VN stocks gain slower on caution

Thursday, Dec 05, 2019 12:44

A Viet Capital Securities Co's trading room. Vietnamese shares narrowed growth on Thursday morning as investors were concerned about the possibility of a market collapse. — Photo

Vietnamese shares grew modestly on Thursday morning as worries about the market volatility still existed among investors.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched up 0.07 per cent to close at 966.62 points.

The VN-Index soared 1.31 per cent on Wednesday.

Though the market made a big gain on Wednesday, investors still worried about a possible collapse.

Therefore, investors started selling when the VN-Index rose as much as 1.31 per cent in the morning session.

Large-cap stocks continued to be targeted as the VN30-Index was down 0.08 per cent to 882.85 points at the end of the session.

Mid-cap stocks were also down while positive signals were seen in small-cap stocks.

Nearly 88.7 million shares were traded on the southern bourse, worth VND1.68 trillion (US$72.6 million).

After making strong growth on Wednesday, banks, securities firms, insurers and retailers either declined or rose slowly.

On the opposite side, mining and petroleum, technology and real estate stocks cushioned the market.

On the Ha Noi Stock Exchange, the HNX-Index gained 0.15 per cent to end at 102.63 points.

The HNX-Index has increased by total 1.55 per cent in the previous two trading days.

More than 16.5 million shares were traded on the northern market, worth VND205.6 billion.

The afternoon trading session starts at 1pm. — VNS

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