VN-Index continues to slide
VN-Index continues to slide
Shares were mixed on Friday morning as the market was still under strong selling pressure.
On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index fell 7.8 points, or 0.57 per cent, to 1,366.88 points. The market's breadth was negative with 238 stocks declining while 110 stocks jumped.
The market liquidity was higher than yesterday as nearly VND11.65 trillion (US$505.9 million) was poured into the southern bourse, equivalent to a trading volume of more than 319.67 million shares.
Selling pressure weighing on most sectors was the main reason for the fall. The VN30-Index, tracking 30 biggest stocks in market capitalisation on HoSE, dropped 0.27 per cent to 1,517.15 points.
Of the top five stocks influencing the market, Vietcombank was leading the trend, down 2.25 per cent, followed by No Va Land Investment Group Corporation (Novaland, NVL), Vietnam Rubber Group (GVR) and Vingroup JSC (VIC). All these stocks posted losses of more than 1 per cent.
Meanwhile, on the Ha Noi Stock Exchange (HNX), the HNX-Index inched 0.13 per cent higher in the morning trade to 316.38 points.
On the other hand, foreign investors were net buyers on the southern market, with a net value of VND198.07 billion.
