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Large-cap stocks drag down VN Index again
Large-cap shares continued to drive down the VN-Index this morning, despite opening on a high note.
The benchmark VN-Index on the HCM Stock Exchange was down 0.27 per cent to end at 586.95 points, while the VN30, which tracks the top 30 shares by market value and liquidity, declined 0.25 per cent to stand at 618.72 points.
Large-cap stocks, such as Ocean Group Joint Stock Company (OGC), PetroVietnam Drilling and Well Service Corporation (PVD), PetroVietnam Transport Corporation (PVT) and Vietnam Dairy Products Joint Stock Company (VNM), lost value.
Liquidity was low with the trading of just 52 million shares, worth VND885 billion (US$42 million), by the end of the morning.
FLC remained the most active code, with the trading of more than 11 million of its shares, gaining 1.74 per cent to close at VND11,700 per share.
On the Ha Noi Stock Exchange, the HNX-Index increased by 0.02 per cent to finish at 85.88 points, an improved performance. The gainers were nearly equal to the number of losers at 58 to 66 respectively, while 235 remained flat.
Trading was down, as just 17 million shares worth VND248.6 billion ($11.8 million) were exchanged.
Only three stocks saw trading of more than one million shares, led by KLF International Investment Joint Stock Company (KLF) with 2.1 million shares, with its price staying at VND10,600 per share when the market closed.
The afternoon session will start at 1pm.
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