Shares decline on large caps divergence

Tuesday, Oct 10, 2017 12:36

Vietnamese shares went down on Tuesday morning as bank stocks were mixed on profit-taking. — Photo

Shares fell on Tuesday morning on the two national stock exchanges as large-cap stocks expanded divergence.

The VN-Index on the HCM Stock Exchange was down 0.18 per cent to 807.47 points.

On the Ha Noi Stock Exchange, the HNX-Index edged down 0.24 per cent to 108.48 points.

Bank stocks, the main supporter in the market on Monday, differed in performance. While BIDV (BID) and Military Bank (MBB) maintained an upward trend on HCM City's exchange, Vietinbank (CTG), Vietcombank (VCB) and Sai Gon-Ha Noi Bank (SHB) tumbled.

Others such as VPBank (VPB), Sacombank (STB) and Asia Commercial Bank (ACB) remained unchanged.

Decliners outnumbered advancers by 220-160, and 335 closed flat on the two exchanges.

Half of the top 30 largest shares by market value and liquidity on the HCM Stock Exchange lost value and 11 gained.

Some blue chips increased and cushioned the market, including IT group FPT (FPT), Mobile World Group (MWG), insurer Bao Viet Holdings (BVH) and FLC Faros Construction (FLC).

Liquidity declined sharply, with just 97 million shares worth a combined VND1.9 trillion (US$83.4 million) being traded in the two markets.

The afternoon trade session starts at 1pm. — VNS

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