VN-Index fails to stick at 1,000 points
VN-Index fails to stick at 1,000 points
The VN-Index surpassed 1,000 points on Tuesday morning but failed to maintain the high level due to profit taking.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.03 per cent to close at 998.23 points.
The benchmark index edged up 0.46 per cent to end at 997.94 points on Tuesday.
Nearly 68 million shares were traded on the southern bourse, worth VND1.6 trillion (US$65 million).
The large-cap VN30-Index fell 0.12 per cent to end at 887.50 points.
Twenty of the 30 largest stocks by market capitalisation and trading liquidity in the VN30 basket declined while only six increased.
Among decliners was the Bank for Investment and Development (BID), dropping 1.7 per cent to VND35,200 per share after announcing poor second quarter financial results.
In the second quarter, net profit of the company reached VND9.1 trillion, 10 per cent higher than the same period last year. Post-tax profit fell by 7 per cent to VND1.8 trillion.
After six months, net profit increased by 3 per cent to VND15.5 trillion. However, provision expenses increased by 7 per cent, dragging pre-tax profit down by 4 per cent to VND4.5 billion, equivalent to 45 per cent of the yearly plan. Profit after tax decreased nearly 5 per cent to VND3.8 trillion.
On the Ha Noi Stock Exchange, the HNX-Index lost 0.28 per cent to end at 104.99 points.
The northern market index fell 1.05 per cent to close at 105.29 points on Tuesday.
Only 15.7 million shares were traded on the northern bourse, worth VND202 billion.
The afternoon trading session starts at 1pm.
