Vietnam shrs: VN-Index 110.36, +1.58%
HANOI - Shares on Vietnam's Securities Trading Center, or STC, closed higher Friday on slightly weaker trade
than in the previous session as shareholders held on to their stocks, which are slowly appreciating in value, a STC official said.
Total trade was valued at 240.28 million dong ($1=VND14,089) - lower than the previous VND291.35 - and the official
VN-Index closed at 110.36, up 1.72 points, or 1.58%, from Wednesday's close.
A total of 13,600 shares were traded on the exchange.
Trade on Vietnam's new exchange takes place every Monday, Wednesday and Friday. Shares in four companies, as well as
one government bond, are offered to the public.
During trade Friday, Sacom shares gained VND300 to close the day at VND18,700 after slim trade of just 300 shares.
REE also rose VND300 per share to close at VND17,800 after trade of 11,000 shares. Of that, 4,900 shares were newly
released to the market Friday by REE.
As reported, a company official told Dow Jones earlier Friday that REE plans to release an additional 30,000 shares to the
public over the next three months.
Trade in Hapaco stock, meanwhile, stood at 2,300 shares. Of that total, 1,000 shares were new stock released by the
company Friday, an STC official said.
Hapaco stock gained VND300 to end the session at VND16,900.
Transimex shares were still untraded because buy offers placed at around VND14,200 per share weren't matched by sells, the
STC official said.
He noted that investors offered Friday to buy around 46,000 Transimex shares.
The 5-year, 6.5% annual yield, government bond, or CP1_0100, was untraded Friday. In the last trading session Wednesday,
the bond closed at VND100,600.
Vietnam's next trading day is Monday.
By Catherine McKinley - Dow Jones Newswires - August 11, 2000.
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