Shares plunge as investors remain cautious

Investors continued to stay away from the market, driving shares down in Hanoi , while stocks only began to rise in Ho Chi Minh City at the end of the session on July 11.
Investors continued to stay away from the market, driving shares down in Hanoi , while stocks only began to rise in Ho Chi Minh City at the end of the session on July 11.

The benchmark VN-Index on the HCM Stock Exchange edged up 0.01 percent to 484.47 points, while the VN30 tracking the top 30 shares by market capitalisation and liquidity added 0.1 percent at 539.51 points.

The market was propped up by several blue chips. Saigon Securities Inc (SSI) and property developers Hoang Anh Gia Lai and HCM City Infrastructure Investment (CII) and Vingroup (VIC) climbed between 1.6-2.9 percent.

The value of trades was just 88.7 percent of the previous day's level, reaching 735.15 billion VND (34.6 million USD) on a volume of 35 million shares.
VIC was the most active code with almost 2.5 million shares changing hands, followed by HAG with over 2.4 million units.

On the Hanoi Stock Exchange, the HNX-Index slid 0.14 percent to 62.34 points.
Trading was very sluggish as 14.5 million shares, worth only 102.3 billion VND (4.8 million USD), changed hands.

Meanwhile, the HNX30 bucked the trend to rally 0.18 percent to 116.63 points.
Foreign investors lengthened their status as net sellers, unloading 16.8 billion VND (792,400 USD).-VNA

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