Index charges back above 300 points

Hanoi (VNA) - The VN-Index added to its strong performance last Friday (Dec. 12)
by breaking back above the 300-point level on Dec. 15, adding 2.92 percent on the
day to close at 308.28.

The market saw 9.85 million shares changing hands, of which market-leader
Sacombank (STB) alone accounted for 1.91 million.
Trading in HCM City exchange saw a total turnover of 243.53 million VND
(14.5 million USD).
"The up and downs of the market still depend on the investor's psychology,"
commented Vu Duc Nghia, an analyst with Bien Viet Securities.
Nghia also noted that the market was tracking Asian shares generally, which
continued to climb on Dec. 15 on hopes of a bailout for the US auto industry.

In Hanoi , the HASTC-Index also had a strong day, jumping 4.15 percent to close
at 110.30, with 9.38 million shares traded. The total value of the day's trades
- at 233.61 billion VND (13.9 million USD) - nearly matched the value reached by
the larger HCM Stock Exchange. Asia Commercial Bank (ACB) was the most active
stock, with 2 million shares traded, followed by contractor Vinaconex Group (VCG),
at 959,000, and Kim Long Securities (KLS), at 877,800. -Enditem