VN shares fall despite good trade news

Monday, Dec 16, 2019 12:28

Outside a Military Bank office. The bank shares fell 1.6 per cent on Monday morning. — Photo

Vietnamese shares declined on Monday morning despite good news from international markets.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange fell 0.38 per cent to close at 962.48 points.

The VN-Index gained total 0.27 per cent last week.

Nearly 150 million shares were traded on the southern bourse, worth VND2.86 trillion (US$123 million).

Good news from the US-China trade relations last weekend was not enough to boost the local market in the early trading.

Large-cap stocks were still weighed down by selling pressure.

The large-cap VN30-Index was down 0.44 per cent to 876.65 points, with 16 of the 30 largest stocks by market capitalisation and trading liquidity ending in negative territory.

Decliners in the VN30 basket included Vinhomes (VHM), Masan Group (MSN), Military Bank (MBB), Vietcombank (VCB) and HDBank (HDB).

By sectors, banking, securities, real estate and technology were among the worst-performing sectors.

On the Ha Noi Stock Exchange, the HNX-Index rose 0.38 per cent to end at 103.33 points.

The northern market index lost a total of 0.43 per cent last week.

Nearly 30 million shares were traded on the northern bourse, worth VND250 billion.

The afternoon trading session starts at 1pm. — VNS

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