Stocks end lower on large-cap firms
Stocks end lower on large-cap firms
Shares fell on both local markets on Monday morning as large-cap stocks continued to trade in negative territory.
The benchmark VN Index on the HCM Stock Exchange was down 0.53 per cent to end at 757.80 points. It decreased by total 1.2 per cent in the previous two days.
The HNX Index on the Ha Noi Stock Exchange fell 0.85 per cent to close at 97.12 points, extending its two-day decline of 0.9 per cent.
More than 133 million shares were traded on both local bourses, worth VND1.98 trillion (US$88 million).
Market trading condition remained weak with decliners outnumbering gainers by 294 to 140.
Large-cap stocks continued to trade downwards, pushing the stock market down.
Among the 30 largest companies by market capitalisation, 13 stocks declined, including brewer Sabeco (SAB), dairy producer Vinamilk (VNM), property developer Vingroup (VIC) and fuel station operator Petrolimex (PLX).
Other blue chips such as PetroVietnam Gas (GAS), Vietcombank (VCB) and Bank for Investment and Development of Viet Nam (BID) ended flat.
The afternoon session starts at 1pm.
