Stocks fall on low trading
Stocks fall on low trading
Stocks weakened towards the end of this morning, despite having a positive opening.
On the HCM Stock Exchange, the VN-Index inched down 0.02 per cent to close at 575.32 points, and the VN30, which tracks the top 30 shares by market value, decreased 0.15 per cent to end at 602.84 points.
Some blue chips that pulled off the market last week due to heavy foreign selling recovered this morning, including Masan Group (MSN), VinGroup (VIC), Sacombank (STB) and PetroVietnam Drilling and Wells Service Corp (PVD).
However, the overall market condition was negative, with 118 stocks falling, 64 rising and 126 going flat.
Liquidity also waned, as only about 43 million shares worth more than VND707 billion (US$33 million) were traded by the end of the morning.
FLC Group (FLC) was still leading the market with a whopping volume of 12.2 million shares, but the share price dived 2.44 per cent to stand at VND12,000 per share.
On the Ha Noi Stock Exchange, the HNX-Index dropped 0.51 per cent to finish at 84.69 points, with a low market value of nearly VND247 billion ($11.5 million).
Only two codes had trading of more than one million shares.
KLF Joint Venture Global Investment Co (KLF) was the most active stock with 4.7 million shares being traded, declining 0.91 per cent to close at VND10,900 per share. FIT Investment Co (FIT) came second with 2.2 million of its shares being traded at VND19,300 per share.
The afternoon session will start at 1pm.
