Industrial zone real-estate stocks soften market’s fall
Industrial zone real-estate stocks soften market’s fall
Vietnamese shares extended losses on Tuesday morning but a surge in industrial zone real-estate stocks helped lessen pressure on the market.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange lost 0.94 per cent to close at 963.96 points.
The VN-Index dropped 1.81 per cent to close Monday at 973.15 points.
More than 92 million shares were exchanged on the southern market, worth VNĐ2.3 trillion (US$97 million).
The HNX-Index on the Ha Noi Stock Exchange fell 0.83 per cent to end at 102.06 points.
The northern market index fell 0.77 per cent to end Monday at 102.91 points.
The group of industrial zone real estate stocks rallied this morning, with gainers including Sonadezi Corporation (SNZ), The Việt Nam Rubber Group (VRG), Construction company Becamex IDC Corp (IDC), The Việt Nam Rubber Industry Group JSC (GVR) and Kinh Bắc City Development Holding Corp (KBC) KBC.
Notably, SNZ and VRG hit the daily limit rise of 7 per cent.
Dragging the market down were oil and gas, logistics, agriculture, banking, retail, wholesale, construction, securities, insurance, agriculture, seafood processing, and food and beverages, data on viestock.vn showed.
Large-cap stocks underperformed, pulling the VN30-Index down 0.98 per cent to 863.82 points, with 23 of the 30 largest stocks by market value and trading liquidity declining.
The afternoon trading session starts at 1pm.
