Shares fall as investors become cautious

Friday, Mar 06, 2015 12:03

Stocks extend loss on Friday morning on the HCM Stock Exchange. — VNA/VNS Photo

HA NOI (Biz Hub) — Stocks extended losses this morning on the HCM Stock Exchange, with the VN-Index falling by another 0.28 per cent to close at 595.26 points.

Blue chips were mixed, but thanks to modest growth of large-cap stocks such as Military Bank (MBB), Eximbank (EIB) and Masan Group (MSN), the VN30 - which tracks the top 30 shares by market value and liquidity - inched up 0.17 per cent to stand at 626.34 points.

Investors became more cautious after a slump yesterday, as was evident in the fall in both market volume and value this morning. Only 56 million shares worth VND952 billion (US$44.5 million) were traded by the end of the morning.

FLC Group (FLC) led the trading here, with 5.7 million of its shares being exchanged at VND11,200 per share.

On the Ha Noi Stock Exchange, the HNX-Index also went down 0.06 per cent to end at 86.76 points.

Liquidity fell, with just 20 million shares worth VND254.5 billion ($12 million) being traded.

Only three shares saw trading of more than one million shares. KLF Joint Venture Global Investment Co (KLF) was the most active code, with the trading of 2.5 million of its shares at VND10,700 per share.

The afternoon session will start at 1pm. — VNS

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