Shares drop on profit-taking pressures
sonnguyen 8-10-2020, 11:56
Shares drop on profit-taking pressures


The benchmark VN-Index on the Ho Chi Minh Stock Exchange lost 026 per cent to 91733 points. — Photo cafef.vn




Shares ended on a negative note on Thursday due to profit-taking pressure dumping a series of large-cap stocks.


The benchmark VN-Index on the Ho Chi Minh Stock Exchange lost 026 per cent to 91733 points.


The index had gained 044 per cent to close Wesnesday at 91972 points.


Nearly 268.6 million shares were traded on the southern bourse, worth VND4.3 trillion (US$185.5 million).


Market breadth was negative with 277 losers and 111 gainers.


The large-cap tracker VN30-Index declined 030 per cent to 86827 points with 12 of the 30 largest stocks by market value and trading liquidity dropping.


Some pillar stocks were hardly hit by selling pressure, including Bank for Investment and Development of Vietnam, Vietinbank (CTG), HDBank (HDB), SSI Securities Incorporation (SSI), Sabeco (SAB), Techcombank (TCB), Vietcombank (VCB), Vinhomes (VHM), Vietjet (VJC), Vinamilk (VNM), Vingroup (VIC) and Vincom Retail (VRE).


On the Ha Noi Stock Exchange, the HNX-Index was down 072 per cent to close Thursday morning at 13515 points.


The northern market index had gained 043 per cent to close at 91567 points.


More than 41.6 million shares were traded on the northern exchange, worth VND507.5 billion. — VNS

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