Shares advance amid increased profit taking

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Local shares ended Tuesday morning on a positive note amid strong profit taking pressure

Vietnamese shares struggled to gain on Tuesday morning. - Photo tinnhanhchungkhoan.vn

Local shares ended Tuesday morning on a positive note amid strong profit taking pressure.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched up 0.18 per cent to end at 880.29 points.

The VN-Index gained 1.64 per cent on Monday.

The HNX-Index on the Ha Noi Stock Exchange was up 0.55 per cent to close at 114.77 points.

The northern market index jumped 3.94 per cent in the first trading day of the week.

Nearly 300 million shares were traded on the two exchanges, worth VND4.17 trillion (US$179.6 million).

The local market swung as investors tried to sell assets to earn some profits.

The large-cap tracker VN30-Index edged up 0.34 per cent in the morning session, with 17 of the 30 largest stocks by market value and trading liquidity declining.

Among gainers in the large-cap basket were HDBank (HDB), Eximbank (EIB), brewer Sabeco (SAB), consumer firm Masan (MSN), Vietinbank (CTG) and PetroVietnam Gas (GAS).

While large-caps progressed, mid-cap and small-cap stocks were mixed. Mid-cap tracker VNMID-Index gained 0.04 per cent while small-cap tracker VNSML-Index slid 0.12 per cent.

The afternoon trading session starts at 1pm. – VNS

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