|On the HCM Stock Exchange, the VN-Index added 0.99 per cent to close the session at 559.54 points. — Photo VNA
HA NOI (VNS) — Shares finished mixed yesterday on the two exchanges as investors became more cautious ahead of the earnings season.
On the HCM Stock Exchange, the VN-Index added 0.99 per cent to close the session at 559.54 points.
The VN30, which tracks the top 30 shares by market value and liquidity, also edged up 1.1 per cent to end at 589.77 points.
Large-cap stocks continued to drive market momentum, with many of the VN30 stocks making substantial gains.
Masan Group (MSN) was the biggest gainer, rising 5.3 per cent in value, while other blue chips like VinGroup (VIC), Vietcombank (VCB), Vinamilk (VNM), Bao Viet Holdigns (BVH), Phu My Fertiliser (DPM) and PetroVietnam Drilling and Wells Service Corp (PVD) rose between 1.1-2.3 per cent.
PV Gas (GAS), the largest stock in terms of market capitalisation but not a member of the VN30, also jumped 1.85 per cent.
However, sluggish trading continued to drain liquidity. Both market volume and value dropped 30 per cent compared with Friday, totaling over 72 million shares worth almost VND1.4 trillion (US$64.8 million).
FLC Group (FLC) was the most active code with 8.5 million shares changing hands, but ended flat at VND10,600 ($0.49).
With the lack of blue chip support, the HNX-Index on the Ha Noi Stock Exchange fell 0.4 per cent to finish the day at 82.66 points.
Selling pressure increased, pulling many leading shares down. Decliners outnumbered advancers by 105-88, while 175 codes closed unchanged.
Nearly 44 million shares worth VND520.35 billion ($24.1 million) were exchanged by the end of the session.
F.I.T Investment Co (FIT) took the lead with a trading volume of 4.2 million shares, but fell 2.8 per cent to end at VND14,000 ($0.65).
Foreign investors remained net buyers on the two markets yesterday, but value declined against the previous session to VND114 billion ($5.3 million). Their purchases focused on the HCM Stock Exchange with a value of VND108 billion ($5 million), down 52 per cent from the previous session. — VNS