30.09.2020, 13:06

VN-Index falls as capital flees from large-caps

VN-Index falls as capital flees from large-caps

The Ho Chi Minh Stock Exchange in HCM City. — Photo nld.com.vn

Viet Nam’s benchmark VN-Index was subdued on Wednesday morning as investors looked to run from large-caps into mid-cap and small-cap sectors.

The benchmark on the Ho Chi Minh Stock Exchange inched down 015 per cent to 90263 points. It fell 093 per cent on Tuesday.

The large-cap tracker VN30-Index slid 008 per cent to 85550 points with 17 of the 30 largest stocks by market value and trading liquidity ending in negative territory.

The large-caps that performed badly included Khang Dien House Trading and Investment (KDH), Hoang Huy Investment and Financial Services (TCH), brewer Sabeco (SAB), Vietinbank (CTG), and Vietcombank (VCB).

Meanwhile, the mid-cap and small-cap trackers were up 021 per cent and 013 per cent, respectively.

By sector, the banking industry continued weighing on the market sentiment as six of 10 banks listed on HoSE declined, followed by construction and aquaculture industries.

On the Ha Noi Stock Exchange, the HNX-Index gained 035 per cent to 13220 points.

The northern market index dropped 104 per cent on Tuesday.

More than 226.6 million shares were traded on the two exchanges, worth VND393 trillion (US$170 million).

The afternoon trading session starts at 1pm. — VNS