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Shares shrink following global falling
Markets witnessed a strong fluctuation on Wednesday morning following negative movement of global stocks.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange lost 0.46 per cent to close morning at 995.02 points.
Nearly 86.4 million shares were traded on the southern bourse, worth VND2 trillion (US$85.5 million).
The VN-Index rose 0.3 per cent to close at 999.59 points on Tuesday.
The S&P 500 and Dow suffered their worst crises in more than a month on Tuesday after data revealed factory activity in the US dropped to its weakest level in more than a decade, raising concerns that a trade war between the US and China is hampering the world's largest economy.
The Dow Jones decreased by 343.79 points, equivalent to 1.28 per cent, to 26,573.04 points. S&P 500 lost by 36.49 points, equivalent to 1.23 per cent, to 2,940.25 points. This is the sharpest decline for the two indices since August 23, when President Donald Trump asked US companies to find alternatives to doing business with China. Nasdaq fell 90.65 points, or 1.13 per cent, to 7,908.69 points.
In the local market, large-caps were strongly hit, including Asia Commercial Bank (ACB), PetroVietnam Gas JSC (GAS), PetroVietnam Drilling and Well Services Corporation (PVD) and Vincom Retail (VRE).
On the Ha Noi Stock Exchange, the HNX-Index was down 0.13 per cent to end the morning session at 105.71 points.
More than 12.7 million shares were traded on the northern market, worth VND204.5 billion.
The northern market index was up 0.76 per cent to end at 105.85 points on Tuesday.
The afternoon trading session starts at 1pm.
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