VN-Index extends losses as selling pressure persists

Friday, Mar 05, 2021 12:10

The market ended mixed on Friday morning as many big stocks still faced selling pressure.

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) fell 0.22 per cent to 1,165.95 points in the morning session while overloading occurred again on the southern bourse.

However, the market's liquidity was still high in the morning session with more than 521.5 million shares traded, worth over VNĐ12.9 trillion.

Big stocks from banking, real estate, materials and retail sectors extended losses with many down more than 1 per cent, leading to the downward trend of the market.

The VN30-Index declined by 0.31 per cent to end the morning session at 1,170.7 points.

Top five stocks influencing the market's trend were Vinhomes JSC (VHM), down 1.7 per cent, Vietcombank (VCB), down 1.44 per cent, and Việt Nam Dairy Products JSC (VNM), down 1.55 per cent.

Meanwhile, gas and oil stocks still posted outstanding performance this morning with PetroVietnam Power Corporation (POW) hitting the maximum daily gain of 7 per cent, while PetroVietnam Gas Joint Stock Corporation (GAS) rose 2.97 per cent.

On the Hà Nội Stock Exchange (HNX), the HNX-Index climbed 0.14 per cent to 256.12 points. The HNX30-Index also rose 0.13 per cent to 376.91 per cent. VNS

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