UPCoM Index

Investors sold off shares on UPCom Index

The UPCoM-Index, the measure of 88 unlisted public companies, retreated much more than it gained yesterday as investors sold off shares on fears of continued slumps dragged by HOSE and HNX - the two main bourses in Vietnam.

The measure added 0.62 points, or 1.27%, to close at 48.25. The gauge dropped 20% from this years high on July 15, 2010 after adding 30% in two weeks before that.

The benchmark 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 negative on the least favorite exchange where 12 stocks closed higher, 32 ended lower, two stocks closed unmoved and 42 stocks finished without any trade.

The market volume surged to 265,000 shares worth VND3.55 billion, down from 6.38 million shares valued at VND69.27 billion yesterday.

ACE was the biggest gainer, adding 9.79% to VND25,800 on a trade of 100 shares - the smallest volume required for a trading order.

In the downswing, TCO was the biggest loser, dropping 9.95% to close at VND19,000 on a trade of 1,600 units.

PSB was still the most active stock on a trade of 72,000 shares, which surged 6.8% to end at VND11,000.

Foreign investors stayed on the sideline today.

Source: fpts.com.vn

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