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Stocks rebound slightly after dip   2008-07-09 - ThanhNienNews

The Ho Chi Minh Stock Exchange Tuesday rebounded after Monday’s slight fall, the result of heavy selling as investors took profits from a 10-day rally.

The VN-Index, the gauge of 153 leading companies and four closed-end funds, edged up 0.82 point, or 0.18 percent, to close at 436.71.

Trading volume decreased to 15.3 million shares, compared with Monday’s 25.3 million.
Of the index members, 84 fell and56 gained.
Foreign investors Tuesday remained net buyers, purchasing shares worth VND81 billion (US$4.8 million).
PetroVietnam Fertilizer and Chemical Joint Stock Company, PV Drilling, Vietnam Tanker, technology giant FPT Corp. and Vinh Son Hydropower were among foreign investors’ favorite stocks Tuesday.
The Hanoi stock exchange also made a slight gain, with the HaSTC-Index rising 0.35 point, or 0.28 percent, to end the day at 125.13.

STOCK BRIEFS
Viconship gets nod to issue more shares
Vietnam Container Shipping Joint Stock Company, known as Viconship, received approval to list 1,587,294 additional shares on the HCMC exchange, according to a report on the exchange’s website Tuesday.
Agriculture material supplier exec’s relative to cut stake
Techno-Agricultural Supply Joint Stock Company said Pham Van Hung, brother of chairman Pham Van Tuan, would begin selling 14,000 of his 15,555 shares tomorrow.
His stake in the firm will reduce to 0.019 percent from 0.18 percent, according to the exchange.



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