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Large-cap shares drag down markets
Stocks fell this morning as blue chips dropped.
On the HCM Stock Exchange, the VN-Index lost 0.19 per cent to close at 580.67 points, and the VN30, which tracks the top 30 shares by market value and liquidity, dropped by 0.22 per cent to stand at 609.90.
The market performance was weak as large-cap shares dragged down the market with their modest increases.
Bank shares continued to fluctuate. Vietcombank (VCB), BIDV (BID) and Vietinbank (CTG) declined between 0.28 and 1.6 per cent. Only Eximbank (EIB) gained 1.53 per cent, compared to its loss of 0.8 per cent yesterday.
Three codes advanced on the VN30 index. These were Gemadept Corporation (GMD), Ma San Group Corporation (MSN) and Vinh Son-Song Hinh Hydropower Joint Stock Company (VSH), which rose by 1.4, 1.19 and 1.48 per cent respectively.
Liquidity was modest, with just 62 million shares worth nearly VND984 billion (US$46.9 million) being traded by the end of the morning.
FLC Group (FLC) remained the most heavily-traded stock, with 15.4 million of its shares being exchanged, rising 0.82 per cent to stand at VND12,000 per share.
On the Ha Noi Stock Exchange, the HNX-Index also increased 0.2 per cent to end at 85.18 points, on improved trading value of VND329 billion ($15.6 million).
The afternoon session will begin at 1pm.
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