Large-caps gain, narrowing VN-Index’s fall
The decline of the VN-Index was gradually narrowed as the bottom-fishing demand was triggered at low price areas, helping the index drop by just around 1 point.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange lost nearly 1 point or 0.09 per cent to close at 988.31 points.
More than 99 million shares were traded on the southern bourse, worth VND1.8 trillion (US$77 million).
The VN-Index totaled a loss of 0.27 per cent last week.
Dairy firm Vinamilk (VNM) rebounded sharply by 1.5 per cent to trade at VNĐ134,500 per share and was one of the strongest supporters of the VN-Index on Monday morning.
FLC Faros Construction Corporation (ROS), HAI Agrochem Joint Stock Company (HAI), CFS Investment And Import Export Trading JSC (KLF), and BOS Securities Corporation (ART) hit the daily limit rise of 7 per cent.
On the Unlisted Public Company Market, Sai Dong Urban Development And Investment JSC (SDI) hit the daily limit rise of 15 per cent after the information about merging into VinGroup (VIC).
The bank stocks this morning put the greatest pressure on the overall market. VPBank (VPB) plunged 2.5 per cent to VND21,850 per share. Vietnam Thuong Tin Commercial Joint Stock Bank (VBB) decreased by 1.9 per cent to VND15,700 per share. Saigon-Hanoi Bank (SHB) decreased by 1.5 per cent to VND6,500 per share.
On the Ha Noi Stock Exchange, the HNX-Index plunged 0.78 per cent to end at 104.66 points.
Nearly 18 shares were traded on the northern market, worth VND175 billion.
The index had risen 0.21 per cent last week.
The afternoon trading session starts at 1pm.