The market reversed to fall on Wednesday morning as selling pressure created a divergence among groups of stocks and derailed the market from its short-term uptrend. -- Photo cafe.vn

The market reversed to fall on Wednesday morning as selling pressure created a divergence among groups of stocks and derailed the market from its short-term uptrend.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange lost 0.04 per cent to end the morning trade at 928.68 points.

The benchmark inched up 0.10 per cent to end Tuesday at 929.09 points.

Nearly 112.9 million shares, worth VND2 trillion (US$86 million), were traded on the southern bourse.

The blue-chip tracker VN30-Index gained 0.19 per cent to stand at 847.16 points.

Sixteen of the 30 largest stocks by market value and trading liquidity in the VN30 basket increased while 14 declined.

Among blue-chips, the losers were Masan Group (MSN), Hoa Phat Group (HPG), Vietcombank (VCB), Vingroup (VIC), Vinamilk (VNM), Sabeco (SAB), Vietjet (VJC), Phu Nhuan Jewellery (PNJ) and Bank for Investment and Development of Vietnam (BID).

In the opposite direction, Bao Viet Holdings (BVH), FPT Corporation (FPT), Vietinbank (CTG), PetroVietnam Gas JSC (GAS), Vincom Retail (VRE), Mobile World Group (MWG), Military Bank (MBB) and Vinhomes (VHM) were among the gainers that helped balance the market.

The mining sector was the best-performing of the 25 sectors on the stock market, data on vietstock.vn showed.

The banking sector index rose 2.3 per cent, followed by technology, insurance, securities, banking, retail, seafood processing, rubber production, construction material and electricity.

On the Ha Noi Stock Exchange, the HNX-Index increased 0.71 per cent to end Wednesday morning at 103.30 points.

The northern market index had risen 1.25 per cent to end Tuesday at 102.57 points.

More than 20.8 million shares were traded on the northern bourse, worth VND202 billion. — VNS