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VN shares fall further
Vietnamese shares fell further on both local exchanges this morning, as large-cap stocks dived after investors continued to be cautious about their investments.
The benchmark VN Index on the HCM Stock Exchange fell 0.6 per cent to close at 563.22 points, and the HNX Index on the Ha Noi Stock Exchange dropped slightly by 0.3 per cent to end at 78.35 points.
Blue chips continued to decline, dragging down the market. Vinamilk (VNM) fell 0.8 per cent, Vingroup JSC (VIC) dropped 0.7 per cent and Vietcombank (VCB) lost 1.2 per cent.
Other large-cap stocks also fell from yesterday's values. FPT Corporation (FPT) decreased by 0.4 per cent and Vietinbank (CTG) was down 0.6 per cent.
Meanwhile, energy stocks continued to rise following an increase of the American benchmark crude West Texas Intermediate (WTI), which was up 0.9 per cent to trade at US$36.14 a barrel yesterday.
Local energy stocks made gains. PetroVietnam Drilling and Well Services Corporation (PVD) gained 1.5 per cent, and PetroVietnam Mud Drilling Corporation (PVC) jumped 2.6 per cent.
Mid-cap stocks continued to attract investments. FLC Group (FLC) was the most active stock, with nearly 2.7 million of its shares being traded.
Both local exchanges traded more than 53.5 million shares, worth VND880.7 billion ($39 million).
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