Blue chips keep weighing down the market on increased selling
sonnguyen 28-10-2020, 12:30
Blue chips keep weighing down the market on increased selling

Selling pressure grew on Wednesday morning to take down large-cap stocks. — Photo

Vietnamese shares fell on Wednesday morning, dragged by blue chips on increased profit taking pressure.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange dropped 075 per cent to 93938 points.

The VN-Index had lost a total of 155 per cent in the previous two trading days.

Large-cap stocks weighed the market as they suffered from increased profit taking.

The blue-chip tracker VN30-Index was down 062 per cent to 90765 points.

Among declining large-cap stocks were Vincom Retail (VRE), VPBank (VPB), Techcombank (TCB), retailer Mobile World Investment (MWG), dairy producer Vinamilk (VNM), and consumer company Masan (MSN).

Techcombank was also the most active stock on the market with more than 19 million shares traded.

TCB lost 1.9 per cent in the morning session.

Mid-cap and small-cap stock indices on HoSE were down 070 per cent and 091 per cent, respectively.

On the Ha Noi Stock Exchange, the HNX-Index decreased by 129 per cent to 13536 points.

The northern market index had fallen total 322 per cent in the previous two days.

Nearly 258 million shares were traded on the two exchanges, worth VND4.8 trillion.

The afternoon trading session starts at 1pm. — VNS