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Shares slide on selling pressure
Shares slid on Monday morning as selling pressure weighed down market’s blue-chips.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange lost 0.81 per cent to 958.47 points.
More than 309.4 million shares were traded on the southern exchange, worth VNĐ5.8 trillion (US$251 million).
By market value, the large-cap tracker VN30-Index dropped 0.86 per cent to 923.21 points.
Large-cap stocks performed poorly due to the strong selling pressure, such as Bank for Investment and Development of Vietnam (BID), FPT Corporation (FPT), PetroVietnam Gas JSC (GAS), HDBank (HDB), Masan Group (MSN), Mobile World Group (MWG), Novaland (NVL), Sabeco (SAB) and Techcombank (TCB).
On the Ha Noi Stock Exchange, the HNX-Index declined 1.08 per cent to 143.17 points.
Some 35.6 million shares were traded on the northern exchange, worth VND528 billion.
The afternoon trading session starts at 1pm.
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