VN Index retreats as blue chips slump
VN Index retreats as blue chips slump
The VN Index on the HCM Stock Exchange slipped 0.22 per cent on Wednesday morning to 714.94 after half the top 30 shares by market value and liquidity lost value.
The big losers were insurance, bank and financial companies such as Bao Viet Holdings (BVH), Vietcombank (VCB), BIDV (BID), Vietinbank (CTG), Military Bank (MBB) and Saigon Securities Inc (SSI).
Low-priced property stocks were among the most active stocks on the two exchanges and continued to attract money. FLC Group (FLC), Vinaconex (VCG), Tasco (HUT) and Da Nang Housing Investment Development (NDN) rose between 1.3 per cent and 4.6 per cent each.
Liquidity remained positive with around 87 million shares worth VND1.9 trillion (US$83.3 million) being traded in the southern bourse.
On the Ha Noi Stock Exchange, the HNX Index went up by 0.4 per cent to 87 points, with a total of 29 million shares worth VND291 billion being traded.
The afternoon session starts at 1pm.
