Shares turn cautious under selling pressure
Caution recaptured Vietnamese markets on Friday morning as increasing selling pressure weigh down large-caps.
The VN-Index in the Ho Chi Minh Stock exchange slid 0.02 per cent to close the morning trade at 883.68 points.
More than 290.7 million shares were traded on the southern exchange, worth VND3.4 trillion (US$148.1 million).
The VN-Index had gained 0.31 per cent to close at 883.90 points on Thursday.
Large-cap stocks were under strong selling pressure on Friday morning as their tracker VN30-Index was down 0.04 per cent to close at 823.48 points.
There were 13 of the 30 largest stocks by market value and trading liquidity declining while 12 gaining. The rest five were flat.
Notable losers included insurer Bao Viet Holdings (BVH), Vietinbank (CTG), PetroVietnam Gas JSC (GAS), Military Bank (MBB), Masan Group (MSN), Vinhomes (VHM), Vingroup (VIC), Vietjet (VJC), Vietnam National Petroleum Group (PLX) and Phu Nhuan Jewelry (PNJ).
On a sector basis, 10 out of 25 sectors lost ground such as insurance, mining, banking, rubber production, food and beverage, home appliance production and construction.
In the opposite side, gainers were seafood processing, construction materials, healthcare, retail, securities, logistics, information and technology, real estate and agriculture.
The HNX-Index on the Ha Noi Stock Exchange dropped 0.15 per cent to close Friday morning at 117.25 points.
More than 30.9 million shares were traded on the northern exchange, worth VND375 billion.