Domestic indexes fall under profit-taking pressures
Domestic indexes fall under profit-taking pressures
Both markets plunged this morning, as investors increased selling of stocks to make margins.
On the HCM Stock Exchange, the VN-Index closed the morning session down 0.81 per cent to finish at 598.26 points.
Most of the blue chips lost ground, as shown by a 0.66 per cent fall of the VN30, which tracks the top 30 shares by market value and liquidity. The VN30 ended at 634.64.
Even the most active stocks like FLC Group (FLC), Tan Tao Investment Industry Corp (ITA) and Kinh Bac City Development (KBC), besides Ocean Group (OGC) declined between 0.8 and 2.2 per cent.
FLC remained the most active code with 9.6 million of its shares being traded, dipping 0.84 per cent to end at VND11,800 per share.
The total market volume reached more than 78 million shares, worth VND1.4 trillion (US$66 million), by the end of the morning.
On the Ha Noi Stock Exchange, the HNX-Index also slid 1.3 per cent to finish at 90.30, after hitting an eight-month high yesterday.
Profit-taking pressures pushed up liquidity, with more than 57 million shares, worth VND704.5 billion ($33.2 million), being exchanged.
KLF Joint Venture Global Investment Co (KLF) continued to lead the market here with the trading of 16.4 million shares, but its share price tumbled 1.46 per cent to stand at VND13,500 per share.
The trading will resume at 1pm.
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