Stock Market: VN-Index Rises Slowly

In the first trading day of the week (June 26), the VN-Index was down 7.68 points to close at 502.94 points. The total trading value in the day reached VND289 billion (US$18 million). According to the judgment of the Vietcombank Securities Co. (VCBS) based on the vacillating psychology of many investors via the Securities Forum, the VN-Index will drop below the 500-point benchmark again in the last trading sessions of June, of the second quarter and of the whole first six months of 2006 because the supply will probably surpass the demand. If this is the case, a number of individual investors will be negatively influenced by the buy-purchase psychology. 

 

Recently, foreign investors always kept purchasing value higher than selling value. The most wanted stocks were VNM (38,050 stocks), CII (34,120 stocks), REE (18,600 stocks), GMD (14,150 stocks), SAM (13,000 stocks), TYA (11,100 stocks) and AGF (9,480 stocks), all large listed firms. In addition, foreign investors internally transferred 300,000 VNM shares valued at 24 billion (US$1.5 million), or VND80,000 a share.

 

The June 27 trading day saw a more positive market movement. Eleven stocks reduced prices, 15 stocks increased and 11 remanined unchanged. The total trading session value hit a new record at VND667 billion (US$41.69 million).

 

On June 28, the market signalled a slow increase. The VN-Index rose 0.95 of a point in the first session, 2.72 points in the second session and 4.90 points in the third session to close at 506.46 points. Twenty-five stocks increased in price and only three suffered price falls. The price rise of key stocks played an important role in raising the VN-Index. The three devaluing stocks of SAV (down VND100), SGH (down VND300) and TS4 (VND400) had little impact on the rise movement because they are small stocks on the market.

 

Despite the falling price of NAV of the VF1 Fund by VND10 billion (US$625,000) after five weeks of consecutive rise, the demand for VF1 was still high in the first two days of the week and soared on the third day. In all three days, VF1 matched at VND30,400 a certificate, an increase of VND800 (up 2.7) against the reference price. The total order-matching volume was 131,550 certificates, up 124 per cent compared with the previous session.

 

In the week, the bond trading was on the go. As many as 2.53 bonds of six codes traded today raised the transaction value of the session to VND303 billion (US18.96 million) and the combined trading value of the three sessions to over VND1,000 billion (US$62.6 million).

 

Trading session on June 29

5 stocks with highest price rise
Code	Opening price	Matching price	Volume	Change	per cent
DHA	81	83.5	44190	+2,500	3.09 per cent
GIL	43.2	44.9	3700	+1,700	3.94 per cent
NKD	76.5	78	3010	+1,500	1.96 per cent
TYA	48.4	49.5	85370	+1,100	2.27 per cent
SSC	59	60	630	+1,000	1.69 per cent

 

 

5 ccá» phiiáºu có khhá»i llÆ°á»ng khhá»p llá»nh nhiiá»u nhháºt
Code	Opening price	Matching price	Volume	Change	per cent
VFMVF1	29.6	30.4	131550	800	2.7 per cent
VNM	79	80	93070	1,000	1.27 per cent
TYA	48.4	49.5	85370	1,100	2.27 per cent
REE	80	81	60000	1,000	1.25 per cent
CII	33	33	54880	0	0 per cent