Shares retreat on investor caution
Shares failed to retain gains on both stock exchanges on March 18.
Shares failed to retain gains on both stock exchanges on March 18.
On the Ho Chi Minh Stock Exchange, the VN-Index closed at 479.13 points, falling 0.46 percent.
Around one-third of the listed stocks added value, while 76 codes tumbled and 124 finished unchanged.
Market value reached 809.7 billion VND (38.5 million USD) on a volume of 49.1 million shares.
Meanwhile, among blue chips, over half of the 30 leading shares tracked by the VN30-Index fell, including insurer Bao Viet (BVH), food processor Masan (MSN), property developer Vingroup (VIC) and Vietcombank (VCB).
Only seven of these large-cap shares managed to rise. The index overall slid 0.8 percent to 548.72 points.
On the Hanoi Stock Exchange, the HNX-Index shed nearly 1.3 percent to 61.26 points.
Losers overwhelmed gainers by 141-62 points.
As 38.9 million shares changed hands, trading value fetched 311.67 billion VND (14.8 million USD).
The HNX30-Index, composed of the exchange’s top shares, also dropped more than 2 percent, standing at 117.90 points.
Caution among investors remained, especially after the portfolio revision of exchange-traded funds on March 15.
Meanwhile, according to a survey conducted by the website vietstock.vn, 56 percent of respondents said they believed that the market would decline.-VNA
On the Ho Chi Minh Stock Exchange, the VN-Index closed at 479.13 points, falling 0.46 percent.
Around one-third of the listed stocks added value, while 76 codes tumbled and 124 finished unchanged.
Market value reached 809.7 billion VND (38.5 million USD) on a volume of 49.1 million shares.
Meanwhile, among blue chips, over half of the 30 leading shares tracked by the VN30-Index fell, including insurer Bao Viet (BVH), food processor Masan (MSN), property developer Vingroup (VIC) and Vietcombank (VCB).
Only seven of these large-cap shares managed to rise. The index overall slid 0.8 percent to 548.72 points.
On the Hanoi Stock Exchange, the HNX-Index shed nearly 1.3 percent to 61.26 points.
Losers overwhelmed gainers by 141-62 points.
As 38.9 million shares changed hands, trading value fetched 311.67 billion VND (14.8 million USD).
The HNX30-Index, composed of the exchange’s top shares, also dropped more than 2 percent, standing at 117.90 points.
Caution among investors remained, especially after the portfolio revision of exchange-traded funds on March 15.
Meanwhile, according to a survey conducted by the website vietstock.vn, 56 percent of respondents said they believed that the market would decline.-VNA
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