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VN stocks decline, investors worried about market volatility
Vietnamese shares fell further on Tuesday morning as investors became cautious of the current volatility in the market.
The benchmark VN Index on HCM Stock Exchange dropped 0.61 per cent to close at 1,141.43 points. It had lost 2.1 per cent in the previous two sessions.
The HNX Index on Ha Noi Stock Exchange slipped down 0.32 per cent to end at 132.89 points, extending the loss from a two-day decline of 1.7 per cent.
More than 121 million shares, worth VND3.33 trillion (US$148.2 million), were traded on the two local exchanges.
Large-cap stocks underperformed and were the main factor to drive the market down. The large-cap VN30 Index lost 0.56 per cent to reach 1,121.71 points, with 19 of the 30 largest shares by market capitalisation decreasing.
Investors remained quite cautious after trading on the stock market had shown signs of decline in recent sessions.
Cash was drawn out of large-cap stocks and directed at mid-cap and small-cap stocks, including Hoang Anh Gia Lai (HAG), Kinh Bac City Development Holdings (KBC), Sacomreal (SCR) and FLC Group (FLC).
Among the 20 sectors on the stock market, energy, food and beverages and building material production were the worst performers.
Meanwhile, the switch of investment helped push the UPCOM Index on the Unlisted Public Company Market. This Index moved up 0.08 per cent to close at 59.08 points, reversing from a six-day decline of 2.6 per cent.
The afternoon trading session starts at 1pm.
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