Shares trade cautiously on morning session
Shares traded cautiouly on Monday morning as selling demand put pressure on the large-cap stocks during the session.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange slid 0.02 per cent to close at 1,022.25 points on Monday morning.
More than 100 million shares were traded on the southern bourse, worth VND2.15 trillion (US$92 million).
The southern index totaled a weekly gain of 0.68 per cent last week.
Selling pressure increased for many large-cap stocks such as Cotec Construction Joint Stock Company (CTD), Masan Group (MSN), FLC Faros Construction Joint Stock Company (ROS) and Vingroup (VIC), pushing the market indexes to below the reference level.
CTD dropped by 1.6 per cent to VND73,300 per share, ROS dropped by 2 per cent to VND24,500 per share, MSN dropped 1 per cent to VND76,000 per share.
PAN Group (PAN) increased by 0.7 per cent to VND29,000 per share after the information that the group has approved its investment plan into Golden Beans Coffee Joint Stock Company, through the acquisition of capital of existing shareholders and newly issued shares.
On the Ha Noi Stock Exchange, the HNX-Index lost 0.01 per cent to end at 107.26 points on Monday morning.
More than 12.1 million shares were traded on the northern bourse, worth VND123 billion.
The afternoon trading session begins at 1pm.