Shares sink for third day
Shares sink for third day
Shares sank for a third day on the two exchanges this morning as investors continued to maintain a cautious view on the market outlook.
The benchmark VN-Index on the HCM Stock Exchange was down 0.2 per cent to end the morning session at 666.3 points. The index had lost 1.4 per cent in the last two trading sessions.
On the Ha Noi Stock Exchange, the HNX-Index dropped 0.1 per cent to 80.6 points. It had decreased two per cent in the previous two sessions.
Several large-cap stocks recovered this morning, including the highest-valued shares such as dairy firm Vinamilk (VNM), Vietcombank (VCB), Vietinbank (CTG), steelmaker Hoa Phat Group (HPG) and software producer FPT Corp (FPT).
Overall market condition improved over yesterday, with the number of gaining shares slight lower than the losing shares by 167-187. Another 339 shares closed unchanged.
Liquidity was drained with just 58.5 million shares worth nearly VND830 billion (US$37.2 million) traded on the two markets, down 35.5 per cent in volume and 40.7 per cent in value compared with yesterday morning trade levels.
Afternoon trade starts at 1pm.
