The stock market inched down on Tuesday morning as it was still pressured by profit-taking activities.
|Sentiment remains weak, VN-Index loses another 13 points, Source: freepik.com |
On the Ho Chi Minh Stock Exchange (HoSE), the benchmark VN-Index fell 13.38 points, or 1.08 per cent, to 1,230.13 points. The market's breadth stayed negative with 230 stocks declining while 129 stocks climbed.
The liquidity was lower than yesterday as only VND9.24 trillion (US$401.7 million) was poured into the southern bourse, equivalent to a trading volume of nearly 291.6 million shares.
The VN30-Index, tracking 30 biggest stocks on HoSE, dropped 0.83 per cent to 1,362.7 points. Of which 23 stocks in the VN30 basket fell while six stocks increased and one stayed unchanged.
The HNX-Index on the Ha Noi Stock Exchange (HNX) also posted a loss of 0.2 per cent to 291.49 points.
Strong selling force was still the main cause for the bear market. Real estate and bank stocks still led the market's trend with Vingroup JSC (VIC) posting the biggest losses, down 2.43 per cent, followed by Vietcombank (VCB), down 2.16 per cent.
Other stocks with big losses were Vincom Retail JSC (VRE), PetroVietnam Gas JSC (PVGas, GAS) and Vietnam International Commercial Joint Stock Bank (VIB). These stocks all inched down more than 1.7 per cent.
However, the market pared some losses on gains in some large-cap stocks. Of which, Hoa Phat Group (HPG) was the biggest gainer this morning, up 1.24 per cent.