Market mixed on Tuesday morning, threatened by selling pressure
Market mixed on Tuesday morning, threatened by selling pressure
Vietnam's stock market ended mixed on Tuesday morning with the benchmark VN-Index increasing slightly at the end of the session.
On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index rose 0.02% per cent to 1,186.35 points. The market breadth was neutral with 220 stocks climbing, while 208 stocks declined.
Nearly 460.6 million shares were traded on HoSE in the morning session, worth VND11.9 trillion.
During the morning session, the market faced strong selling pressure, resulting in losses of many big stocks. However, it recovered some of the losses at the end of the session.
The 30 large-cap tracker VN30-Index also posted a small gain of 0.06 per cent to 1,192.55 points. Twelve of 30 biggest stocks rose, while twelve slid.
Big stocks witnessing losses were Vingroup JSC (VIC), down 1.11 per cent, Vietnam Dairy Products JSC (VNM), down 0.47 per cent, JSC Bank For Investment And Development of Vietnam (BID), down 0.11 per cent and Vietnam National Petroleum Group (PLX), down 0.68 per cent.
On the Ha Noi Stock Exchange (HNX), the HNX-Index declined by 0.18 per cent to 251.92 points. The HNX30-Index also plunged 0.74 per cent to 372.49 points.
