Shares slide as selling force rises
Shares slide as selling force rises
Share lost ground on Wednesday morning as the strong selling pressure hit large-caps during the morning trading session. 
On the Ho Chi Minh Stock Exchange, the VN-Index dropped 1.93 per cent to 821.35 points.
The index edged up 0.24 per cent to close Tuesday at 837.50 points.
A total of 225.4 million shares worth VND2 trillion ($86 million) was traded in the southern market.
Dragging on the market were energy, agriculture, wholesale, real estate, rubber production, logistics, construction, insurance, technology, retail, healthcare and pharmaceuticals, banking and finance, seafood processing, and food and beverage stocks.
The large-cap tracker VN30-Index – the main driving factor of the stock market – dropped 2.3 per cent to close 771,38 points.
In the VN30 basket, 28 of the 30 largest stocks by market capitalisation and trading liquidity declined while two increased.
Among the worst-performing large-caps were Vietinbank (CTG), FPT Corporation (FPT), PetroVietnam Gas JSC (GAS), Hoa Phat Group (HPG), Masan Group (MSN), Vingroup (VIC), Vinhomes (VHM), Vincom Retail (VRE), Vietcombank (VCB) and Mobile World Group (MWG).
On the Ha Noi Stock Exchange, the HNX-Index decreased 0.86 per cent to end Wednesday morning at 105.29 points.
The northern market index lost 0.14 per cent on Tuesday, ending at 106.20 points.
The afternoon trade starts at 1pm.
