Stock Market Continues Upward Trend (17/05)
06/08/2010 - 103 Lượt xem
The VN-Index following this morning’s session inched up 26.41 points, or 2.54%, to close at 1066.04 points with a high trading value of over VND752 billion.
73 of 110 stocks climbed dramatically, including BMC, FPT, SJS, PVD, and BMP. Of the remainder, 18 stocks fell and 19 remained unchanged.
More than 5.57 million shares changed hands for over VND752 billion, the highest amount in terms of trading value for the past ten days.
Blue-chip shares increased sharply, with BMC up by VND31,000, FPT by VND27,000, SJS by VND16,000, PVD by VND12,000 and BMP by VND10,000
STB has led the market for the past month in terms of liquidity and trading volume. Roughly 1.2 million STB shares changed hands at a value of some VND191 billion.
Viet Nam to issue US$1bil worth of bonds on international market
About US$1 billion worth of Government bonds will be officially issued on the international market this September, the Ministry of Finance announced recently.
The issue aims at mobilizing more investment for major projects being undertaken by the Vietnamese Government including the Dung Quat Oil Refinery, Vietnam Maritime Corporation’s campaign to buy transport vessels, and plans to build a power plant in Laos by the Song Da Construction Corporation.
The Ministry of Planning and Investment has estimated that over the course of the 2006-2010 period, Viet Nam will need some US$140 billion for development investment, of which US$90 billion will come from the domestic sector and the rest from various foreign capital resources.
Viet Nam’s foreign debt is currently hovering at close to 33% of the gross domestic product (GDP), which is valued as a safe rate risk by the World Bank.Today’s winners and losers
 |
Source:
