Shares mixed on two exchanges
Shares mixed on two exchanges
Shares were volatile in morning trade as money flow shifted from large-cap to low-priced stocks.
The benchmark VN-Index on the HCM Stock Exchange unexpectedly inched 0.1 per cent up to 676.5 points by the end of morning trade despite being below the reference threshold for most of the trading session.
The index was down one per cent yesterday.
On the Ha Noi Stock Exchange, the HNX-Index closed little changed at 82.2 points. It also fell one per cent yesterday.
Large-cap stocks were mixed. Some 14 of the top 30 shares by market capitalisation still lost value, including Masan Group (MSN), Sacombank (STB), PetroVietnam Drillings and Wells Service (PVD), FPT Corp (FPT) and Kido Group (KDC).
Some stocks recovered from yesterday's losses, such as Vinamilk (VNM), VinGroup (VIC), lenders BIDV (BID), Vietcombank (VCB), Vietinbank (CTG) and insurer Bao Viet Holdings (BVH).
Money was focused in low-priced stocks.
Seven of the top 10 most active stocks on the two national stock exchanges had prices of below VND10,000 per share. Most of them increased between 0.3 per cent and 10 per cent, of which Kim Vi Inox Import Export Production (KVC) hit the daily limit increase of 10 per cent in the Ha Noi market.
Liquidity was low with 81.4 million shares worth a combined VND1.16 trillion (US$52 million) being exchanged in the two markets.
Afternoon trade starts at 1pm.
