Shares fall on both exchanges
Shares fall on both exchanges
Shares sank on both national stock exchanges on Monday morning as investors worried about a further decline following three consecutive losing sessions last week.
On the HCM Stock Exchange, the VN-Index was down 0.2 per cent at 710.9 points. The southern index fell 1.1 per cent in the last three sessions.
Blue chips were the main drag, as only nine stocks of the top 30 largest shares by market value and liquidity advanced, while 20 tumbled.
Big losers included banks and financial agencies such as Vietcombank (VCB), Vietinbank (CTG), BIDV (BID) and Bảo Việt Holdings (BVH), as well as Saigon Securities Inc (SSI) and private equity firm Masan Group (MSN).
Property stocks were still among the most heavily traded stocks, including FLC Group (FLC), Tân Tạo Investment Industry (ITA), Hoàng Quân Consulting Trading Service Real Estate (HQC) and Đức Long Gia Lai Group (DLG). While DLG rose by over 2 per cent, others fell by 1.2--5.2 per cent.
Nearly 72 million shares worth VNĐ1.8 trillion (US$79 million) were traded in the southern market.
On the Ha Noi Stock Exchange, the HNX-Index dropped 0.7 per cent to 87.5 per cent. The northern index gained 1.7 per cent last week.
Liquidity was low here, with 25.6 million shares worth VNĐ268 billion exchanged.
The afternoon session starts at 1pm.
