Business

Markets bound into new month

March came in like a lion on the domestic stock exchange – or at least like a healthy tomcat – as the VN-Index began the new trading month on March 1 with a gain of 1.23 percent, bringing the nation’s leading share index back above the psychologically important 500 mark to a close of 503.01 points.
March came in like a lion on thedomestic stock exchange – or at least like a healthy tomcat – as theVN-Index began the new trading month on March 1 with a gain of 1.23percent, bringing the nation’s leading share index back above thepsychologically important 500 mark to a close of 503.01 points.

The value of the day’s trades on the HCM Stock Exchange totalled 1.25trillion VND (65.8 million USD), as trading volume continued to pick upsteam, reaching a total of 34.4 million shares. Sacombank (STB) was themost active share, with 3.5 million traded, although Vinh Son – SongHuynh Hydro-power (VSH) made an impressive showing, with a volume of2.6 million shares.

On the Hanoi Stock Exchange, the HNX-Index charged into the new monthby an even more impressive 2.37 percent, ending the session at 166.68points. Value reached a total of 629.6 billion VND (33.1 million USD)on a volume of 19.5 million shares, 40.2 percent heavier than Friday’svolume.

Kim Long Securities (KLS) was again the most active share on thenorthern market, with 4.25 million changing hands. The firm announcedon March 1 that it would pay a 3.5-percent cash dividend on 2009profits, with March 10 the deadline for shareholders to participate./.
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