Local stocks slide, market sentiment poor on lack of good news

Tuesday, Jul 21, 2020 12:31

An investor at An Binh Securities Co. The local market declined on Tuesday morning amid lack of good news. — Photo tinnhanhchungkhoan.vn

Vietnamese shares fell again on Tuesday morning as market sentiment remained poor amid a lack of supportive business news.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange dropped 0.43 per cent to close at 857.69 points.

The VN-Index lost 1.22 per cent on Monday.

Overall market sentiment remained poor as the market was in the stage of missing good news from both business community and macroeconomics.

The large-cap VN30-Index slipped 0.36 per cent to 800.48 points and the VN30 futures, which mature on August 20, slid 0.22 per cent to 794.70 points.

The mid-cap and small-cap indices were down 0.81 per cent and 0.55 per cent, respectively.

In the large-cap basket, 17 of the 30 largest stocks by market value and trading liquidity declined including SSI Securities (SSI), petrol firm Petrolimex (PLX), property firm Vinhomes (VHM), Vietinbank (CTG), and consumer staples group Masan (MSN).

On the opposite side, brewer Sabeco (SAB), real estate firm Novaland (NVL) and retailer Mobile World Investment (MWG) advanced to cushion the market.

Hoang Huy Investment Financial Services JSC (TCH) gained 1.9 per cent after the stock was added to the large-cap basket VN30.

Khang Dien House Trading and Investment JSC (KDH) was also added to the large-cap group but the stock ended flat on Tuesday morning.

On the Ha Noi Stock Exchange, the HNX-Index lost 0.91 per cent to end Tuesday morning at 114.67 points.

The northern market index decreased by 0.93 per cent on Monday.

Nearly 167.6 million shares were traded on the two exchanges, worth VND2.9 trillion (US$125 million).

The afternoon trading session starts at 1pm. — VNS

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