The VN-Index sank 0.4 per cent on Friday morning, but the HNX-Index rebounded from Thursday’s loss, up 2 per cent to 86.5 points.

The overall market condition was negative with 230 stocks declining, 166 advancing and 299 being flat on the two exchanges.

Stock property slumped after strong gains.

Novaland Investment (NVL), VinGroup (VIC) and Kinh Bac City Development (KBC), Khang Dien Investment & Trading House (KDH), HCM City Infrastructure Investment (CII) and Hoang Quan Consulting-Trading-Service Real Estate (HQC) decreased between 0.6 per cent and 3 per cent.

FLC Group (FLC) and Tan Tao Investment Industry (ITA) were among the few gainers.

Among the top 30 shares by market value and liquidity on the main bourse in HCM City, Vinamilk (VNM), Vietinbank (CTG) and Hoa Sen Group gained while BIDV (BID), Vietcombank (VCB), Masan Group (MSN), PV Gas (GAS), FPT Corp (FPT) and Hoa Phat Group (HPG) tumbled.

A total of 183 million shares worth VND2.4 trillion (US$105.3 million) were exchanged in the two markets.

The afternoon trade starts at 1pm. — VNS