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The benchmark VN-Index on the HCM City Stock Exchange retreated to 498 points, off 0.1 per cent from yesterday's close.— Photo hanoimoi
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HA NOI (Biz Hub)-- Despite some fluctuations, shares closed lower on both stock exchanges this morning.
The benchmark VN-Index on the HCM City Stock Exchange retreated to 498 points, off 0.1 per cent from yesterday's close.
Blue chips continued to lead the market fall with the VN30 tracking the top 30 shares on the bourse also down 0.21 per cent to 557.22 points.
Trading volume was modest due to investor fear of a prolonged downturn and just over 40 million shares, worth VND755.34 billion (US$36 million), were exchanged by the end of the morning.
Only six codes had trades of over 1 million shares, of which Tan Tao Investment Industry Corp (ITA) was again the most active with nearly 3 million shares changing hands at a value of VND7,600 each.
On the Ha Noi Stock Exchange, the HNX-Index also dropped 0.73 per cent to close at 64.35 points with a sluggish trading value of VND188.2 billion ($9 million).
Sai Gon-Ha Noi Bank (SHB) is temporarily leading the northern market's trades with 4.17 million shares exchanged at a price of VND7,000.
According to analysts from Vietcombank Securities Co, continuous net sells by foreign investors negatively affected domestic investors' psychology. Meanwhile, portfolio restructuring of exchange-traded funds (ETF) diffused investments.
However, they suggest investors to hold on to their shares as prices have declined a lot after six consecutive falling sessions.
Despite some fluctuations, shares closed lower on both stock exchanges this morning.
The benchmark VN-Index on the HCM City Stock Exchange retreated to 498 points, off 0.1 per cent from yesterday's close.
Blue chips continued to lead the market fall with the VN30 tracking the top 30 shares on the bourse also down 0.21 per cent to 557.22 points.
Trading volume was modest due to investor fear of a prolonged downturn and just over 40 million shares, worth VND755.34 billion (US$36 million), were exchanged by the end of the morning.
Only six codes had trades of over 1 million shares, of which Tan Tao Investment Industry Corp (ITA) was again the most active with nearly 3 million shares changing hands at a value of VND7,600 each.
On the Ha Noi Stock Exchange, the HNX-Index also dropped 0.73 per cent to close at 64.35 points with a sluggish trading value of VND188.2 billion ($9 million).
Sai Gon-Ha Noi Bank (SHB) is temporarily leading the northern market's trades with 4.17 million shares exchanged at a price of VND7,000.
According to analysts from Vietcombank Securities Co, continuous net sells by foreign investors negatively affected domestic investors' psychology. Meanwhile, portfolio restructuring of exchange-traded funds (ETF) diffused investments.
However, they suggest investors to hold on to their shares as prices have declined a lot after six consecutive falling sessions.— VNS