STOCK INDEXES TUMBLE ON BOTH VIETNAMESE BOURSES

HANOI, Apr 11, 2008 (AsiaPulse via COMTEX) -- -- Both the Ho Chi Minh City and Hanoi bourses suffered big losses as most shares plunged to their floor prices during the April 10 trading session.

The VN-Index at the Ho Chi Minh City Stock Exchange (HoSE) dipped 6.32 points or 1.14 per cent to finish at 545.73 points.

More than 10 million shares, worth over VND447 billion (US$27.9 million), changed hands with 90 per cent hitting floor prices.

Hau Giang Pharmaceuticals (DHG) topped the list of losers by having VND3,000 wiped off its listed price, followed by Binh Dinh Minerals (BMC), Kinh Do Corp (KDC), North Kinhdo (NKD) and Tu Liem Urban Development (NTL-PT), all losing VND2,000 per share.

Foreign investors bought over 3.6 million shares of 65 codes, including Phu My Nitrogenous Fertiliser (DPM), Vinamilk (VNM) and Pha Lai Thermal Power (PPC).

The Hanoi Securities Trading Centres HaSTC-Index experienced the third consecutive fall after losing 4.17 points or 2.16 per cent to end at 189.04 points.

More than 1 million shares were sold at over VND52 billion (US$3.2 million), declining by VND120 billion (US$7.5 million) against the previous session.

(VNA)

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