Shares’ upward movement weakens
Shares’ upward movement weakens
Shares’ upward trend weakened during the end of Tuesday morning session, dragged down by large-cap stocks.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange was up slightly by 0.50 per cent to close at 925.62 points. It gained 0.33 per cent the previous day to close Monday at 921.03 points.
The HNX Index on the Ha Noi Stock Exchange fell 0.28 per cent to end at 103.68 points. It fell 0.28 per cent to end Monday at 103.98 points.
On the two local exchanges, declining stocks outnumbered gainers by 187 to 178, while 384 others ended flat.
Blue-chips such as Petro Vietnam Gas JSC (GAS), insurer Bảo Việt Holdings (BVH), Asia Commercial Bank (ACB), TPBank (TPB), Vietcombank (VCB) and VPBank (VPB) all fell and put pressure on the general market.
Negative sentiment also spread to other sectors such as insurance, mining and retail.
In the opposite direction, some large-caps helped the VN-Index maintain upward momentum such as brewery Sabeco (SAB), dairy firm Vinamilk (VNM), Vinhomes (VHM), Vingroup (VIC) and Vinaconex (VCG).
The afternoon trading session starts at 1pm.
