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View Full Version : Stocks fall after sharp rise



kieudiemvje
30-12-2010, 08:45 AM
On Dec. 29, stocks began falling after Tuesday's explosive trading. The VN-Index at the HCM (http://finance.vietstock.vn/StockDetail.aspx?scode=HCM&q=HCM&language=en) City market closed off 0.12 per cent lower at 478.75 points.
Trading volume remained heady at 61.8 million shares valued at VND1.5 trillion (US$71.4 million).
About 145 share prices fell, with Vien Dong Pharmaceutical (DVD (http://finance.vietstock.vn/StockDetail.aspx?scode=DVD&q=DVD&language=en)) and Sieu Thanh Corporation (ST8 (http://finance.vietstock.vn/StockDetail.aspx?scode=ST8&q=ST8&language=en)) showing the heaviest declines – VND2,200 each.
This was followed by Ha Nam Mineral (KSH (http://finance.vietstock.vn/StockDetail.aspx?scode=KSH&q=KSH&language=en)), down VND1,900, and Idico Infrastructure Development Investment (HTI (http://finance.vietstock.vn/StockDetail.aspx?scode=HTI&q=HTI&language=en)), down VND1,500.
Blue chip stocks Masan Group (MSN (http://finance.vietstock.vn/StockDetail.aspx?scode=MSN&q=MSN&language=en)) and property trader Vincom (VIC (http://finance.vietstock.vn/StockDetail.aspx?scode=VIC&q=VIC&language=en)) were the only two big companies to advance. MSN (http://finance.vietstock.vn/StockDetail.aspx?scode=MSN&q=MSN&language=en) rose VND2,500 and VIC (http://finance.vietstock.vn/StockDetail.aspx?scode=VIC&q=VIC&language=en), VND3,000.
In Ha Noi, the HNX-Index fell 1.64 per cent to 112.93 points, with decliners outperforming advancers by 199:106.
Volume remained high at 50.7 million shares worth VND1.1 trillion ($52.8 million).
Bao Viet Securities (BVS (http://finance.vietstock.vn/StockDetail.aspx?scode=BVS&q=BVS&language=en)) was among the big stocks to gain points, rising VND1,400 to VND28,900.
Thang Long Company (VTL (http://finance.vietstock.vn/StockDetail.aspx?scode=VTL&q=VTL&language=en)) fell the most – VND2,900. It was followed by Huy Thang Construction (HTB (http://finance.vietstock.vn/StockDetail.aspx?scode=HTB&q=HTB&language=en)), down VND2,300; Petrolimex Ha Noi Transportation and Trading (PJC (http://finance.vietstock.vn/StockDetail.aspx?scode=PJC&q=PJC&language=en)), down VND2,200; and Ha Noi South Housing and Urban Development (NHA (http://finance.vietstock.vn/StockDetail.aspx?scode=NHA&q=NHA&language=en)), down VND1,900.