VN-Index edges down on large-cap divergence
VN-Index edges down on large-cap divergence
Shares were mixed on the two exchanges on Wednesday morning as large-cap stocks expanded divergence.
On the HCM Stock Exchange, the VN-Index inched down 0.13 per cent to 804.88 points.
Meanwhile, the HNX-Index on the Ha Noi Stock Exchange edged up 0.32 per cent to 105.06 points.
Large-cap stocks continued to experience divergence.
In the VN30 basket, which tracks the top 30 largest stocks by market value and liquidity on the main bourse in HCM City, 13 advanced and 12 declined.
Top gainers included Vinamilk (VNM), Vietcombank (VCB), IT group FPT (FPT) and steelmaker Hoa Phat Group (HPG), as well as FLC Faros Construction (ROS), PetroVietnam Drilling and Well Services (PVD) and confectionery Kido Group (KDC).
The shares which pulled the market down were BIDV (BID), VinGroup (VIC), brewer Sabeco (SAB) and Masan Group (MSN), as well as insurer Bao Viet Holdings (BVH) and Saigon Securities Inc (SSI).
Investors became more cautious, which was demonstrated by the declining liquidity.
Only 116.4 million shares worth VND2 trillion (US$89 million) were traded in the two markets in the morning.
The afternoon trade session starts at 1pm.
