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Trading slows down as investors turn cautious
Trading was sluggish this morning as investors were cautious about the market outlook at the beginning of the week.
On the HCM Stock Exchange, the VN-Index lost 0.63 per cent to close the morning at 613.82 points.
Blue chips posted mixed results. Some stocks advanced, such as VinGroup (VIC), Saigon Securities Inc (SSI), Military Bank (MBB), while some stocks lost, such as Hoang Anh Gia Lai Co (HAG), Hoa Phat Group (HPG) and Refrigeration Electrical Engineering (REE).
The VN30, which tracks the top 30 shares by market value and liquidity, inched down 0.04 per cent to end at 651.48 points.
More than 61 million shares, worth VND1.137 trillion (nearly US$54 million), were traded by the end of the morning.
SSI was temporarily leading the market with 3.3 million of its shares being traded at VND30,900 ($1.46) per share, an increase of 1.31 per cent.
On the Ha Noi Stock Exchange, the HNX-Index was in the red for much of the day, but still closed 0.03 per cent higher at 90.48 points.
Liquidity was low, with more than 30 million shares worth VND443 billion ($21 million) being exchanged.
PetroVietnam Construction Corporation (PVX) was the most active stock here, with nearly 3.4 million of its shares being traded at VND6,700 per share, a rise of 1.52 per cent.
Trading will resume at 1pm.
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