Markets descend amid good news shortage

Tuesday, May 05, 2020 12:26

Vietnamese shares dropped slightly on Tuesday morning, dragged by poor market sentiment as a shortage of good news continued. — Photo

Local shares ended Tuesday morning on a negative note on a lack of good economic and business news.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched down 0.08 per cent to end at 761.88 points.

The VN-Index lost 0.86 per cent on Monday.

The HNX-Index on the Ha Noi Stock Exchange slid 0.06 per cent to close at 105.66 points.

The northern market index dropped 1.05 per cent in the first trading day of the week.

More than 128 million shares were traded on the two local exchanges, worth VND1.75 trillion (US$74.5 million).

The market struggled with low liquidity as investors were unwilling to participate given the lack of good news at the moment.

Large-cap tracker VN30-Index inched up 0.07 per cent while mid-cap and small-cap indices fell 0.19 per cent and 0.20 per cent.

The large-cap VN30-Index itself was mixed with 14 gaining stocks and 12 decliners while four closed flat.

Among declining large-caps were aviation firm Vietjet (VJC), brewer Sabeco (SAB), construction firm Coteccons (CTD), and property developer Vinhomes (VHM).

The afternoon trading session starts at 1pm. — VNS

Comments (0)