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Shares retreat on profit-taking
Shares corrected on Tuesday morning as recent rallies triggered a massive sell-off among investors to lock in profits.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange lost 0.08 per cent to end morning session at 1,063.27 points.
Nearly 379 million shares were traded on the southern bourse, worth VND7 trillion (US$302.6 million).
The large-cap tracker VN30-Index was down 0.26 per cent to 1,021.66 points.
Twenty of the 30 large-cap stocks in the VN30 basket decreased while seven declined.
Large-caps suffered from profit-taking pressure, including Vietinbank (CTG), PetroVietnam Gas JSC (GAS), Hoà Phát Group (HPG), Military Bank (MBB), Masan Group (MSN), Mobile World Group (MWG), National Petroleum Group (PLX), Sabeco (SAB) and Vingroup (VIC).
On the Ha Noi Stock Exchange, the HNX-Index rose 1.46 per cent to 168.16 points.
Nearly 77.9 million shares were traded on the northern market, worth VNĐ830 billion. The afternoon trading session starts at 1pm.
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