VIETNAM EXPORT IMPOR

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End-of-day quote. End-of-day quote  - 08/07
16900VND -0.29%

Vietnam Export Import Commercial JS Bank : MARKET COMMENT : Vietnam Shares End +0.9%, Cap At 490 Wed-Traders

01/29/2013 | 02:55am


0739 GMT [Dow Jones] Vietnam shares finish up 0.9% at 484.01, the highest since May 10 last year, led by foreign funds buying in bluechips amid optimism the government will raise the 49% ownership limit of foreign investors by ten percentage points in some local companies to 59% in 1Q, traders say. "After holding the 49% cap for about ten years, now the government is considering boosting foreign investment in the stock market, and strong foreign inflows have driven up share prices by 17% so far this month," says a trader with Agribank Securities. Volume is heavy, with 88.11 million shares valued at VND1.329 trillion changing hands. Among the most actively-traded stocks, Itaco (>> Tan Tao Investment Industry Corporation) ends up 6.6% at VND8,000, Eximbank (>> Vietnam Export Import Commercial JS Bank) closes 3.0% higher at VND17,400 and Ocean Group (OGC.VH) finishes up 6.8% at VND12,600. Traders tip resistance for the key index at 490 Wednesday. (phammuoi.nguyen@dowjones.com)




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