VN-Index extends losses on large-cap stocks
The stock market ended mixed on Wednesday morning, with the VN-Index continuing its downtrend, due to lingering selling pressure on large-cap stocks.
The market benchmark VN-Index extended losses, down 0.9 points, or 0.07 per cent, to 1,338.8 points. However the market's breath showed signs of improvement as 211 stocks climbed, while 177 stocks declined.
Despite that, the liquidity was lower than yesterday with over 385.2 million shares traded on the market, worth nearly VND9.7 trillion.
The VN30-Index, which tracks 30 biggest stocks on HoSE, lost 0.39 points, or 0.03 per cent, to 1,437.77 points. Of the VN30 basket, 11 stocks increased while 15 stocks slid.
Vingroup (VIC) posted the biggest losses in the morning trade, down 0.65 per cent. Other big names weighing the index were Saigon Beer - Alcohol - Beverage Corporation (SAB), Vietcombank (VCB), Vietnam Airlines (HVN) and Vinamilk (VNM).
On the other hand, the index still received support from some pillar stocks, including Masan Group (MSN), Hoa Phat Group (HPG) and Vinhomes (VHM).
On Ha Noi Stock Exchange (HNX), the HNX-Index, meanwhile, rebounded this morning, up 0.76 per cent to 350.51 points.