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VN Index grows slowly on poor market sentiment
Shares rebounded on the HCM Stock Exchange on Monday morning; however the growth could slump on low investor confidence.
The benchmark VN Index inched up 0.08 per cent to close at 805.05 points. It fell 0.05 per cent last Friday.
Trading liquidity was the lowest in weeks with more than 57.3 million shares being traded, worth VND1.24 trillion (US$55 million).
Although the VN30 Index, which tracks the performance of the 30 largest stocks by market capitalisation and liquidity, was down 0.03 per cent, the VN Index was lifted by a few individual blue chips.
Among gainers in the VN30 basket were logistics firm Gemadept (GMD), Mobile World Corporation (MWG), PetroVietnam Gas (GAS) and BIDV (BID).
On the negative side, food producer Kido Group (KDC), insurance-finance firm Bao Viet Holdings (BVH) and brewer Sabeco (SAB) were among the stocks that weighed down the market.
On the Ha Noi Stock Exchange, the HNX Index was unable to maintain its positive trading.
The northern market index was down 0.03 per cent to end at 107.62 points, reversing from a 0.2 per cent gain on Friday.
More than 28.5 million shares were exchanged on the northern bourse, worth VND261.3 billion.
The afternoon session starts at 1pm.
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