Markets slide on profit taking
Markets slide on profit taking
Shares fell this morning despite a positive opening, as investors rushed to take short-term profits after three weeks of gains.
On the HCM Stock Exchange, the VN-Index edged down 0.63 per cent to close at 570.83 points, while the VN30, which tracks the top 30 shares by market value and liquidity, inched down 0.16 per cent to stand at 592.44 points.
Liquidity was modest with just 69 million shares, worth VND1.113 trillion (US$51.3 million), being traded by the end of the morning.
Money focused on mid-cap shares such as Hoang Huy Investment Services Co (HHS), HAI Agrochem Co (HAI) and Dat Xanh Real Estate Service and Construction Corp (DXG). These were also three of the five most-active codes on the HCM City market this morning.
Property developer FLC Group (FLC) remained the most heavily-traded stock, with 5.7 million of its shares being exchanged, dropping 1.1 per cent in value to end at VND9,000 per share.
On the Ha Noi Stock Exchange, the HNX-Index also decreased 0.62 per cent to stand at 86.51 points, with the turnover being VND419.2 billion ($19.3 million).
KLF Joint Venture Global Investment Co (KLF) was leading the trading here, with more than three million of its shares being exchanged, closing flat at VND7,700 per share.
The afternoon session will start at 1pm.
