Large-cap shares continue to pull down market
Large-cap shares continue to pull down market
Vietnamese shares were pulled down slightly on both local exchanges by large-cap stocks this morning, after making large gains yesterday.
The benchmark VN Index on the HCM Stock Exchange inched down 0.4 per cent to close at 571.81 points, and the HNX Index on the Ha Noi Stock Exchange dropped 0.6 per cent to end at 79.65 points.
On the negative side, the stocks that made large gains yesterday fell as investors were worried about foreign investors continuing to sell their assets ahead of the American central bank's meeting next week.
The largest stocks on the market fell, such as Vietcombank (VCB) by 1.9 per cent, the Bank for Investment and Development of Vietnam (BID) and Vietinbank (CTG) by 0.5 per cent each, and Masan Group (MSN) by 0.7 per cent.
In addition, declining global oil prices pushed down local energy stocks further. PetroVietnam Gas Corporation (GAS) was down 0.8 per cent and PetroVietnam Gas Corporation JSC (PGC) lost 0.7 per cent.
On the positive side, Bao Viet Holdings (BVH) and Vingroup JSC (VIC) extended their gains from yesterday. At the end of the morning, BVH jumped 3.9 per cent and VIC was up 0.5 per cent.Both local bourses traded more than 72 million shares, worth VND1.17 trillion (US$52 million).
