Shares fall as market lacks positive news
Shares fall as market lacks positive news
Vietnamese shares retreated on Monday morning as investors were still cautious about the market's short-term outlook amid a lack of supportive information.
The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) lost 0.72 per cent to close the morning trade at 1,259.75 points.
The market's breadth was negative with 95 stocks increasing while 265 stocks declined.
The liquidity was low as over VNĐ8.7 trillion was poured into the market, equivalent to a trading volume of more than 260.5 million shares.
The VN30-Index, which tracks 30 biggest stocks on the southern bourse, witnessed a loss of 0.78 per cent to 1,390.56 points. Of the VN30 basket, five stocks climbed while 22 stocks slid.
The worst performers in VN30 group was VPBank (VPB) with a decrease of more than 3 per cent. Military Bank (MBB) ranked second with a loss of 2.7 per cent. Other large-cap stocks that fell deeply were Vietnam National Petroleum Group (PLX), Mobile World Group (MWG) and Hoa Phat Group (HPG).
On the Ha Noi Stock Exchange (HNX), the HNX-Index also declined 0.58 per cent to 300.04 points.
Meanwhile, foreign investors kept fleeing from the market.
