Shares dragged down by blue-chips

Vietnamese shares decline on April 13 as the market reversed quickly at the end of the trading session.
(Photo: VNA)

Hanoi (VNA) - Vietnamese shares declined on April 13 as the market reversed quickly at the end of the trading session, dragged down by blue chips in banking and energy.

The benchmark VN Index on HCM Stock Exchange dropped 1.35 percent to close at 1,157.14 points. It had risen 0.51 percent on April 12.

The HNX Index on the Hanoi Stock Exchange fell 1.69 percent to end at 133.34 points, extending its downtrend from the previous 1.13 percent decline.

More than 246 million shares, worth 8.1 trillion VND (359 million USD), were traded on the two local exchanges.

Declining stocks dominated the two bourses, outnumbering gainers by 286 to 192, showing investor confidence was quite low.

Large-cap stocks underperformed as the VN30 Index lost 0.81 percent to reach 1.134,21 points, with 21 declining stocks against nine gainers among the 30 largest stocks by market capitalisation.

Across the stock market, banking, securities, mining, retail and insurance were the worst-performing industries.

Their indices declined between 0.4 percent and 4.1 percent, according to vietstock.vn.  

The UPCOM Index on the Unlisted Public Company Market (UPCoM) lost 0.59 to close at 59.32 points, totaling a five-day decline of 2.17 percent.-VNA