Shares lost ground on selling pressure
Shares lost ground on selling pressure
Vietnamese shares ended lower on Monday morning due to strong selling pressure.
The VN-Index on the Ho Chi Minh Stock exchange lost 0.76 per cent to end the morning session at 844.30 points.
The index had gained 1.1 per cent last week.
More than 128 million shares were traded on the southern exchange, worth VND2 trillion (US$86.7 million).
Market breadth was negative with 92 gainers and 288 decliners.
The blue-chip index VN30, which tracks the performance of the 30 largest stocks by market capitalisation and liquidity on HoSE, declined 0.80 per cent to end Monday morning at 785.67 points.
Twenty-six of the 30 largest stocks by market capitalisation and trading liquidity in the large-cap basket decreased.
Pillar stocks lost ground due to selling pressure, including HDBank, Military Bank, Mobile World Group, Phu Nhuan Jewelry, PV Power, Sabeco, Vinhomes, Vingroup and Vincom Retail.
On the Ha Noi Stock Exchange, the HNX-Index lost 0.35 per cent to end Monday morning session at 115.83 points.
The northern market index had gained 3.06 per cent last week.
More than 20.1 million shares were traded on the northern exchange, worth VND237.8 billion.
