Large-caps keep pulling local markets down

Tuesday, Apr 28, 2020 12:40

Cows raised by Vinamilk at its cattle farm in Lâm Đồng Province. – Photo

Vietnamese shares kept falling on Tuesday morning, dragged by large-cap companies.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange dropped 0.73 per cent to end at 765.15 points.

The VN-Index lost 0.76 per cent on Monday.

More than 125.4 million shares were traded on the southern bourse, worth VND2.03 trillion (US$86.3 million).

Of the figure, more than 119 million shares were sold in matched orders, worth VND1.88 trillion.

Large-cap stocks continued to weigh on the market as the large-cap tracker VN30-Index slashed 0.75 per cent to 714.27 points.

Twenty-one of the 30 largest stocks by market value and trading liquidity in the VN30 basket declined while only four increased.

Among decliners were dairy producer Vinamilk (VNM), realty firm Vincom Retail (VRE), Vietcombank (VCB), brewer Sabeco (SAB), steel producer Hoa Phat (HPG), and PetroVietnam Gas (GAS).

VNM lost 2.14 per cent, VRE tumbled 4.0 per cent, VCB and SAB dropped 1.8 per cent each, and HPG was down 1.6 per cent.

On the Ha Noi Stock Exchange, the HNX-Index edged down 0.48 per cent to close at 105.80 points.

The HNX-Index decreased by 0.63 per cent on Monday.

More than 19 million shares were traded on the northern market, worth VND163.8 billion.

The afternoon trading session starts at 1pm. – VNS

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