Shares volatile as large caps slump

Liquidity was low on the two exchanges with a total of  六 七. 五 million shares worth VNĐ 一. 五 trillion (US$ 六 五. 八 million) traded in the morning. — Photo cafef.vn

HÀ NỘI — Shares were volatile on Thursday morning as many large caps plunged, weighing on the two markets.

The VN-Index on the Hồ Chí Minh Stock Exchange suddenly dropped at the end of the morning trade, down 0. 二 六 per cent at  九 一 二. 六0 points, though it had traded above the reference threshold for most of the morning.

Only five of the top  三0 largest shares by market value and liquidity in the southern market advanced while  二 三 declined.

Banks were the biggest draggers, with BIDV (BID), Vietinbank and Vietcombank (VCB) each falling  一. 六- 二. 六 per cent. Other losers included brewer PV Gas (GAS), Mobile World Group (MWG), Hòa Phát Group (HPG), Sabeco (SAB) and Vinamilk (VNM), with losses of between 0. 三- 三 per cent each.

The market breadth was negative with  一00 stocks rising,  一 六 一 falling and  一0 一 closing flat.

On the Hà Nội Stock Exchange, the HNX-Index closed down  一. 五 四 per cent at  九 八. 四 五 points.

Liquidity was low on the two exchanges with a total of  六 七. 五 million shares worth VNĐ 一. 五 trillion (US$ 六 五. 八 million) traded in the morning.

Only  一 二 stocks saw trading volume of over one million shares in the two markets, of which ceramics producer Viglacera (VCG) and property developer Đất Xanh Group (DXG) were the most active with each having over three million shares changing hands. — VNS