Stocks tumble after two days of rally
Stocks tumble after two days of rally
Stocks fell this morning in both markets after two days of rally.
On the HCM Stock Exchange, the VN-Index lost 0.56 per cent to close the morning at 536.43 points, while the VN30, which tracks the top 30 shares by market value and liquidity, was down 0.55 per cent to stand at 587.91 points.
Liquidity continued to fall, as just about 38 million shares worth VND923 billion (US$43.1 million) were traded by the end of the morning.
Only six stocks saw trading of more than one million shares. FLC Group (FLC) was the most active code, with 3.4 million of its shares being exchanged, but the price tumbled 0.99 per cent to stand at VND10,000 per share.
On the Ha Noi Stock Exchange, the HNX-Index also inched down 0.26 per cent to end at 82.60 points, with a sluggish trading value of just VND183.3 billion ($8.7 million).
KLF Joint Venture Global Investment Co (KLF), an investment arm of the FLC Group, was the most active code here with 1.9 million of its shares being exchanged, the only stock to cross the one-million mark. KLF climbed 0.93 per cent to close at VND10,900 each.
The afternoon session will start at 1pm.
