Stocks dip slightly after nine-day rally hinh anh 1Investors watch markets move at a trading centre of MayBank Kim Eng Securities Company in HCM City (Photo: VNA)

Hanoi (VNA) – Shares on September 30 fell after a nine-day rally, driven by profit-taking, while oil and gas firms suffered losses as crude prices pulled from a one-month high and after a two-day gain.

The benchmark VN Index on the Ho Chi Minh Stock Exchange fell 0.4 percent to close at 685.73 points, ending a nine-day rally of 5.7 percent – the longest rising streak since the beginning of the year.

The HNX Index on the Hanoi Stock Exchange inched down 0.1 percent to end at 85.00 points from a three-day increase of 2.5 percent.

Profit-taking pulled down half of the large-cap stocks in the sub-category VN30 Index, which contains the 30 largest companies by market capitalisation and trading liquidity.

Vietinbank (CTG), HCM Securities Corp (HCM), real estate firm Vingroup JSC (VIC), confectionary producer Kido group (KDC) and technology giant FPT Corp (FPT) were among the biggest decliners with decreases of between 1.2 percent and 1.5 percent.

Oil and gas companies turned from winners to losers as crude prices slipped from a two-day rise after skeptic views about whether OPEC’s first eight-year cut could have positive impact on the global glut.

US crude West Texas Intermediate (WTI) was down 0.3 percent to trade at 47.71 USD a barrel and London-based Brent crude fell nearly 1 percent to trade at 48.79 USD a barrel.

Among local oil and gas companies, PetroVietnam Gas Corp (GAS) slumped 3 percent, PetroVietnam Drilling and Well Services Corp (PVD) slid 2 percent and PetroVietnam Technical Services Corp (PVS) lost 2.8 percent.

On the day, investors traded more than 157 million shares worth 3.22 trillion VND (143.4 million USD), a decrease of 8.8 percent from the previous session’s trading value.-VNA