Real estate shares fall on profit-taking
Real estate shares fall on profit-taking
Vietnamese shares ended mixed in the early session, while property developers were hit by profit-taking activity.
The benchmark VN Index on the HCM Stock Exchange edged up 0.3 per cent to close at 666.66 points.
The HNX Index on the Ha Noi Stock Exchange fell 0.3 per cent to end at 86.33 points.
The local stock market was weighed down by the real estate sector, as stocks were sold for profit-taking.
Tan Tao Investment and Industry Corp (ITA) dropped two per cent after surging 16.7 per cent in the last three days, and Bao Thu Industrial Development and Investment JSC (BII) slid 0.5 per cent after soaring 21.5 per cent in the previous seven sessions.
Banks remained in negative territory, led by Viet Nam Joint Stock Commercial Bank for Industry and Trade (CTG), Asia Commercial Bank (ACB) and Sai Gon-Ha Noi Bank (SHB), which lost 1.6 per cent each.
However, energy stocks bounced back from a two-day decline after crude closed higher on Friday to extend a two-day gain.
PetroVietnam Gas Corp (GAS), PetroVietnam Coating Corp (PVB) and PetroVietnam Technical Service Corp (PVS) rose between 1.5 per cent and 1.7 per cent.
Investors traded 104.4 million shares, worth VND1.6 trillion (US$71.6 million).
