Shares shake on selling pressure
Vietnamese shares struggled to stem a bearish mood on Wednesday morning but selling pressure still weighed down on the overall market.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange lost 0.06 per cent to end the morning session at 1,130.36 points.
Nearly 728.3 million shares were traded on the southern bourse, worth VND14.8 trillion (US$642.5 million).
The large-cap tracker VN30-Index was up 0.29 per cent to 1,110.56 points.
Half of the 30 large-cap stocks in the VN30 basket decreased.
A number of blue-chips lost ground such as insurer Bảo Việt Holdings (BVH), steel maker Hoà Phát Group (HPG), Masan Group (MSN), Vingroup (VIC), Vinamilk (VNM), Vietnam National Petroleum Group (PLX), Vincom Retail (VRE), Phú Nhuận Jewelry (PNJ), Vinhomes (VHM) and Mobile World Group (MWG).
Banking group also slumped with Vietcombank (VCB), Military Bank (MBB), VPBank (PVB) and Techcombank (TCB) all falling.
On the Ha Noi Stock Exchange, the HNX-Index rose 1.7 7 per cent to 227.99 points.
More than 122 million shares were traded on the northern market, worth VNĐ1.5 trillion.
The afternoon trading session starts at 1pm.