Shares end the morning mixed on investor worries

Friday, Jul 06, 2018 13:13

Investors watch stock prices at Saigon Securities Inc’s branch in Ha Noi. — VNS Photo Doan Tung

Vietnamese shares were mixed on Friday morning with low trading liquidity as investors remained worried over global trade tensions.

The benchmark VN Index on the HCM Stock Exchange tumbled 0.16 per cent to close at 897.97 points.

The HNX Index on the Ha Noi Stock Exchange gained 1.82 per cent to end at 98.14 points.

The two stock indices had declined 1.7 per cent and 3.6 per cent, respectively, on Thursday.

More than 90 million shares were traded on the two local exchanges, worth VND1.7 trillion (US$74.5 million)

The number of declining stocks outnumbered that of gainers by 196 to 165, indicating a temporary negative outlook.

The market continued to experience volatility on Friday morning amid rising trade tension between the United States and China. China said on Thursday it would retaliate with tariffs on US products as the US will officially impose tariffs on $34 billion worth of Chinese goods on Friday.

Large-cap stocks underperformed as the VN30 Index, which tracks the performance of the 30 largest companies by market capitalisation and liquidity, fell 0.02 per cent to 883.61 points.

Some of losers in the VN30 basket were property developer Vingroup, Vincom Retail and Masan Group. — VNS

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