Shares weaken on poor investor sentiment
Shares weaken on poor investor sentiment
Vietnamese shares weakened towards the end of Tuesday morning's session on both local markets after opening on a positive note as trading liquidity slowed down on poor investor sentiment.
The benchmark VN Index on the HCM Stock Exchange declined 0.03 per cent to close at 759.48 points. It dropped total 1.5 per cent in the previous three days.
The HNX Index on the Ha Noi Stock Exchange narrowed its gain to 0.30 per cent, ending at 97.22 points. The northern market index fell total 1.9 per cent in the previous three sessions.
More than 136.4 million shares were traded on both local exchanges, worth VND2.94 trillion (US$130.6 million).
Market trading condition was balanced with 197 stocks advancing and 210 stocks declining.
Among the stock market's 20 sectors, property developers, energy firms and food and beverage producers were among the decliners.
Companies that saw their share prices move down included brewer Sabeco (SAB), dairy producer Vinamilk (VNM), property firm Vingroup (VIC) and gas station operator Petrolimex (PLX).
On the opposite side, PetroVietnam Gas (GAS), Bank for Investment and Development of Viet Nam (BID) and Vietinbank (CTG) were among the gainers, boosting the local stock market.
The afternoon session starts at 1pm.
