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VN-Index falls slightly, gains in real estate stocks limit drop
Việt Nam's stock market continued to fall this morning, but losses were capped by gains in real estate stocks.
On the Ho Chi Minh Stock Exchange (HoSe), the benchmark VN-Index declined slightly 0.05 points to 1,215.72 points. The market breadth was still negative as 248 stocks declined while 142 stocks rose.
The market's liquidity was lower than yesterday with over 357.7 million shares traded on the southern bourse, worth nearly VND8.1 trillion.
The drop of the index was limited by gains in large-cap stocks, especially in real estate sectors.
The VN30-Index jumped 1.69 points, or 0.13 per cent, to 1,276.73 points. Of the 30 biggest stocks in the VN30 basket, 12 stocks climbed this morning while 14 stocks slid.
The gains were thanks to big stocks in real estate sectors like Vingroup JSC (VIC), No Va Land Investment Group Corporation (Novaland, NVL) and Vinhomes JSC (VHM). Of which, NVL was the biggest gainer in the morning session, up 5.24 per cent.
Other stocks in the materials sector posted positive performance such as Masan Group (MSN) up 1.05 per cent and Hoa Phat Group (HPG) up 0.73 per cent.
On the Ha Noi Stock Exchange (HNX), the HNX-Index witnessed a decrease of 0.52 per cent to 279.21 points. The HNX30-Index, which tracks the 30 biggest stocks on HNX, also fell 0.61 per cent to 413.12 points.
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