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Correction slows down with less profit-taking
Market correction began to ease on Feb. 11 with less investors looking to take short-term profits. In HCM City, the VN-Index dropped slightly by 0.05 per cent to close at 519.98 points.
Trading volume was a little higher than on Thursday with 35.6 million shares worth VND879 billion ($41.9 million) changing hands.
Blue chips continued to disappoint, with insurer Bao Viet Holdings (BVH), down 1 per cent; software producer FPT Corporation (FPT), down 0.8 per cent, PetroVietnam Finance (PVF), down 0.7 per cent and Hoa Phat Group (HPG), down 0.5 per cent.
Banking stocks also dropped by 1.3 per cent this morning.
However, Masan Group (MSN) managed a modest gain of 0.6 per cent.
Penny stock Interfood Shareholding Company (IFS) achieved the highest increase in price with a 5 per cent rise to VND12,600, followed by Binh Duong Trade & Development (TDC), up 4.93 per cent to VND29,800 and Ca Mau Trading (CMV), up 4.85 per cent to VND23,800.
The Investment and Trading Real Estate Company (ITC) was the most active stock with 2.3 million shares traded.
In Ha Noi, the HNX-Index finished 0.13 per cent up to close at 107.81 points.
Volume remained low at 19.1 million shares totalling VND367.5 billion ($17.5 million). Kim Long Securities (KLS) claimed the heaviest volume with 1.3 million shares traded.
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