Shares volatile on investor caution

Tuesday, Oct 18, 2016 13:11

The recovery of some large-cap stocks helps VN-Index regain its "green" colour in the morning. — Photo

HA NOI (Biz Hub) — Shares were volatile in morning trade as investors were worried about a further decline in the market.

On the HCM Stock Exchange, the VN-Index managed to inch up 0.1 per cent to 681.4 points, after dropping below the reference threshold for most of the morning trade. It decreased 0.9 per cent yesterday.

On the Ha Noi Stock Exchange, the HNX-Index sank for the second day, down 0.3 per cent to close at 84.7 points.

Some large-cap stocks still lost value, including lender BIDV (BID), real estate developer VinGroup (VIC), PV Gas (GAS) and Military Bank (MBB).

However, some stocks recovered and cushioned the market, such as dairy giant Vinamilk (VNM), Vietcombank (VCB), private equity firm Masan Group (MSN) and insurer Bao Viet Holdings (BVH).

Market breadth was negative as 222 of 692 stocks declined, 157 increased and 344 closed unchanged.

Nearly 102 million shares worth VND1.3 trillion (US$59 million) were traded in the two markets by the end of the morning.

Afternoon trade starts at 1pm. — VNS

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