VN stocks increase amid large-cap underperformance

Tuesday, Oct 09, 2018 12:40

Investors at VPBank Securities JSC. Vietnamese shares made gains on Tuesday morning even though large-cap stocks were unable to maintain their positive momentum. — Photo

HÀ NỘI — Vietnamese shares advanced on Tuesday morning despite the poor performance of large-cap companies.

The benchmark VN Index on the HCM Stock Exchange inched up 0.11 per cent to close at 997.22 points.

The southern market index lost 1.22 per cent on Monday.

The HNX Index on the Ha Noi Stock Exchange dropped 0.12 per cent to end at 114.24 points.

The northern market index was down 0.25 per cent in the first trading day of the week.

More than 137.6 million shares were traded on the two local exchanges, worth VND2.78 trillion (US$123.4 million).

Large-cap stocks underperformed as the blue chip VN30 Index lost 0.24 per cent to stand at 967.99 points.

In the VN30 basket, 19 of the 30 largest stocks by market capitalisation slid in the morning, including MBBank (MBB), Sacombank (STB), dairy producer Vinamilk (VNM) and brewer Sabeco (SAB).

Among gainers were PetroVietnam Gas (GAS), budget carrier Vietjet (VJC), digital retailer Mobile World Corp (MWG) and Vincom Retail (VRE).

On the sector basis, financial-banking and food and beverages were among industries that saw shares decline.

The afternoon trading session starts at 1pm. — VNS

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