Shares fall as investor caution sets in
Over 80 per cent of the shares lost value or treaded water this morning, pushing the indices down on the two national stock exchanges.
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On the HCM City Stock Exchange, the VN-Index opened higher but gradually declined as the investors became increasingly cautious. The VN-Index closed down 0.21 per cent to finish at 599.31 points by the end of the morning.
The VN30 index, tracking the top 30 shares by market value and liquidity, also inched down 0.13 per cent to end at 664.97 points.
Overall, 129 shares slid, only 71 gained value and the values of 105 were unchanged.
More than 72.4 million shares, worth VND1.54 trillion, or US$73 million, were traded.
Real estate developer FLC Group lead the southern market's trade this morning, with 5.6 million shares exchanged at VND15,300 per share, up 1.32 per cent over Friday's close.
On the Ha Noi Stock Exchange, the HNX-Index also declined 0.56 per cent to end at 87 points.
Trading was sluggish with 33.6 million shares, worth over VND378.6 billion, or $18 million, changing hands.
Hot stocks like PetroVietnam Construction (PVX) and Saigon-Ha Noi Bank (SHB) were the most active, with more than 3 million shares traded on each code. PVX was traded at VND6,400 a share, while SHB closed at VND11,200.
Trading will resume at 1pm. — VNS
