VIETNAM EXPORT IMPOR

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End-of-day quote. End-of-day quote  - 09/25
17100VND -0.29%

MARKET TALK: Vietnam Shares End +2.5%, Cap At 485 Tuesday-Traders

01/28/2013 | 03:33am


0817 GMT [Dow Jones] Vietnam shares end 2.5% higher at 479.6, off an intraday high of 485.7, on optimism that the government will soon allow foreign investors to own more than a 49% stake in some local companies, traders say. "Though the government hasn't said specifically when it will change its rule to increase foreign ownership, sentiment has become very strong on hopes more foreign inflows will enter the market this week," says a trader with Saigon Securities. Volume is heavy, with 107.4 million shares valued at VND1.63 trillion changing hands. Among the most actively-traded stocks, Sacom (>> Sacom Development and Investment Corp) ends up 3.8% at VND8,100, Itaco (>> Tan Tao Investment Industry Corporation) closes 5.6% higher at VND7,500 and Eximbank (>> Vietnam Export Import Commercial JS Bank) finishes up 7.0% at VND16,900. Traders tip resistance for the key index at 485 Tuesday. (phammuoi.nguyen@dowjones.com)




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