UPCoM Index

UPCoM-Index Bucks Trend on Investor Upbeat

The UPCoM-Index, the measure of 88 unlisted public companies, climbed for a second day in a row, topping the 50-point sentimental threshold, as investors were upbeat with strong rally on HOSE and HNX, the two official exchanges in Vietnam.

The measure added 1.66 points, or 3.39%, to close at 50.58. Last week, the benchmark lost 3.03% - the fourth weekly decline.

The gauge dropped 16% from this years high on July 15, 2010. It was created at a starting base of 100 points on June 24, 2009 but it has never been back to that level.

The market breadth was positive on the least favorite exchange where 37 stocks closed higher, 12 ended lower, one stock closed unmoved and 38 stocks finished without any trade.

The market volume improved from last Friday, totaling 653,000 shares worth VND10.45 billion.

BTW was the biggest gainer, adding 10% to VND11,000 on a trade of 73,000 shares. The stock was also the most active on the gauge.

In the downswing, HPP was the biggest loser, dropping nearly 10% to close at VND29,900 on a trade of 4,000 units.

Foreign investors did not make any trade today.

Source: fpts.com.vn

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