Large-caps retreat, VN-Index falls from four-day rally
Vietnamese shares slid on Friday morning as large-caps retreated from previous gains.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange fell 0.76 per cent to end at 856.19 points.
The benchmark had gained a total of 4.32 per cent in the previous four trading days.
More than 171.6 million shares were traded on the southern bourse, worth VND2.84 trillion (US$121.4 million).
Large-cap stocks pulled the market down as investors sought profits from their previous four-day rallies.
The large-cap tracker VN30-Index slipped 1.05 per cent with 26 of the 30 largest stocks by market capitalisation and trading liquidity ending the morning session on the negative side.
Among the worst decliners were HDBank (HDB), Techcombank (TCB), residential real estate firm Vinhomes (VHM), aviation firm Vietjet (VJC), VPBank (VPB) and PetroVietnam Gas (GAS).
Small-cap and mid-cap indices also suffered from the fall of large-cap stocks.
The minor HNX-Index on the Ha Noi Stock Exchange rose 1.29 per cent to close Friday morning at 107.10 points.
The northern market index had lost a total of 2.84 per cent in the previous two days.
More than 41 million shares were traded on the northern market, worth VND433.7 billion.
The afternoon trading session starts at 1pm.