UPCoM Index

UPCoM-Index Rallies but Closes Lower for Fifth Week

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 still was negative on the least favorite exchange where 16 stocks closed higher, 21 ended lower, seven stocks closed unmoved and 44 stocks finished without any trade.

The UPCoM-Index, the measure of 88 unlisted public companies, opened in a negative note but soon jumped above the neutral line, trimming the fifth weekly decline, as investors bet on an upturn after the benchmark slid 20% in five weeks.

The measure added 0.36 points, or 0.75%, to close at 48.61. The gauge dropped 19% from this years high on July 15, 2010 after adding 30% in two weeks before that.

The market volume rose 68% from a day earlier to 445,000 shares worth VND7 billion, nearly doubling the value yesterday.

PMT was the biggest gainer, adding 10% to VND8,800 on a trade of 13,100 shares.

In the downswing, ITD was the biggest loser, dropping 10% to close at VND18,000 on a trade of 10,100 units.

API was the most active stock on a trade of 64,000 shares, which slid 2.65% to end at VND14,700.

Foreign investors stayed on the sideline today.

Source: fpts.com.vn

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