Market growth slows as profit taking rises

Stocks continued to rise on the two markets this morning, but the growth slowed down as profit-taking activity increased.

The VN-Index on the HCM Stock Exchange inched up just 0.12 per cent to close at 641.53 points, while the HNX-Index on the Ha Noi bourse rose 0.13 per cent to end at 87.44 points.

Liquidity remained high with a total of 179.3 million shares, worth a combined VND2.3 trillion (US$109 million), being traded on the two exchanges.

Trading remained focused on hot stocks like FLC Group (FLC) and Tan Tao Investment Industry Corporation (ITA) on the HCM City market with over 7 million of their shares being traded, and PetroVietnam Construction Corporation (PVX) and Sai Gon-Ha Noi Bank (SHB) with over 8 million shares being traded on each code.

The afternoon session will start at 1pm. 

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