Shares decline slightly on investor caution
Shares decline slightly on investor caution
Vietnamese shares declined slightly on both local exchanges on Tuesday morning as investors were very cautious as the market approaches the long holiday.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched down 0.30 per cent to close at 909.47 points.
The southern market index inched up 0.36 per cent to close at 912.18 points on Monday.
The HNX Index on the Ha Noi Stock Exchange dropped 0.30 per cent to end at 102.01 points.
The northern market index dropped 0.42 per cent to end at 102.31 points on Monday.
More than 60.6 million shares were traded on the two local exchanges, worth VND1.2 trillion (US$51 million).
Real estate, securities, mining, banking and food and beverage companies were among the firms that lost ground on Tuesday morning.
The industry indices respectively decreased 0.2 per cent and 0.6 per cent, data on vietstock.vn showed.
Large-cap stocks also performed poorly with the blue chip VN30 Index up 0.41 per cent to 865.17 points.
Of the 30 largest stocks by market capitalisation in the VN30 basket, 22 increased including PetroVietnam Gas JSC (GAS), confectionery producer Kido Group (KDC) and VPBank (VPB).
On the opposite side, Vinhomes (VHM), Masan Group (MSN), Bao Viet Holdings (BVH) were the rare large-cap codes which managed to increase during the morning session, contributing to curbing the decline of the common market.
The afternoon trading session starts at 1pm.
