VN-Index returns to losing ways

Hanoi (VNA) - The VN-Index retreated another 5.55 points on Feb. 10 to close at 282.02, a loss of 1.93 percent.

The decline came despite a Ministry of Finance move on Feb. 6 to delay
implementation of the new income tax law and wider implementation of the
government's subsidised-interest loan programme for enterprises.

Trading volume barely improved, reaching 5.9 million shares, for a total value on
the day of 159.87 billion VND (9.4 million USD). There were 120 losers and only 32
gainers.

Foreign investors were net buyers on Feb. 10 of about 324,000 shares with a net
purchase value of 8.2 billion VND (482,000 USD).

Four more listed firms were put under observation by the HCM Stock Exchange on Feb.
9 due to the losses they suffer last year, raising further investor concerns and
dragging down the market, FPT Securities analysts said.

These included Refrigeration Electrical Engineering Corp (REE), Viet-Han Corp (VHG),
Vitaly Joint Stock Co (VTA) and Bien Hoa Sugar Joint Stock Co (BHS).

On the Hanoi market, meanwhile, the HASTC-Index slid 2.54 percent to close at
93.02, on a trading volume of 3.3 million shares, worth 70.5 billion VND (4.14
million USD).-Enditem