Local bourses: shares fall

Illustrative image (Source: VNA)

Hanoi (VNA) – Shares fell further on the two exchanges on December 13.

The benchmark VN Index on the HCM Stock Exchange dropped 0.8 percent to close at 654.66 points, extending a two-day loss of 1.3 percent.

The HNX Index on the Hanoi Stock Exchange dipped 1.2 percent to finish at 77.88 points. The northern bourse has declined by 2.2 percent over the past two sessions.

Large-cap stocks remained the major factor that pulled market down, with 18 of the 30 largest companies by market capitalization recording losses.

Those stocks included dairy firm Vinamilk (VNM), consumer goods producer Masan Group (MSN), banks and property developers.

VNM lost 2 percent, MSN slumped 3.2 percent, while banking and real estate sectors continued to underperform.

More than 172.6 million shares were exchanged on the two bourses, worth nearly 2.7 trillion VND (119.95 million USD).-VNA

VNA