Growth slows down as investors sell shares

Tuesday, Sep 19, 2017 12:45

On the HCM Stock Exchange, the VN Index inched up 0.08 per cent to close Tuesday morning at 808.53 points. — Photo

Shares maintained an upward trend on the two exchanges on Tuesday morning but growth slowed as a few investors began to sell shares to realise profits.

On the HCM Stock Exchange, the VN Index inched up 0.08 per cent to 808.53 points.

The market breadth was neutral, with 128 stocks rising, 126 falling and 89 remaining flat.

Large-cap stocks saw a divergence. Of the top 30 largest shares by market value and liquidity, 10 advanced, 10 declined and 10 closed unchanged.

Vinamilk (VNM), PV Gas (GAS), Vietcombank (VCB) and Sacombank (STB) were among the losers, while FPT (FPT), Mobile World Group (MWG), BIDV (BID), Bao Viet Holdings (BVH) and Masan Group (MSN) maintained an upward trend.

On the Ha Noi Stock Exchange, the HNX Index rose by 0.25 per cent to 105.40 points.

The two indices have been on an upswing for the past month, and many investors have begun to sell shares to earn short-term profits.

The VN Index expanded over 5 per cent in the past four weeks, while the HNX Index increased by 4.3 per cent.

Some 136.5 million shares worth a combined VND2.4 trillion (US$105.7 million) were traded in the two markets.

The afternoon trade session starts at 1pm. VNS

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