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Shares fall for third consecutive day
Shares declined for the third consecutive day on the two exchanges this morning, with the slump of large-cap shares continuing to weigh on the market.
On the HCM Stock Exchange, the VN-Index decreased 0.54 per cent to end at 579.7 points.
Meanwhile, the HNX-Index on the smaller exchange in Ha Noi was down 0.72 per cent to close at 80.9 points.
The overall market condition was negative, with 37 per cent of the 682 trading stocks declining, and only 15 per cent advancing.
The largest stocks by market capitalisation, such as Bank for Investment and Development of Vietnam (BID), Vietcombank (VCB), PV Gas (GAS) and software producer FPT Corp (FPT), besides real estate FLC Group (FLC) and Tien Phong Plastics (NTP), fell.
Dairy giant Vinamilk (VNM), Tan Tao Investment Industry Corp (ITA) and Kinh Bac City Development (KBC). Very few blue chips performed well this morning.
Liquidity was low, with more than 82 million shares, worth almost VND1.3 trillion (US$58 million), being traded on the two markets.
Only 13 stocks saw trading of more than one million shares, of which FLC Group was the most active, with more than nine million of its shares being exchanged. FLC slipped 1.2 per cent to stand at VND8,200 per share.
The afternoon session will start at 1pm.
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