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Stock indices dive on cautious trading
Shares fell on both exchanges this morning, as investors traded with caution.
On the HCM Stock Exchange, the VN-Index decreased 0.51 per cent to close the morning at 548.84 points, as the number of losing stocks were nearly double that of the gainers.
Blue chips no longer provided the growth impetus, as many of the top 30 shares by market value and liquidity dived, as shown in the 0.46 per cent fall of the VN30 index.
Seven stocks saw trading of more than one million shares, among which Ocean Group (OGC) led with more than 3.8 million shares. OGC's price rose 3.6 per cent this morning to stand at VND2,900 per share, ending a week-long losing streak.
The overall liquidity was low, as just 37 million shares worth VND543.3 billion (US$ 25 million) were exchanged by the end of the morning session.
On the Ha Noi Stock Exchange, the HNX-Index also slumped 0.97 per cent to end at 78.98 points.
Slow trading caused the market volume to drop to just 21 million shares, worth VND224.6 billion ($10.4 million).
Sai Gon-Ha Noi Bank (SHB) was the most active code this morning, with 4.2 million of its shares being exchanged, plunging 5.1 per cent to finish at VND7,500 per share.
The afternoon session will start at 1pm.
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