VN-Index almost falls, real estate and consumer firms advance

Tuesday, Sep 17, 2019 12:25

A grocery store displays Masan products. The company shares gain on Tuesday morning to keep the stock market above the reference line. — Photo

Vietnamese shares traded marginally Tuesday morning while large-cap residential real estate and consumer goods companies advanced to cushion the market.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched up 0.08 per cent to close at 990.63 points.

The VN-Index gained slightly by 0.27 per cent on Monday.

Nearly 105 million shares were traded on the southern bourse, worth nearly VND2 trillion (US$86 million).

The market sentiment turned negative as all sub-indices fell in the morning session.

The large-cap VN30-Index, mid-cap VNMID-Index and small-cap VNSML-Index dropped between 0.10 per cent and 0.35 per cent.

Retailers, banks and tech firms kept being hit by profit-taking pressure after strong gains last week.

The three sector indices were down between 0.2 per cent and 0.5 per cent, data on showed.

Among decliners were Vietinbank (CTG), Military Bank (MBB), HDBank (HDB), Mobile World Investment (MWG) and FPT Corp (FPT).

However, good growth of large-cap residential real estate and consumer goods stocks helped boost the VN-Index above its reference line of 989.86 points.

Those companies were Vinhomes (VHM), Vincom Retail (VRE), dairy producer Vinamilk (VNM), brewer Sabeco (SAB) and Masan (MSN) with growth rates ranging from 0.5 per cent to 1.6 per cent.

On the Ha Noi Stock Exchange, the HNX-Index fell 0.65 per cent to end at 101.55 points.

The northern market index finished Monday at 102.21 points, almost unchanged from last week’s end of 102.20 points.

More than 17.7 million shares were traded on the northern bourse, worth VND224.5 billion.

The afternoon trading session starts at 1pm. — VNS

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