Shares correct on investor caution

Thursday, Aug 30, 2018 12:16

An investor looks at a screen showing a bond auction result at the Ha Noi Stock Exchange. — VNS Photo Thai Ha

Shares suffered another correction during Thursday morning’s session as cautious sentiment still lingered and the market trend was highly dependent on the movement of large-caps.

The benchmark VN-Index on the HCM Stock Exchange lost 0.07 per cent to close at 987.52 points, extending its loss of 0.71 per cent on Wednesday.

The HNX Index on the Ha Noi Stock Exchange gained 0.12 per cent to end at 112.92 points. It gained 0.48 per cent on Wednesday.

More than 110.3 million shares were exchanged on the two bourses, worth VND2.3 trillion (US$98 million).

Market trading was negative with 160 gaining stocks and 198 decliners.

The blue-chip VN30 Index, which tracks the 30 largest shares by market capitalisation, was down 0.03 per cent to 964.73 points.

Large-caps were strongly hit, with decliners including Joint Stock Bank for Investment and Development (BID), FPT Corporation (FPT), Kido’s Corporation (KDC), FLC Faros Construction Joint Stock Company (ROS), brewery Sabeco (SAB), Saigon Securities Incorporation (SSI) and dairy firm Vinamilk (VNM).

In particular, petroleum stocks made gains thanks to an increase in global oil prices. PVS and PVD were up 1 per cent, PVC advanced 1.5 per cent and GAS was up 0.2 per cent. WTI crude oil rose 1.4 per cent to trade at $69.51 per barrel. Brent crude oil rose 0.98 per cent to $77.04 per barrel.

The afternoon trading session starts at 1pm. — VNS

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