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Shares narrow gains due to selling forces
Vietnamese stocks struggled to extend their rally on Wednesday morning as some individual large-caps suffered strong selling pressure.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.20 per cent to close morning trading at 847.65 points.
The benchmark VN-Index had gained 1.06 per cent to close Tuesday at 845.92 points.
More than 121.3 million shares were traded on the southern exchange, worth VND2.1 trillion (US$89.9 million).
The large-cap tracker VN30-Index lost 0.11 per cent to close Wednesday morning at 798.43 points.
In the VN30 basket, 20 of the 30 largest stocks by market capitalisation and trading liquidity decreased. Nine gained ground and one was unchanged.
Some blue-chips were sold and lost ground, such as Vietcombank (VCB), Bank for Investment and Development of Viet Nam (BID), Techcombank (TCB), VPBank (VPB), Phu Nhuan Jewellery (PNJ) and FPT Corporation (FPT).
In constrast, notable gainers were Vinhomes (VHM), Vincom Retail (VRE), Vingroup (VIC), Sabeco (SAB) and Vinamilk (VNM).
The HNX-Index on the Ha Noi Stock Exchange slumped 1.93 per cent to close Wednesday morning at 106.72 points.
The northern market index had risen 0.26 per cent to close Tuesday at 108.83 points.
Nearly 25.9 million shares were traded on the northern bourse, worth VND245.6 billion.
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