Shares stall on investors’ caution
Shares stall on investors’ caution
Positive news on the China-United States’ trade war was not strong enough to rescue the VNIndex from declining on Monday morning due to investors’ cautiousness and low liquidity.
The benchmark VN Index on HCM Stock Exchange slipped down by 0.16 per cent to close at 1,038.89 points. It had lost 0.4 per cent last week.
Meanwhile, the HNX Index on HàNội Stock Exchange gained 0.23 per cent to end at 121.54 points, reversing from its loss of 1.2 per cent last week.
Some 81 million shares, worth VND2 trillion (US$87.7 million), were traded on the two local exchanges.
The market breadth was negative, with 227 declining stocks against 168 gaining stocks.
The VN30 Index, tracking the southern city’s 30 largest shares by capitalisation and liquidity, increased by 0.24 per cent to 1,024.71 points. There were 16 gainers and 11 decliners in the basket.
Real estate and mining sectors were the most affected on the local stock markets on Monday morning. The two sector’s indices were down by 1.58 per cent and 0.86 per cent, respectively.
On the positive side, some individual bluechips in the retail sector performed well, supporting the market, including Mobile World Investment Corporation, up by 5.5 per cent, and PhúNhuậnJewelry Joint Stock Company, up by 0.8 per cent.
The afternoon trading session starts at 1pm.
