Falling large-cap stocks drag down northern bourse
Falling large-cap stocks drag down northern bourse
The two local bourses were separated this morning, as blue chips continue to be traded in large numbers, along with high market liquidity.
In total, the two bourses traded more than 83 million shares, worth VND1.53 trillion (US$70.9 million), higher than yesterday morning.
On the HCM Stock Exchange, the VN Index extended its rally to reach 634.28 points, an increase of 0.7 per cent or 4.43 points.
Blue chips, led by banks and insurers, remained the major reason for the rise of the southern index.
Bao Viet Holdings (BVH) again hit the ceiling value of VND57,500 after a few losing sessions, and traded 231,300 shares.
Vietcombank (VCB) and Vietinbank (CTG) rose 0.96 and 1.3 per cent, respectively, helping the banking sector to lift the market.
Other blue chips such as FPT Corporation (FPT) and Viet Nam Dairy Products Joint Stock Company (VNM) and securities stocks such as Sai Gon Securities Incorporation (SSI) extended their gains.
Some large-cap shares on the southern bourse fell, but their impact was small compared to those mentioned earlier.
On the Ha Noi Stock Exchange, the HNX Index was down 0.16 per cent to temporarily stay at 86.86 points.
The northern bourse also depended on blue chips. However, falling large-cap shares dragged down the market.
A few gainers such as Petroleum Technical Services Corporation (PVS), Hai Minh Corporation (HMH) and Tay Ninh Cable Car Tour JSC (TCT) were unable to cope with the decline of other stocks.
Securities shares, which were expected to rise, did not perform well. Only VNDirect Securities JSC (VND) rose by 3.4 per cent to end at VND15,200.
The afternoon session will start at 1pm.
