Sell pressure remains high
Sell pressure remains high
Shares reversed Tuesday's losses in HCM City during this Wednesday's session but continued to tumble in Ha Noi.
Meanwhile, selling pressure remains high as the price level was pushed up and enterprises have recently reported declining profits, especially banks and real estate firms.
The VN-Index on the HCM City Stock Exchange added 0.64 per cent to reach 493.92 points.
The value of trades slid 21.6 per cent from yesterday morning, reaching VND772.77 billion (US$36.7 million) as trading volume fetched 52.4 million shares.
Among blue chips, most shares retreated, including Vietinbank (CTG), Military Bank (MBB), Vietcombank (VCB) and Phu My Fertiliser (DPM).
The VN30 Index, which tracks the performance of HCM City's 30 leading stocks, reached 571.37 points – a 0.2 per cent rise that could mainly be attributed to the gains of private equity company Masan Group (MSN) and Vinamilk (VNM).
On the Ha Noi Stock Exchange, the HNX-Index fell 0.03 per cent further to 66.23 points.
Market value and volume totalled VND424.2 billion and 48.3 million shares respectively, declining more than 7 per cent from the previous morning.
The HNX30, representing the northern exchange's top shares, put on 0.3 per cent to reach 132.16 points.
Trading will resume at 1 pm.
vietnamnews
