3:26:33 PM | 7/8/2005
New Investment Chance Reduces Transactions at
The VN-Index decreased slightly last week to close at 237.01 points on Friday (March 11), 0.77 points, or 0.3% lower than the closing level of the previous week with three trading days down and two up.
The birth of the Hanoi Securities Trading Centre (HASTC) on March 8 attracted a considerable number of local and foreign investors to the new market, where has seen successful shares auctions of two State-owned enterprises - POSTEF under the Vietnam Post & Telecommunications Corp. and Vinh Son-Song Hinh Hydropower plant under Electricity of Vietnam - last week with total proceeds from shares sales of VND487 billion ($31 million).
Dividend payments of some listed firms were also attributed to the decrease of VN-Index, according to one stock trader in
Bim Son Packing, or BPC, and Chau Thoi Concrete, or BT6, set March 10 as ex-dividend date for payment of VND700 and VND800 per share, respectively, leading to their price
The prices of 11 kinds of stocks decreased with HAP shares tumbling the most by 3.3% per share (or VND800). The prices of 9 other stocks remained unchanged while 7 stocks closed higher with TMS soaring by 2.8% (VND900 each share).
On-floor stock trading volume went down by 3.2% to 738,990 shares last week from 763,680 shares previous week. The trading value decreased by 8.6% to VND18.5 billion from VND20.2 billion.
Foreign investors bought 30,590 shares while sold 28,820 shares on-market last week, compared with 91,890 shares while sold 18,380 shares, respectively during the previous week. They also bought 108,000 shares off-market from local investors last week, compared with 170,800 shares.
Meanwhile, local investors traded 260,000 shares off-market with total value of over VND7.3 billion.
Investors traded 166,940 VFMVF1 certificates of Vietnam Fund Management on-floor with the week closing price of VND9,000 each, compared with its net asset value (NAV) of VND10,411 on February 7. Of which, 20,700 certificates were bought buy foreigners.
Bien Hoa Confectionery, or BBC, was last week’s most active traded stock with 139,910 shares changing hands on-floor worth VND2.3 billion, accounting for 18.9% of the market volume and 12.4% of the total turnover on-floor.
BBC shares ended VND100, or 0.6% lower during the week to close at VND16,400.
Institutional investors traded 3,788,540 government and bank bonds worth total VND406.8 billion last week, compared with 6,934,040 bonds and VND712.4 billion in the previous week.
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