VN-Index up marginally, foreign investors continue net sells
Shares gained slightly on the Ho Chi Minh Stock Exchange on Friday morning, supported by the positive performance of blue chips, but prolonged foreign net selling continued to weigh on investor sentiment.
The VN-Index inched up 0.16 per cent at 988.92 points.
Twenty of the top 30 shares by market value and liquidity gained value and only four lost. The other six remained unchanged.
Biggest companies by market value such as Vingroup, Vinamilk, Vietcombank, Vietinbank, PV Gas and Sabeco rose by less than 1 per cent.
Vincom Retail, a subsidairy of Vingroup, also rose 0.9 per cent.
By sector, speculative stocks such as securities, real estate, construction and petroleum were bleak.
Liquidity was low with just 79.6 million shares worth more than VND2 trillion (US$86 million) traded on the southern market.
On the Ha Noi Stock Exchange, the HNX-Index edged down 0.15 per cent to end the morning trade at 105 points. Only 13 million shares worth VND159 billion were exchanged here.
On the Unlisted Public Company Market (UPCoM), the UP-Index was marginally down 0.1 per cent at 56.55 points.
Foreign investors extended their net selling streak on the three markets for combined value of VND95 billion. Their sells focused on large caps such as Vingroup (VND66 billion), Vinhomes (VND16 billion) and Ho Chi Minh Development Bank (VND12 billion).
The afternoon trade starts at 1pm.