Shares fail to rebound on weak purchases
Shares fail to rebound on weak purchases
Although markets opened the trading day with positive movements, buying demand weakened at the end of the morning session, causing many large-cap stocks to falter and the general market to sink again.
The VN-Index on the Ho Chi Minh Stock Exchange declined 0.49 per cent to 905.70 points by the end of morning trading.
It declined 1.36 per cent to 910.17 points on Thursday.
On the Ha Noi Stock Exchange, the HNX-Index fell 0.55 per cent to end at 102.53 points.
The index lost 0.61 per cent to end at 103.10 points on Thursday.
Some 102.7 million shares worth a combined VND1.9 trillion (US$80 million) were traded on the two markets.
Declining stocks dominated the market with a total of 207 stocks seeing prices fall, while 155 others ended on a positive note.
Poor investor confidence continued to hit stocks on a large scale, led by large-cap companies after the VN30 Index fell 0.29 per cent to sit at 886.25 points at the end of the morning session.
Many large-cap stocks were hit hard, such as the Asia Commercial Bank (ACB), insurer Bảo Việt Holdings (BVH), real estate developer Novaland (NVL), Masan Group (MSN), Vinhomes (VHM) and VPBank (VPB).
The afternoon trading session starts at 1pm.
