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StockmarketMonday, 12/25/2006, 04:40

Market takes nosedive

The stock market plunged by a sharp 34.73 points on Friday following a similar move on the previous day, closing the week at 744.15<br>
Market takes nosedive

Market takes nosedive


The stock market plunged by a sharp 34.73 points on Friday following a similar move on the previous day, closing the week at 744.15.


The market saw 65 stocks including two funds tumble while seven others go up. Stocks taking the nosedive included DXP, FMC, FPT, GMD, REE, and SAM.


The total trading volume was 4.6 million shares, or just half of that in the session before, while the total trade value was VND396.5 billion, also a sharp fall of VND313.5 billion.


Oil shares PVD led the market in terms of trading value with VND72 billion, followed by FPT with VND66 billion and the bank shares STB with VND53 billion.

Foreign investors spent only VND151 billion to buy 240.890 PVD shares, 130.100 VNM shares, 121.210 GMD shares, 116.690 FPT shares and few other shares. On the same day, Nam Viet JSC coded NAV, Do Thanh Technology Corporation coded DTT, and Garmex Saigon JSC under the GMC code debuted at VND90,000, VND45,000, and VND45,000 respectively. 


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