Stock Market Capital Mobilization Reaches 5.3 Trillion VND by Half-Year Mark

VNStockNews.com - The State Securities Commission (SSC) of Viet Nam reported that 30 organizations were licensed to publicly offer a total of approximately 412 million shares, worth more than VND 4.1 trillion. There were 17 auction sessions, which added to a total value of nearly VND 1.2 trillion.

In the first six months of 2009, capital mobilization through the stock market reached more than VND 5.3 trillion, nearly 20 percent of the total capital mobilized in 2008 (VND 29 trillion).

The VN-Index closed off at 460.02, a loss of 0.21 percent while the HNX-Index on the Hanoi Stock Exchange decreased by 1.94 points to close at 153.8, a loss of 1.25 percent. Market value on UPCoM fell 20 percent from the previous trading session to 4 billion VND on a volume of nearly 278,000 shares. Market leader SME Securities accounted for 60 percent of the volume, but with only about 170,800 shares traded.

The trading volume on the Ho Chi Minh City Stock Exchange slowed to 27 million shares, worth a combined 1.1 trillion VND.

The OTC market saw few investors. The price of the Military Bank’s shares (MB) was 31,600 VND per share while the Export and Import Bank’s shares (EIB) cost 26,000 VND per share. (TT)