The benchmark VN Index dropped 0.64 per cent to 772.62 points on Monday morning, as most large-cap stocks slipped on rising investor caution about downward correction.
|The benchmark VN Index dropped 0.64 per cent on Monday morning on rising investor caution about downward correction. – Photo vir.com.vn|
On the HCM Stock Exchange, 27 of the 30 largest shares by market value and liquidity lost value; only three gained.
Sector-leading companies such as Vinamilk (VNM), Petrolimex (PLX), PV Gas (GAS), Vietcombank (VCB), Vietinbank (CTG), FPT (FPT), Hoa Phat Group (HPG), Masan Group (MSN) and VinGroup (VIC) all fell.
Money, however, flowed into low-value stocks, especially those priced below VND10,000 per share, such as Tan Tao Industry and Investment (ITA), FLC (FLC), Hoang Quan Consulting-Trading-Service Real Estate Corp (HQC), Hoang Huy Investment Services (HHS) and Quang Nam Rubber Investment (VHG). These were the most heavily traded stocks, with six to 12 million shares being traded for each company. They advanced between 0.9 and 6.2 per cent each.
On the Ha Noi Stock Exchange, the HNX Index lost 0.74 per cent to touch 99.69 points.[AV1]
A total of 180.5 million shares worth around VND2.6 trillion (US$116.5 million) were traded in the two exchanges.
The afternoon session starts at 1pm.