VN stocks end lower amid lack of support
Vietnamese shares slid on Monday morning as large-caps were weighed down by poor market sentiment.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange was down 0.12 per cent to end at 967.40 points.
The VN-Index gained a total of 0.35 per cent last week.
More than 81 million shares were traded on the southern market, worth VND1.4 trillion (US$60.6 million).
Large-cap stocks performed badly as market trading was quiet during the pre-Tet period and amid a lack of supportive business news.
The blue-chip VN30-Index edged down 0.22 per cent to close at 883.61 points.
Among decliners in the large-cap VN30 basket were FLC Faros Construction (ROS), Bank for Investment and Development of Vietnam (BID), logistics firm Gemadept (GMD) and property developer Novaland (NVL).
Poor market sentiment also brought down mid-cap and small-cap stocks.
On the southern bourse, declining stocks outnumbered gainers by 186 to 107, while 57 stocks ended flat.
On the Ha Noi Stock Exchange, the HNX-Index also slipped 0.12 per cent to end at 102.10 points.
The northern market index fell a total of 0.17 per cent last week.
Nearly 15.2 million shares were traded on the northern bourse in the morning session, worth VND161 billion.
The afternoon trading session starts at 1pm.