Shares drop on selling pressure

HÀ NỘI —Vietnamese shares dropped on Thursday as large-cap stocks were hit by strong selling pressure, especially during the ATC session.

The market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) lost 0. 四 一 per cent to end at  一, 四 六 九. 八 三 points.

The index had gained 0. 六 四 per cent to close Wednesday at  一, 四 七 五. 八 五 points. 

The market's liquidity was neutral with  二 二 三 stocks rising, while  二 四 三 slid.

Investors poured over VNĐ 三 四. 九 trillion (US$ 一. 五 billion) into the southern exchange, equivalent to a trading volume of  一. 一 billion shares.

The  三0 biggest stocks tracker VN 三0-Index lost  一.0 六 per cent, to end at  一, 五0 三. 四 二 points. Twenty-three in the VN 三0 basket declined, while six increased.

In the VN- 三0 basket, notable losers included Vietinbank (CTG), FPT Corporation (FPT), PetroVietnam Gas JSC (GAS), Hoà Phát Group (HPG), Masan Group (MSN), Khang Điền House (KDH), Novaland (NVL), Phát Đạt Real Estate (PDR), Phú Nhuận Jewelry (PNJ) and Việt Nam National Petroleum Group (PLX),

The banking group performed poorly and pressured the overall market, such as Vietcombank (VCB), VPBank (VPB), Military Bank (MBB), Techcombank (TCB), Sabeco (SAB), and Sacombank (STB).

Securities was a strong supportive sector on HOSE this afternoon, with gainers such as SSI Securities Inc (SSI), Asia - Pacific Securities Joint Stock Company (APS), Hoà Bình Securities JSC (HBS), Viet Nam Industrial Co妹妹ercial Securities Corporation (VIG), Wall Street Securities Company (WSS), BOS Securities Corporation (ART), Agribank Securities Corporation (AGR), Tân Việt Securities (TVS) and APG Securities JSC (APG).

On a sector basis,  一 一 out of  二 五 sector indices lost ground, including wholesale, insurance, information and technology, oil and gas, banking, food and beverage, seafood processing, construction material and logistics.

On the other side, gainers were real estate, securities, retail, healthcare, agriculture and rubber production.

On the Hà Nội Stock Exchange (HNX), the HNX-Index gained  一. 二 五 per cent to end Thursday at  四 六 八. 七 三 points.

During the trading session, nearly  一 六 八. 七 million shares were traded on HNX, worth nearly VNĐ 二. 三 trillion. — VNS