VN stocks change little with increased selling

Wednesday, Sep 18, 2019 12:47

Share prices displayed on a cellphone. Vietnamese shares were slightly changed on Wednesday morning as profit-taking pressure hit banking, energy and tech stocks. — Photo

Vietnamese shares closed Wednesday morning on a negative note, dragged down by technology, banking and energy sectors.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched down 0.10 per cent to end at 995.74 points.

The VN-Index had gained total 2.83 per cent in the previous four days.

More than 102.5 million shares were traded on the southern bourse, worth VND2.14 trillion (US$92 million).

Technology, energy and banking businesses pulled the stock market down as investors tried to earn profits from those stocks’ rallies.

The three sector indices were down between 0.3 per cent and 1.1 per cent, data on showed.

The market trading condition was also negative as declining stocks outnumbered gainers by 152 to 132.

The three large-cap, mid-cap and small-cap indices either fell or gained slightly, proving investors were seeking ways to escape from the market.

On the positive side, food and beverage, construction, and plastics and chemicals were the industries that supported the market.

On the Ha Noi Stock Exchange, the HNX-Index only rose 0.01 per cent to close at 102.24 points.

The northern market index had increased by total 2.26 per cent in the previous five straight days.

Nearly 15 million shares were traded on the northern market, worth VND196 billion.

The afternoon trading session starts at 1pm. — VNS

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