Recovery of large-cap stocks narrows market decline

April 12, 2018 | 14:36

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The strong recovery of many large-cap stocks narrowed the decline of the market on Thursday morning.

recovery of large cap stocks narrows market decline

The benchmark VN Index on HCM Stock Exchange dropped 0.07 per cent to close at 1.166,29 points.

The benchmark VN Index on HCM Stock Exchange dropped 0.07 per cent to close at 1.166,29 points. It had plunged 2.59 per cent on Wednesday.

The HNX Index on Ha Noi Stock Exchange inched 0.45 per cent to end at 134,35 points. It fell 1.13 per cent in the last trading session.

More than 318.1 million shares, worth VNĐ9.9 trillion (US$433 million), were traded on the two local exchanges.

Market breadth was quite balanced, with 207 gainers and 209 losers, while 326 stocks ended flat.

Large-cap stocks underperformed as the VN30 Index lost 0.02 per cent to reach 1.136,99 points, with 12 declining stocks against 14 gainers among the 30 largest stocks by market capitalisation.

Gainers in the VN-30 basket included Vietinbank (CTG), property developer Vin Group (VIC), Masan Group (MSN), Mobile World Investment Corporation (MWG) and dairy firm Vinamilk (VNM).

Across the stock market, securities, real estate, finance and mining were the best-performing industries.

Their indices increased between 0.7 per cent and two per cent, according to data of vietstock.vn.

The afternoon trading session starts at 1pm.

VNA

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