Shares struggle on low liquidity
Shares struggle on low liquidity
Shares struggled on Wednesday morning on a negative note due to poor investor sentiment and low liquidity.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange edged down 0.16 per cent to end Wednesday's session at 841.83 points.
The index had risen 0.21 per cent to end Monday's session at 843.20 points.
Market liquidity stayed low with nearly 155 million shares were traded on the southern exchange, worth VNĐ2.4 trillion (US$103.6 million).
Market breadth was negative with 124 gainers and 225 decliners.
The blue-chip index VN30, which tracks the performance of the 30 largest stocks by market capitalisation and liquidity on HoSE, declined 0.14 per cent to 783.20 points.
Sixteen of the 30 largest stocks by market capitalisation and trading liquidity in the large-cap basket decreased while eight increased.
Notable decliners included PetroVietnam Gas JSC (GAS), Novaland (NVL), FPT Corporation (FPT), Sabeco (SAB), PV Power (POW), Vinhomes (VHM), Vietjet (VJC), Vinamilk (VNM) and Vincom Retail (VRE).
On the Ha Noi Stock Exchange, the HNX-Index went up 1.27 per cent to end Tuesday morning at 115.09 points.
Nearly 34.5 million shares were traded on the two exchanges, worth VND462.5 trillion.
