Blue chips drive markets down
Blue chips drive markets down
Liquidity continued to climb this morning, but the indices plunged steeply as blue chips tumbled on the two exchanges.
On the HCM Stock Exchange, the VN-Index lost nearly 12 points, or 1.83 points, to close at 618.75 points, as the number of losers was more than three times that of the gainers.
Most of the blue chips slipped, including banks that had led the upturn in the previous rallies.
Except Military Bank (MBB) and Vietinbank (CTG) that maintained their rise, other leading banks such as Vietcombank (VCB), BIDV (BID), Eximbank (EIB) and Sacombank (STB) fell steeply.
Major large-cap shares such as VinGroup (VIC), Hoang Anh Gia Lai Co (HAG), Hoa Phat Group (HPG), and Saigon Securities Inc (SSI), as well as FPT Corp (FPT) and PetroVietnam Drilling and Wells Service Corp (PVD) also lost value.
The VN30, which tracks the top 30 shares by market value and liquidity, was down 1.75 per cent to end at 641.86 points.
Liquidity soared, with nearly 119 million shares, worth VND2 trillion (US$91.7 million), being traded by the end of the morning.
On the Ha Noi Stock Exchange, the HNX-Index decreased 1.57 per cent to finish at 88.03 points, with the market value reaching nearly VND539 billion ($24.7 million).
The afternoon session will begin at 1pm.
