Shares drop further on low liquidity
Shares drop further on low liquidity
Shares ended Tuesday morning on a negative note with sideways movements and slight fluctuations among declining liquidity.
The VN-Index on the Ho Chi Minh Stock (HoSE) exchange lost 0.04 per cent to end trading at 849.80 points.
The index had lost 0.07 per cent to end Monday at 850.15 points.
Market liquidity stayed low with more than 138.6 million shares traded on the southern exchange, worth VND2.1 trillion (US$91 million).
Market breadth was positive with 202 gainers and 158 decliners.
The blue-chip index VN30, which tracks the performance of the 30 largest stocks by market capitalisation and liquidity on HoSE, declined 0.08 per cent to end Tuesday morning at 790.91 points.
Eight of the 25 sector indices on the stock market declined while the other 17 increased.
Declining indices included retail, real estate, energy and banking, which all fell by between 0.05 and 0.5 per cent, data on vietstock.vn showed.
On the positive side, wholesale, insurance, information and technology, securities, agriculture and seafood production were among the gainers.
Large-cap stocks such as Masan Group (MSN), Mobile World Group (MWG), Viet Nam National Petroleum Group (PLX), Phu Nhuan Jewelry (PNJ), Sabeco (SAB), Vietjet (VJC), Vinamilk (VNM), Hoa Phat Group (HPG), HDBank (HDB) and Vincom Retail (VRE) all dropped, putting pressure on the market.
Some blue-chips managed to move up, supporting indices, such as PV Power (POW), SSI Securities Incorporation (SSI), Petro Vietnam Gas JSC (GAS), Vingroup (VIC), Vietcombank (VCB), Techcombank (TCB), FPT Corporation (FPT) and Novaland (NVL).
On the Ha Noi Stock Exchange, the HNX-Index gained 0.05 per cent to end Monday's session at 117.27 points.
More than 39 million shares were traded on the northern exchange, worth VND627 billion.
