VN stocks mixed with low trading liquidity

Friday, May 03, 2019 12:40

The Vietnamese stock market ended Friday morning with mixed performances among local listed companies while trading liquidity remained modest as investors continued to lack confidence. — Photo

Vietnamese shares were mixed on the two exchanges on Friday morning while trading liquidity remained modest.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange fell 0.26 per cent to close at 975.91 points.

The VN-Index inched down 0.12 per cent on Thursday.

The HNX-Index on the Ha Noi Stock Exchange, however, gained 0.24 per cent to end at 107.26 points.

The northern market index lost 0.43 per cent the previous day.

More than 93 million shares were traded on the two local bourses, worth nearly VND1.6 trillion (US$68.3 million).

Trading liquidity remained low on Friday morning, indicating investors were unwilling to trade at the moment due to the uncertainty of local stocks.

Declining stocks were dominant over gainers by 215 to 172 on both local bourses, while 112 stocks were flat.

The large-cap VN30-Index advanced 0.14 per cent to 895.14 points in morning trading but half of the 30 largest stocks by market capitalisation in the basket lost ground.

Among the decliners were PetroVietnam Gas (GAS), DHG Pharmaceutical JSC (DHG), HDBank (HDB) and digital retailer Mobile World (MWG).

The insurance industry index remained the worst-performing sector as it slumped 5.1 per cent, data on showed.

The sector was dragged down by Bao Viet Holdings (BVH), whose shares tumbled 6.9 per cent. BVH shares have lost a total of 13.9 per cent since Thursday.

The afternoon trading session starts at 1pm. — VNS

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