Shares gain but large-caps vary
Shares managed to gain on Wednesday morning but the market witnessed strong fluctuation in share prices.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched up 0.05 per cent to close at 953.88 points.
The index dropped 0.61 per cent to close Tuesday at 953.43 points.
The large-cap VN30-Index rose 0.21 per cent to stand at 870.48 points.
Nineteen of the 30 largest stocks by market value and trading liquidity in the VN30 basket increased while seven decreased.
The market witnessed differentiation in pillar stocks on morning session. Masan Group (MSN) placed the biggest pressure on the VN-Index so it could not recover strongly. MSN dropped 4.4 per cent to VND61,400 per share and matched 2.9 million shares, of which foreign investors sold 2.29 million shares.
Meanwhile, other large-cap stocks such as VPBank (VPB), Vinamilk (VNM), Vingroup (VIC), Vietcombank (VCB), Mobile World Group (MWG) and HDBank (HDB) all increased and helped support the overall market.
More than 97 million shares were traded on the southern bourse during the morning session, worth VND2 trillion (US$86 million).
On the Ha Noi Stock Exchange, the HNX-Index rose 0.41 per cent to end Tuesday morning at 101.48 points.
More than 15.7 million shares were traded on the northern bourse, worth VND174 billion.
The northern market index was down 1.56 per cent to end Monday at 100.90 points.
The afternoon trading session starts at 1pm.