Shares fell on Thursday morning as selling pressure weighed on the market. However, fertiliser stocks still recorded outstanding performance.

On the Ho Chi Minh Stock Exchange (HoSE), the benchmark VN-Index decreased by 26.52 points, equivalent to 2.23 per cent, to 1,160.43 points. The plunge was due to selling pressure across all sectors.

The index has kept falling in the morning and bouncing back later in recent sessions.

The market breadth was negative with 378 stocks falling, while 80 stocks climbed.

The large-cap tracker VN30-Index also dropped sharply in the morning session. The index slid 2.51 per cent, equivalent to over 30 points, to 1,165.59 points. Of the VN30 basket, 29 stocks declined while only one stock rose.

The only stock witnessing growth was Vingroup JSC (VIC), up 0.28 per cent.

Despite the downward trend of the market, fertiliser stocks still performed well. The Southern Fertilizer JSC (SFG) hit the maximum daily gain of 7 per cent. Other stocks such as Lam Thao Fertilizers And Chemicals JSC (LAS), Duc Giang Chemicals Group JSC (DGC) and Petro Viet Nam Ca Mau Fertilizer JSC (DCM) also posted good results.

The HNX-Index on the Ha Noi Stock Exchange (HNX) dropped 0.48 per cent to 252.87 points. The HNX30-Index fell 2.49 per cent to 366.24 points. VNS