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Market opens new week on a negative note
Share reversed last week's course and fell on Monday morning as losses of many large-cap stocks put pressure on the market.
On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index dropped 1.63 per cent, or 20.5 points, to 1,228.18 points. The market breadth turned negative with 327 stocks declining while 82 stocks increased.
However, the market's liquidity was still high as domestic investors poured over VND10.8 trillion into the southern bourse, equivalent to a trading volume of nearly 430 million shares.
The fall was mainly driven by losses in pillar stocks. The VN30-Index, tracking the 30 biggest stocks in market capitalisation on HoSE, slid 1.3 per cent to 1,284.48 points. Twenty-six stocks of the VN30 basket fell while only four stocks rose.
Stocks from banking, real estate and construction, materials and utilities all posted big losses. Of which, Vietcombank (VCB) witnessed the biggest loss, down 3.27 per cent. Followed by Vinhomes JSC (VHM) and Vingroup JSC (JSC), down 2.38 per cent and 2.6 per cent, respectively.
On the Ha Noi Stock Exchange (HNX), the HNX-Index also lost 0.53 per cent to close the morning trade at 282.12 points. The fall of 1.34 per cent in the HNX30-Index, which tracks the 30 biggest stocks in HNX, weighed the northern market benchmark.
Meanwhile, foreign investors were net buyers on both exchanges this morning with a total value of VND281.2 billion.
bizhub
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