real estate shares

Hanoi (VNA) – Gains by real estate shares continued as a major force driving the
HCM Stock Exchange on Sept. 22, pushing the VN-Index up 4.88 points to close at
582.85.

Trading volume continued to improve, reaching 67.2 million shares, for a turnover of
3.5 trillion VND (196.6 million USD). Sacombank (STB) led the southern bourse with
5.9 million shares traded, followed closely by VietFund Management (VFMVF1) with 5.7
million.

Binh Chanh Construction and Investment (BCI) and Thu Duc Housing (TDH) were among
the property shares buoying the Index.
Banking shares, meanwhile, still failed to recover their vigor, with Vietinbank
(CTG) and Vietcombank (VCB) falling slightly on the day.
On the Hanoi Stock Exchange, the HNX-Index closed up 1.02 percent at 179.63
points, as trading volume increased 18 percent over Sept. 21’s session to 39.8
million shares, with a total value of 1.5 trillion VND (84.3 million USD).
Kim Long Securities (KLS) led the northern market with 3.8 million shares traded,
followed by Sai Gon-Hanoi Bank (SHB), with 2.8 million. Shares of Asia Commercial
Bank (ACB) and the Bao Viet, Hai Phong and Vietinbank securities firms were also
among the most active.

Construction shares including Vinaconex (VCG) and shares in the Song Da family
remained as the major motivators for gains on the HNX-Index.

EuroCapital Securities Co analysts said recent dramatic gains in construction and
real estate shares were not surprising as firms in these fields had consistently
posted positive business results as well as news about new projects that promised
medium- to long-term development potential.

But, they noted, satisfactory trading had also been seen in almost all other shares
across the board.
In HCM City , foreign investors were net sellers of 1.6 million shares,
with a net value of 155.5 billion VND (8.7 million USD). In Hanoi ,
overseas clients were net buyers of 113,000 shares but were net sellers by
value of 1.2 billion VND (67,400 USD).-Enditem