
Strong decreases were seen in the prices of Bao Viet Securities (BVS) (12,000 VND per unit), Hai Phong Securities (HPC) (20,000 VND) and the group of Song Da construction shares (between 5,000-8,000 VND)
The bourses received no help from the information that the Viet Nam Association of Financial Investors (VAFI) has asked the Prime Minister to raise the ceiling on foreign stake in banks.
However, the room rate for foreign investors will be adjusted anyway to match with Viet Nam ’s commitments during the integration process of the nation’s securities market by 2010.-Enditem
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