Profit-taking ends four-day rally
Profit-taking ends four-day rally
Shares struggled to end positive in the early trading session as investors booked profits after a four-day rally.
The benchmark VN Index on the HCM Stock Exchange inched up 0.2 per cent to close at 672.94 points and the HNX Index on the Ha Noi Stock Exchange closed nearly flat at 83.32 points.
The market trend was still driven by the movement of large-cap stocks in the sub-index VN30 Index, which contains the 30 largest listed firms by market capitalisation and liquidity.
Some of the blue chips ran into profit-taking after rallying during the previous four sessions, such as insurer Bao Viet Holdings (BVH) and consumer goods producer Masan Group (MSN), which declined 0.2 per cent and 2.1 per cent, respectively.
Property developer FLC Group (FLC) slipped 1.5 per cent after surging nearly 26 per cent in the previous four sessions.
On the positive side, dairy firm Vinamilk (VNM) recovered a part of its loss incurred recently and VNM closed up 1.1 per cent in early trading.
Giant IT firm FPT Corp (FPT) advanced 1.4 per cent with an advance-negotiation trading volume of 17.5 million shares worth VND877.8 billion (US$39 million) on expectations that the State Capital Investment Corporation will sell its entire six per cent stake in the company by the end of the year
Market liquidity rose sharply compared with the previous early sessions, with nearly 106.3 million shares traded worth more than VND2.9 trillion.
