Sleepy trades drove down indices for a fourth day on Nov. 15 and caused the HNX-Index to drop below its initial level of 100 points for the first time since 2008.
The HNX-Index closed on the session at 98.48 points, a decline of nearly 3.1 percent.
The value of trades on the Hanoi Stock Exchange totalled just 390 billion VND (18.6 million USD), on a volume of only 23.2 million shares. With shares in the Song Da, PetroVietnam and Vinaconex groups dropping most sharply, 249 out of 314 listed stocks all posted declines on the day.
On the HCM Stock Exchange, meanwhile, the VN-Index closed down by over 1.8 percent to 433.54 points. Trading continued in the doldrums with only 29.4 million shares changing hands, down 33 percent from Nov. 12. The value of trades also dropped to only 636.5 billion VND (30.3 million USD).
The HCM City market on Nov. 15 saw a new listing, by construction and equipment installation company LILAMA 18 (LM8), which opened trading at a reference price of 19,000 VND (0.95 USD) per share before declining to 17,000 VND at the close.
With charter capital of 80.5 billion VND ( 3.8 million USD), LM8 has targeted earnings this year of 574 billion VND and a net profit of 17.5 billion VND. Figures for the first nine months showed the company at earnings of 369 billion VND and a net profit of over 16 billion VND – a figure comparable to the entire year of 2009. LM8 expects to pay a 12-per-cent dividend on this year's profits./.
The HNX-Index closed on the session at 98.48 points, a decline of nearly 3.1 percent.
The value of trades on the Hanoi Stock Exchange totalled just 390 billion VND (18.6 million USD), on a volume of only 23.2 million shares. With shares in the Song Da, PetroVietnam and Vinaconex groups dropping most sharply, 249 out of 314 listed stocks all posted declines on the day.
On the HCM Stock Exchange, meanwhile, the VN-Index closed down by over 1.8 percent to 433.54 points. Trading continued in the doldrums with only 29.4 million shares changing hands, down 33 percent from Nov. 12. The value of trades also dropped to only 636.5 billion VND (30.3 million USD).
The HCM City market on Nov. 15 saw a new listing, by construction and equipment installation company LILAMA 18 (LM8), which opened trading at a reference price of 19,000 VND (0.95 USD) per share before declining to 17,000 VND at the close.
With charter capital of 80.5 billion VND ( 3.8 million USD), LM8 has targeted earnings this year of 574 billion VND and a net profit of 17.5 billion VND. Figures for the first nine months showed the company at earnings of 369 billion VND and a net profit of over 16 billion VND – a figure comparable to the entire year of 2009. LM8 expects to pay a 12-per-cent dividend on this year's profits./.
