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Banks lead market lower

Nov 26th at 13:40
26-11-2015 13:40:18+07:00

Banks lead market lower

Shares declined this morning on the HCM Stock Exchange, reducing the gains made yesterday, when the benchmark VN-Index inched down 0.3 per cent to close at 594.13 points.

 

Banks led the market fall, as most of the largest lenders such as Bank for Investment and Development of Vietnam (BID), Vietinbank (CTG), Vietcombank (VCB) and Sacombank (STB) lost between one per cent and four per cent.

Many of the top 30 shares by market value and liquidity also slumped, such as property giant VinGroup (VIC), software producer FPT Corp (FPT) and Saigon Securities Inc (SSI).

The overall liquidity remained modest, with just 73 million shares, worth more than VND1 trillion (US$44.6 million), being traded by the end of the morning.

However, the HNX-Index on the Ha Noi Stock Exchange increased 0.4 per cent to end at 82.4 points, even though the market volume was low

with a little more than 46 million shares, worth nearly VND372 billion ($16.6 million), being exchanged.

The afternoon session will begin at 1pm.

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