On the HCM City Stock Exchange, the VN-Index opened lower, but managed to gain 0.31 per cent, closing at 627.18 points. — Photo TNCK

HA NOI (Biz Hub) — The VN Index struggled to rise this morning, as the market began to correct itself after three consecutive growth sessions.

On the HCM City Stock Exchange, the VN-Index opened lower, but managed to gain 0.31 per cent, closing at 627.18 points.

The market initially had a large number of losers. However, by the end of the morning session, there were 113 losers and 94 gainers.

Blue chips remained the major force that kept the market up. Bao Viet Holdings (BVH) continued to hit its ceiling price at VND52,000 per share.

Other blue chips also made gains, including Southern Rubber Industry Joint Stock Company (CSM), Hoa Sen Group (HSG), Ma San Group (MSN) and Vietnam Dairy Products Joint Stock Corporation (VNM).

Sacombank (STB) was the only bank stock that rose this morning, while most of the large-cap shares in gas and securities sector lost value.

Japan Vietnam Medical Instrument Joint Stock Company (JVC) continued to have a high trading volume, with nearly 7.9 million of its shares being traded, and was ranked behind FLC Group (FLC) as the most active code on the market.

On the Ha Noi Stock Exchange, the HNX-Index dropped 0.36 per cent to stand at 89.14 points, with 62 gainers and 88 losers.

The condition of the northern bourse was similar to that of the southern bourse. Bank shares, gas shares and securities shares lost value.

Hanoi Investment General Corporation (SHN) showed the maximum improvement, gaining 9.76 per cent to temporarily stand at VND13,500.

FIT Investment JSC (FIT) was the most active stock, trading 4.8 million of its shares to rise 2.36 per cent in market value.

By the end of the morning, the market traded nearly 137.7 million shares, worth VND2.29 trillion (US$106 million).

The afternoon session will start at 1pm. — VNS