Markets mixed on divergent large caps

Tuesday, Oct 13, 2020 12:25

Hoa Phat aluminium. Hoa Phat's shares edged down 0.7 per cent on Tuesday morning. — VNA/VNS Photo Pham Kien

The market sent mixed signals on Tuesday morning when large-cap shares diverged on weaker demand.

On the Ho Chi Minh Stock Exchange, the VN-Index edged up 0.11 per cent to close the morning trade at 926.88 points.

Meanwhile, the VN30 which tracks the top 30 shares by market value and liquidity here inched down 0.05 per cent. Large caps seemed to be ‘exhausted’ after a long rally. However, data showed the selling pressure was not too strong while many stocks moved around the reference threshold.

Influential gainers this morning included Vietinbank (up 2.4 per cent), Masan Group (up 1.3 per cent), Vinhomes (up 0.9 per cent) and Vincom Retail (up 0.6 per cent).

On the other end of spectrum, some stocks such as Khang Dien House Trading and Investment, HDBank, Military Bank, Hoa Phat Group, Mobile World Investment and Saigon Securities Inc decreased between 0.7 per cent and 1 per cent each.

Overall, the market breadth was negative with 222 stocks falling, 153 rising and 118 unchanged.

A total of 193 million shares worth VND3.3 trillion (US$142 million) were traded on the southern market.

On the Ha Noi Stock Exchange, the HNX-Index inched down 0.34 per cent to 135.44 points with more than 22 million shares worth VND322 billion being exchanged.

The afternoon trade starts at 1pm. — VNS

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