Market struggles on return of selling force
Market struggles on return of selling force
The stock market was mixed on Thursday morning, with the VN-Index declining after breaking the 1,300 point-level in the previous session.
On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index decreased by 2.21 points, or 0.17 per cent, to 1,305.7 points.
The market's breadth was negative with more stocks sliding, while liquidity also fell over the previous trade.
Foreign investors were still net buyers on the southern market with a value of nearly VNĐ271 billion.
The index's reversal was due to sell-off activities triggered by strong gains in the last trade. The VN30-Index, tracking the 30 biggest stocks on HoSE, also edged down 3.01 points, or 0.22 per cent, to 1,339.02 points.
Vietcombank (VCB) led the downside risk this morning, down 1.52 per cent. It was followed by Vinhomes (VHM), PV Gas (GAS), Vinamilk (VNM) and FPT Corporation (FPT), all down in a range of 0.78-1.13 per cent.
Losses were pared by rallies of some large-cap stocks, including Hoa Phat Group (HPG) and Vietnam Rubber Group (GVR), up 3.34 per cent and 2.03 per cent, respectively.
On the Ha Noi Stock Exchange (HNX), the HNX-Index inched up 0.48 points, or 0.15 per cent, to 311.41 points.
