Shares fall on strong profit taking
Shares fall on strong profit taking
Shares ended mixed this morning, following profit-taking activities with low trading liquidity on the two local bourses.
More than 70 million shares were traded, worth VND1.15 trillion (US$51 million).
The benchmark VN Index slightly rose by 0.04 per cent this morning to close at 571.12 points. Meanwhile, the HNX Index was down 0.84 per cent to stand at 77.61 points.
Energy firms, insurers and banks were among the heaviest losers on the market, as shareholders enhanced selling to earn profits.
The Bank for Investment and Development of Vietnam (BID) declined by 0.86 per cent, Petrovietnam Drilling and Well Service Corp (PVD) fell 1.6 per cent and Bao Viet Holdings (BVH) lost 0.83 per cent in market value.
However, some other large players helped the market to avoid further losses. Viet Nam Dairy Products JSC (VNM) gained one per cent, while securities firms were the best gainers on the market.
HCM City Securities Corp (HCM) and Saigon Securities Inc (SSI) on the southern bourse were up 0.75 and 1.55 per cent, respectively, and VNDirect Securities Co (VND) rose 2.1 per cent on the northern bourse.
VND and SSI were the most active stocks on two local bourses, with a trading volume of 1.8 and four million shares, respectively.
