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Stocks end mixed on investor caution
Vietnamese shares were mixed on Thursday morning with low trading liquidity as investors remained unsure of the stock market’s prospects.
benchmark VN Index on the HCM Stock Exchange inched down 0.22 per cent to close at 1,188.91 points. It rose 0.27 per cent on Wednesday.
On the Hà Nội Stock Exchange, the HNX Index gained 0.25 per cent to end at 135.67 points. The Index edged down 0.22 per cent on Wednesday.
More than 146.4 million shares were traded on the two local exchanges, worth VNĐ4.5 trillion (US$197 million).
The market breadth turned to the negative side, with gainers being outnumbered by decliners (181 to 205) and 356 others staying unchanged.
The VN30 Index, which tracks the performance of the 30 largest stocks by market capitalisation, slowed the gains, closing upwards by 0.07 per cent to end at 1,166.58 points, with 13 stocks marking losses.
The worst decliners among them were FLC Faros Construction (ROS), Viet Nam National Petroleum Group (PLX), dairy firm Vinamilk (VNM), JSC Bank For Investment And Development Of Viet Nam (BID) and PetroVietnam Gas Joint Stock Corporation (GAS).
On the opposite side, insurer Bảo Việt Holdings (BVH) and food producer KIDO (KDC) Group extended their growth to support the market.
Vingroup (VIC) stocks also gained strongly after news that its property arm, Vinhomes, was about to list on the HOSE was released. Vingroup submitted the listing registration documents for the shares of Vinhomes to HOSE on April 2.
The UPCOM Index on the Unlisted Public Company Market (UPCoM) retreated 0.15 per cent to close Thursday morning at 60.37 points.
The afternoon trading session starts at 1pm.
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