Shares down as investors exercise caution
Shares down as investors exercise caution
Vietnamese shares on both local exchanges declined on Friday, with investors treading with caution due to market volatility.
The benchmark VN Index on HCM Stock Exchange dropped 0.51 per cent to close at 1,166.99 points. It had risen 0.51 per cent on Thursday.
The HNX Index on Ha Noi Stock Exchange fell 0.79 per cent to end at 134.57 points, extending its downtrend from the previous 1.13 per cent decline.
More than 108.8 million shares, worth VNĐ3 trillion (US$131.4 million), were traded on the two local exchanges.
Declining stocks dominated the two bourses, outnumbering gainers by 248 to 173, which proved that investor confidence was quite low in the morning session.
Large-cap stocks underperformed as the VN30 Index lost 0.03 per cent to reach 1,143.14 points, with 21 declining stocks against eight gainers among the 30 largest stocks by market capitalisation.
Across the stock market, banking, securities, mining, retail and insurance were the worst-performing industries.
Their indices declined between 0.2 per cent and 1.5 per cent, according to data of vietstock.vn.
Meanwhile, real estate and agriculture sectors drove the indices against the poor performance of other sectors.
The afternoon trading session starts at 1pm.
