Shares dip on large-cap failures

July 14, 2020 | 15:48

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Shares extended their losses on Tuesday morning amid weakness of large-cap stocks and low liquidity.

Shares extended their losses on Tuesday morning amid weakness of large-cap stocks and low liquidity.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange lost 0.80 per cent to close at 861.79 points.

The index had declined 0.29 per cent to close Monday at 868.72 points.

Market liquidity was quite low with more than 118.3 million shares traded on the southern market, worth VND1.9 trillion (US$82 million).

Market breadth was negative with the decliners outnumbering gainers by 244 to 109.

The VN30 Index, which tracks the performance of the 30 largest stocks by market capitalisation and liquidity on HoSE, decreased 0.77 per cent to close Tuesday morning at 799.99 points.

Decliners in the VN30 basket included Bank for Investment and Development of Viet Nam (BID), insurer Bao Viet Holdings (BVH), FPT Corporation (FPT), HDBank (HDB), Military Bank (MBB), Masan Group (MSN), Mobile World Group (MWG), Novaland (NVL), Vietnam National Petroleum Group (PLX) and Sabeco (SAB).

On the Ha Noi Stock Exchange, the HNX-Index was down 0.37 per cent to end Tuesday morning at 115.21 points.

The index had dropped 0.01 per cent to end Monday at 115.65 points.

Nearly 17.6 million shares were traded on the northern market, worth VNĐ168.5 billion.

Afternoon trading starts at 1pm.

VNA

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