Shares moved in the opposite direction on Friday morning on the two local stock exchanges with around 85 million shares worth VND1.7 trillion (US$75 million) being traded. — Photo tinnhanhchungkhoan.vn

Shares moved in the opposite direction on Friday morning on the two local stock exchanges.

The VN Index on the HCM Stock Exchange rose 0.52 per cent to 786.85 points, while on the Ha Noi Stock Exchange, the HNX Index edged down 0.19 per cent to 103.68 points.

Money continued to pour into the main bourse in HCM City with around 85 million shares worth VND1.7 trillion (US$75 million) being traded there; only 19 million shares worth VND267 billion were traded in the Ha Noi market.

The market saw huge divergence, and big companies in finance, energy and food-beverage rose, such as lender BIDV, insurer Bao Viet Holdings, private equity Masan Group, Vinamilk, brewery Sabeco, Saigon Securities Inc, PV Gas and PetroVietnam Drilling and Wells Service.

On the negative side, Sacombank, Vietinbank, FPT Corp, steelmakers Hoa Phat Group and Hoa Sen Group, Novaland Investment Group slumped and weighed down the market.

Speculative stocks such as FLC Group, Ocean Group, FIT Group, HAI Agrochem and Hoang Quan Consulting-Trading-Service Real Estate remained under selling pressure with several million shares being traded, but most are being traded under the reference threshold.

The afternoon session starts at 1pm. — VNS