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Shares tumble on profit taking
Shares fell this morning on the two exchanges, as investors sold hot stocks to make short-term profits.
The VN-Index on the HCM Stock Exchange lost 0.46 per cent to close at 583.77 points, while the VN30, which tracks the top 30 shares by market value and liquidity, was down 0.11 per cent to end at 603.86 points.
Realty stocks, which climbed substantially in the previous sessions such as FLC Group (FLC) and HCM City Infrastructure Investment Corp (CII), sold strongly this morning. FLC remained the most active stock with 17.6 million of its shares being traded, but its price tumbled 2.11 per cent to close at VND9,300 per share.
CII ranked third with 3.7 million of its shares being traded, falling 1.3 per cent to stand at VND22,800 ($1.05) per share.
The overall liquidity was positive, with almost 100 million shares worth VND1.6 trillion ($73.4 million) changing hands by the end of the morning.
On the Ha Noi Stock Exchange, the HNX-Index inched down 0.04 per cent to finish at 88.33 points, while the market value reached VND555.4 billion ($25.5 million).
FIT Investment Co (FIT) was temporarily leading the trading here with 5.3 million of its shares being exchanged, dropping 4.8 per cent in value to stand at VND15,900 ($0.73) per share.
The afternoon session will start at 1pm.
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