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Blue chips drag down VN-Index
Blue chips, which had been the main support of the market in the previous sessions, unexpectedly dragged down the VN-Index this morning on the HCM Stock Exchange.
The VN-Index opened high, but inched down 0.03 per cent to stand at 607.44 points by the end of the morning.
The VN30 also fell 0.13 per cent to finish at 643.34 points.
More than 50 per cent of the top 30 shares by market value and liquidity lost value, including the biggest shares like VinGroup (VIC), Bao Viet Holdings (BVH), Sacombank (STB), Military Bank (MBB) and Hoang Anh Gia Lai Co (HAG).
Trading improved, however, as the market volume reached nearly 65.5 million shares worth VND1.07 trillion (US$50.7 million).
FLC Group (FLC) continued to lead the trading here, with nearly 9 million shares being traded at VND13,700 per share.
On the Ha Noi Stock Exchange, the HNX-Index closed down 0.12 per cent to stand at 80.68 points, with the market value reaching VND446 billion ($21.1 million).
Hot stocks like PetroVietnam Construction Corp (PVX) and KLF Joint Venture Global Investment Co (KLF) were the most active on the northern bourse.
Nearly 9 million PVX shares were traded at VND4,700 per share, while almost 4 million KLF shares changed hands at VND12,300 per share.
The trading will resume at 1pm.
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