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VN-Index falls as capital flees from large-caps
Viet Nam’s benchmark VN-Index was subdued on Wednesday morning as investors looked to run from large-caps into mid-cap and small-cap sectors.
The benchmark on the Ho Chi Minh Stock Exchange inched down 0.15 per cent to 902.63 points. It fell 0.93 per cent on Tuesday.
The large-cap tracker VN30-Index slid 0.08 per cent to 855.50 points with 17 of the 30 largest stocks by market value and trading liquidity ending in negative territory.
The large-caps that performed badly included Khang Dien House Trading and Investment (KDH), Hoang Huy Investment and Financial Services (TCH), brewer Sabeco (SAB), Vietinbank (CTG), and Vietcombank (VCB).
Meanwhile, the mid-cap and small-cap trackers were up 0.21 per cent and 0.13 per cent, respectively.
By sector, the banking industry continued weighing on the market sentiment as six of 10 banks listed on HoSE declined, followed by construction and aquaculture industries.
On the Ha Noi Stock Exchange, the HNX-Index gained 0.35 per cent to 132.20 points.
The northern market index dropped 1.04 per cent on Tuesday.
More than 226.6 million shares were traded on the two exchanges, worth VND3.93 trillion (US$170 million).
The afternoon trading session starts at 1pm.
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