Shares slide on large-cap stocks

Hanoi (VNA) – Vietnam’s shares slid on March 5 as large-cap stocks performed poorly when investors sold in pursuit of short-term profits.

A total of more than 347.7 million shares were traded on the Hanoi Stock Exchange (HNX) and the Ho Chi Minh Stock Exchange (HOSE), worth nearly 11.04 trillion VND (485.76 million USD), on the week’s first day.

The benchmark VN-Index on the southern bourse lost 27.73 points, or 2.47 percent, to close at 1,093.48 points. Over 277.68 million shares were traded on the HOSE with the total trading value of more than 9.74 trillion VND (428.78 million USD).

The HNX Index on the northern market was down 2.74 points, or 2.14 percent, to settle at 125.51 points. About 70 million shares, worth roughly 1.29 trillion VND (56.76 million USD), were traded on the market. Declining stocks outnumbered gaining ones by 103 to 73, while 60 others ended flat.

Most of large-cap stocks in the VN30, the 30 largest ones by market capitalisation, plunged, including Vietcombank (VCB), Sacombank (STB), Vingroup (VIC), VietinBank (CTG), Hau Giang Pharmaceutical (DHG), and PV Gas (GAS).

Some others –Bao Viet Holdings (BVH), Coteccons Construction Corp (CTD), FPT, Vietjet Air (VJC) and Vinamilk (VNM)– rose slightly.-VNA