Large-caps vary, market treats

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Shares retreated on Wednesday morning as large-caps did not make enough strong gains to support the indices.

Blue chips continued to diverge. Eleven of the top 30 largest shares by market value and liquidity climbed while nine decreased. The other ten closed flat. -- Photo ndh.vn

Shares retreated on Wednesday morning as large-caps did not make enough strong gains to support the indices.

The VN-Index on the Ho Chi Minh Stock Exchange decreased 0.14 per cent to end the morning trade at 958.92 points.

A total of 122 million shares worth nearly VND2.4 trillion (US$103 million) were traded in the southern market.

The benchmark index had lost 0.60 per cent to end Tuesday at 960.30 points.

Blue chips continued to diverge. Eleven of the top 30 largest shares by market value and liquidity climbed while nine decreased. The other ten closed flat.

Masan Group (MSN) was the biggest loser with its price going down 2.3 per cent to VND55,300 per share.

Other bluechips like TPBank (TPB), Việt Nam National Petroleum Group (PLX), Vietinbank (CTG) decreased sharply and placed great pressure on the common market.

On the bright side, gains of some major large caps such as Military Bank (MBB), Saigon-Hanoi Bank (SHB), Sabeco (SAB), Vietjet (VJC) supported the market but their growth was modest.

On the Ha Noi Stock Exchange, the HNX-Index dropped 0.24 per cent to 101.80 points.

The afternoon trading starts at 1pm. — VNS

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