The market edged lower on Wednesday morning as many big stocks across key sectors faced strong selling pressure.
The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) dropped 0.2 per cent to 1,253.52 points, while the market breadth stayed positive. During the morning session, 202 stocks climbed and 190 stocks declined.
The market's liquidity was lower than yesterday with over 369.47 million shares being traded on HoSE, worth nearly VND11.11 trillion.
The fall was mainly due to losses of large-cap stocks. The VN30-Index posted a loss of 0.1 per cent to 1,357.88 points. 15 of 30 biggest stocks of the VN30 basket slid, while 12 stocks rose.
Many big stocks from key sectors including banking, real estate, material, and information technology fell this morning.
Vingroup JSC (VIC) led the downward trend, dropped 1.6 per cent. It was followed by VPBank (VPB) and Vinhomes JSC (VHM) with a decrease of 1.11 per cent and 1.02 per cent, respectively.
Vietnam Dairy Products JSC (Vinamilk, VNM), Hoa Phat Group (HPG) and FPT Corporation (FPT) also lost more than 0.5 per cent.
On the Ha Noi Stock Exchange (HNX), the HNX-Index reduced by 0.28 per cent to 278.99 points. The HNX30-Index inched 0.05 per cent lower to 417.18 points. VNS