OTC Market News

OTC market recap week ending 17 July: Market slides, trading slows   2009-07-17 - SanOTC

Financial stocks

Right after the debut, CTG of Vietinbank fell to ground floor for 2 straight days  38,100 VND a share. This increased the fear of further going down in bank shares.

MB fell from 29,000 VND to 28,000 VND a share this week and the buying –selling activities were also low. The bank has just finished selling 1000 billion VND 2 year bond.

Eximbank officially announced record time by 17:00 July 31 for beneficiary shareholders of  22% dividend in stock to increase charter capital to 8.8 trillion VND. However, EIB stock price was down to 25,800 VND a share.

EAB stock was also down 1000 VND a share to 25,000 VND a share despite the news that the bank has been approved to offer existing shareholders 52 million more shares for the par value of 10,000 VND a share. The price has been announced and the issuing time was 90 days. EAB also announced pre-tax profit in the first 6 months of 2009 of 385 billion VND.

Other banking stocks was down from 200-1000 VND a share, liquidity was dry:  TCB at 39,000 VND; ABB at 13,500 VND; VPB at 15,300 VND; MSB at 19,500 VND; OCB at 13,800 VND; VAB at 10,000 VND; SCB at 18,000 VND and HDB at 13,000 VND.

Securities stocks were sluggish. FPTS at 13,200 VND, DVSC at 9,000 VND; PVSC at 11,000 VND;  WSS at 12,500 VND  and TVSC at 10,000 VND.

Stocks of other groups

Most stocks fell gradually except for some to-be-listed ones.  On the up side; PvgasD was up at 39,000 VND; Sabeco was up  at 36,500 VND; DIC as at 55,000-56,000 VND; Intresco at 45,500 VND; Sacomreal unchanged at 19,800 VND. 

 On the down side, Masan was down to 65,500 VND, Pvcoms down 700 VND to 17,000 VND; BSHC at 13,800 VND; Nosco at 15,700 VND; Ftelecom at 70,000 VND; Vinacafe at 67,000 VND; Petroland at 9,000 VND; Habeco at 35,000 VND; Tanimex at 50,000 VND; coteccons at 64,500-65,500 VND; Mekophar at 69,500 VND and TamPhuoc at 12,500 VND… 

UPCoM market was traded in the week 4  and for this week it gained 0.02 point to 72,47 volume was falling down. The market welcomed the 11^th member ABI on 16 July.