Shares slump after three-day rally
Shares declined after a three-day rise on Friday morning as investors locked in profits in large-cap stocks.
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) lost 0.03 per cent to close at 982.96 points.
The index had climbed 2.9 per cent in the last three sessions.
More than 293.4 million shares were traded on the southern exchange on Friday morning, worth VND5.3 trillion (US$228.7 million).
The VN30 Index, which tracks the performance of the 30 largest stocks by market capitalisation and liquidity on HoSE, declined 0.08 per cent to end Friday morning at 944.13 points.
The market could not sustain the morning rise as many heavyweight stocks declined toward the end of the session, such as Vietinbank (CTG), PetroVietnam Gas JSC (GAS), Military Bank (MBB), Masan Group (MSN), Mobile World Group (MWG), Sabeco (SAB), SSI Securities Corp (SSI) and Techcombank (TCB).
On the Ha Noi Stock Exchange, the HNX-Index lost 0.50 per cent to 146.11 points.
Nearly 45 million shares were traded on the northern exchange, worth VND775.4 billion.