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Stocks fall despite recovery by blue chips
Blue chips recovered this morning, but were unable to help improve the national stock market.
On the HCM Stock Exchange, the VN-Index lost 0.96 per cent to close at 561.98 points, and the VN30, tracking the top 30 shares by market value and liquidity, dropped by 0.33 per cent to stand at 591.84 points.
Only six blue chips increased their values, which was not enough to keep the market up. The Ocean Group Joint Stock Company (OGC), HCM City Infrastructure Investment Joint Stock Company (CII), Hung Vuong Corporation (HVG) and Sacombank (STB) raised their share values only by 0.67 to 2.2 per cent.
Thirteen other blue chips, including Hoa Sen Group (HSG), Ma San Group Corporation (MSN) and PetroVietnam Drilling and Well Service Corporation (PVD), were major forces that dragged down the market, dropping by 1.98, 1.86 and 3.8 per cent respectively.
Liquidity was low, with just 42.4 million shares worth VND902 billion (US$43 million) being traded by the end of the morning.
FLC Group (FLC) remained the most heavily-traded stock, with nearly seven million of its shares being exchanged at VND11,900 per share.
On the Ha Noi Stock Exchange, the HNX-Index also decreased 0.26 per cent to end at 83.1 points, on improved trading value of VND251 billion ($11.9 million).
The afternoon session will begin at 1pm.
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