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Local stocks drop as large-caps pulled down by poor sentiment
Vietnamese shares declined on Monday morning when the market celebrated its 20th anniversary as large-caps fell under poor sentiment.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange lost 0.81 per cent to close at 864.96 points.
The VN-Index inched up total 0.09 per cent last week.
The blue chip tracker VN30-Index fell 0.86 per cent to 807.13 points.
Twenty-nine of the 30 largest stocks by market value and trading liquidity in the VN30 basket declined.
The worst-declining stocks included petrol firm Petrolimex (PLX), insurer Bao Viet Holdings (BVH), aviation firm Vietjet (VJC), Bank for Investment and Development of Vietnam (BID), and tech group FPT (FPT).
The mid-cap and small-cap indices also lost 0.70 per cent and 0.56 per cent, respectively.
On a sector basis, brokerage, banking, insurer, information and technology, and consumer staples weighed on the market.
The minor HNX-Index on the Ha Noi Stock Exchange dipped 1.10 per cent to end Monday morning at 115.53 points.
The northern market index gained nearly 1 per cent last week.
More than 170 million shares were traded on the two exchanges, worth VND2.54 trillion (US$109.5 million).
The afternoon trading session starts at 1pm.
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