VN-Index loses on profit taking pressure
thamnguyen99 15-10-2020, 12:26
VN-Index loses on profit taking pressure

Some securities brokers. The benchmark VN-Index struggled with increased profit-taking on Thursday morning. — Photo

Viet Nam’s benchmark VN-Index slid on Thursday morning as profit taking increased and brought down most large-cap stocks.

The VN-Index on the Ho Chi Minh Stock Exchange inched down 007 per cent to 93953 points.

The benchmark had rallied total 232 per cent in the previous four trading days.

Sixteen of the 30 largest stocks by market capitalisation and trading liquidity in the blue-chip basket VN30 declined.

Among them were Bank for Investment and Development of Viet Nam (BID), consumer firm Masan (MSN), retailer Mobile World Investment (MWG), property firm Vinhomes (VHM) and PetroVietnam Power Corp (POW).

The large-cap tracker VN30-Index, however, gained 038 per cent to 89555 points thanks to the growth of steel producer Hoa Phat (HPG), Techcombank (TCB), petrol station operator Petrolimex (PLX) and Vietinbank (CTG).

But even those gainers also saw their growth narrow in the morning session.

The mid-cap and small-cap trackers on HoSE fell 008 per cent and 064 per cent, respectively.

On the Ha Noi Stock Exchange, the HNX-Index gained 095 per cent to 13880 points.

The northern market index rose total 118 per cent in the previous two days.

More than 283 million shares were traded on the two exchanges, worth VND536 trillion (US$230.7 million).

The afternoon trading session starts at 1pm. — VNS