VN stocks close negative on low confidence

Thursday, Jan 24, 2019 12:48

Vietnamese shares declined slightly on Thursday morning, dragged down by low sentiment amid the lack of positive news from international markets. - Photo

Vietnamese shares ended Thursday morning on a negative note, dragged by investors’ low confidence on a lack of supportive information.

The benchmark VN Index on the Ho Chi Minh Stock Exchange slid 0.05 per cent to end at 907.77 points.

The southern market index inched up 0.18 per cent on Wednesday.

The HNX Index on the Ha Noi Stock Exchange closed at 102.67 points, unchanged from Wednesday’s close.

Market sentiment was poor as there was a lack of supportive information from both domestic and international markets.

Trading liquidity remained modest with more than 75.5 million shares being traded, worth VND1.48 trillion (USS$63.6 million).

The market breadth was negative with 180 declining stocks against 144 gainers.

Of the 20 sectors, the worst-performing ones included rubber and plastic production, securities, technology and healthcare and pharmaceuticals.

On the opposite side, the petroleum and consumer staple sectors extended their growth to support the market.

Amid the wider market negativity, the large-cap VN30 Index performed well, gaining 0.19 per cent to 863.41 points.

In the VN30 basket, 12 of the 30 largest stocks by market capitalisation advanced while 10 declined.

The afternoon trading session starts at 1pm. — VNS

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