Market faces strong selling pressure

Wednesday, Sep 25, 2019 12:37

Bao Viet headquarters in Ha Noi. Shares of the company dropped 1 per cent on Wednesday morning to VND72,500 a share. — VNS Photo Mai Huong

The market continued to face strong selling pressure on Wednesday morning from the beginning of the trading session.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange dropped 0.49 per cent to close at 983.27 points after rising 0.24 per cent on Tuesday.

More than 99.2 million shares were traded on the southern bourse, worth VND2.6 trillion (US$110.6 million).

Many large-caps were hit strongly, including Bao Viet Holdings (BVH), down by 1 per cent to VND72,500 per share, FLC Faros Construction Corporation (ROS), decreasing by 2.4 per cent to VND26,350 per share, Tien Phong Bank (TPB) losing by 1.3 per cent to VND22,000 per share, Vinamilk (VNM) declining by 0.4 per cent to VND126,400 per share, and PetroVietnam Gas JSC (GAS) dropping by 1.4 per cent to VND102,000 per share.

These stocks were among the large-caps that declined and pushed the large-cap VN30-Index down 0.34 per cent to end at 907,65 points.

On the Ha Noi Stock Exchange, the HNX-Index lost 0.15 per cent to end at 103.85 points.

The northern market lost 0.36 per cent on Tuesday.

More than 24.2 million shares were traded on the exchange, worth VND395 billion.

The afternoon trading session starts at 1pm. — VNS

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