VN-Index extends losses due to sluggish trading
VN-Index extends losses due to sluggish trading
Shares tumbled again this morning despite a positive opening, driven by sluggish trade and rising caution about the market outlook.
On the HCM Stock Exchange, the VN-Index lost another 0.29 per cent to close at 622.9 points on negative market breadth, with 78 gainers, 90 losers and 88 stocks remaining unchanged.
Blue chips didn't perform well, falling 0.42 per cent to stand at 648.47 points.
Mid-cap stocks were still attracting investor interest, as seven of the top 10 active stocks were from this group.
HAI Agrochem Co (HAI) was leading the market volume, with 4.2 million of its shares being traded, but its prices dropped 8.51 per cent to close at VND8,600 per share.
The overall liquidity continued to slide, as just 56.5 million shares worth more than VND1 trillion (nearly US$46 million) were exchanged by the end of the morning.
The market condition here was neutral as the gainers were equal to the number of losers at 68, while 229 closed unchanged.
In contrast, the HNX-Index on the Ha Noi Stock Exchange gained 0.34 per cent to end at 85.40 points.
Liquidity was still low, however, with 19.5 million shares worth VND236 billion ($10.8 million) being traded.
Only two codes saw trading of more than one million shares. FIT Investment Co (FIT) led the trading with 3.2 million of its shares being exchanged, followed by KLF Joint Venture Global Investment Co (KLF) with 1.4 million shares.
The afternoon session will start at 1pm.
