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VN-Index decline on profit taking   2009-05-29 - Viet Nam News

The VN-index finally yielded to the building profit-taking pressure of the last three sessions to close down yesterday to 415.45, a loss of 2.29 per cent.

In Ha Noi, the HASTC-Index was also down at 142.3.

Losers outnumbered gainers by 120 to 51, and volumes dropped 17.85 per cent from Wednesday's brisk session on the HCM City Stock Exchange, reaching a still-respectable 47.4 million shares and attaining a combined value on the day of VND1.55 trillion (US$87.6 million). Foreign investors accounted for 1.3 million of the day's trades.

Sacombank (STB) remained the most-active share on Thursday, with nearly 5.5 million traded, accounting for 11.58 per cent of total market volume. STB shares closed down VND900 to VND26,100.

Khanh Hoa Power Co (KHP) saw the strongest increase on the day, closing at VND19,000 on a volume of 435,000.

Viet Nam International Securities Co wrote in its daily report that investors were worried the VN-Index had reached a resistance point and was going to weaken again.

In Ha Noi, the HASTC-Index was also down at 142.3. The value of the day's trades on the northern bourse was VND747.6 billion on a volume of 26.5 million shares.

Asia Commercial Bank (ACB) was the most-active share, with a volume of 4.2 million, followed by Kim Long Securities (KLS) at 3,4 million.



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