Market rallay ends on profit-taking

Hanoi (VNA) - The VN-Index fell back in March 30's trading, losing 1.75 percent to end the day at 282.38, as investors shifted to profit-taking following last week's five-day rally.

Declines outnumbered gainers by 106 to 46, while trading volume remained brisk, at
25.3 million shares. Total value of the day's trades reached 605.8 billion VND.
(34.6 million USD), with Sacombank (STB) once again holding down the spot as
most-active share, with 2.4 million traded.

Activity was also heavy in shares of Saigon Securities Inc (SSI) and Tan Tao
Industrial Park (ITA), with 1.6 million traded each.

Foreign investors continued as net buyers of 537,170 shares, for a net value of 18.9
billion VND (1.1 million USD).

"In the last two weeks, overseas investment funds have begun buying a significant
quantity of blue chips, demonstrating a trend of share accumulation by this
sector," said Tran Quoc Cuong, head of the brokerage department at the Hanoi
branch of HCM City Securities Co.

These investors wanted to take advantage of cheap share prices, Cuong said,
forecasting that buys by this sector could continued for another couple of weeks.

In Hanoi , the HASTC-Index also declined 1.24 percent to end March 30's session
at 97.35. Market volume maintained high, at 10.24 million shares worth 215.39
billion VND (12.3 million USD).

Asia Commercial Bank (ACB) was the most-active stock with 2 million traded, followed
closely by Kim Long Securities (KLS) with 1.7 million.-Enditem