Market opens new week on negative note
Market opens new week on negative note
Shares reversed course on Monday morning as domestic investors' sentiment was affected by the US market.
On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index fell 0.31 per cent to 1,373.47 points. The market's breadth was negative with 221 stocks declining while 171 stocks rose.
The market liquidity stayed high as nearly 479 million shares were traded on the southern market, worth nearly VND13.9 trillion (US$602.2 million).
The selling pressure reappeared from the beginning of the session, causing losses of many large-cap stocks. The VN30-Index fell by 0.2 per cent to 1.478.4 points.
Of the VN30 basket, 19 stocks slid while only nine increased.
Bank stocks were leading the market's trend, with JSC Bank for Investment and Development of Vietnam (BID) posting the biggest loss, down 2.6 per cent.
It was followed by Vietcombank (VCB), Techcombank (TCB) and SeaBank (SSB), down 0.74 - 2.35 per cent.
However, the losses were capped by gains in some real estate and utilities stocks, like No Va Land Investment Group Corporation (Novaland, NVL), Viet Nam National Petroleum Group (Petrolimex, PLX), and PetroVietnam Gas Joint Stock Corporation (PVGAS, GAS).
On the Ha Noi Stock Exchange (HNX), the HNX-Index also lost 0.51 per cent to 317.1 points.
