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Shares lose ground on strong selling force
On the Ho Chi Minh Stock Exchange (HoSE), the benchmark VN-Index dropped 1.03 per cent, to 1,182.08 points. Photo cafef.vn
Shares lost ground on Tuesday morning with the VN-Index withdrawing to near 1,180 points.
On the Ho Chi Minh Stock Exchange (HoSE), the benchmark VN-Index dropped 1.03 per cent, to 1,182.08 points.
The market's breadth turned negative as 352 stocks declined while 113 stocks increased. But the market's liquidity was still high with a trading value of nearly VNĐ13 trillion, equivalent to nearly 598 million shares traded on the southern market.
The fall in large-cap stocks was the main cause for the market's negative performance.
The VN30-Index, tracking the 30 biggest stocks in market value, decreased 0.87 per cent to 1,188.16 points. Twenty-six of the VN30 basket slid, while only three stocks increased.
Big stocks across all sectors faced selling pressure, including Vietcombank (VCB), Vinhomes JSC (VHM), PetroVietnam Gas JSC (GAS) Vietnam Rubber Group - JSC (GVR) and Masan Group Corporation (MSN).
On the Ha Noi Stock Exchange (HNX), the HNX-Index also dropped 1.25 per cent to 271.41 points.
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