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VN-Index ends down amid cautious sentiment

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HCMC – The Hochiminh Stock Exchange extended its loss for the second day today, September 8, with the VN-Index falling 8.29 points amid cautious sentiment among investors.

Closing the day, the main index lost 0.62%, from the session earlier, at 1,333.61 points, with decliners outnumbering gainers by 259 to 127. Trade volume dipped by 28% over the previous session, at 341.7 million shares worth VND10.3 trillion, down 26.6%. Some 30 million shares valued at VND1.1 trillion were traded in block deals.

As the risk appetite waned, many bank stocks tumbled to the intraday low, with lenders VPB and STB falling by 2.4% and 2.2%, respectively. Other bank stocks such as OCB, CTG, TCB, MSB and EIB dropped by 1.5%-2%.

Real estate stock VIC and housing developer VHM under-performed the market as the two stocks reported a sharp drop at the close.

Many securities stocks such as CTS, TVB, VDS, HCM and TVS were on negative territory.

Among six gaining stocks in the VN30 basket, steelmaker HPG added 1.2% and took the lead on the southern bourse by liquidity with over 33 million shares changing hands.

Meanwhile, the Hanoi Stock Exchange continued its upward trend as the HNX-Index inched up 0.8 points, or 0.23%, from the session earlier, at 347.28.

Lender NVB shot up to the ceiling price at the close, while industrial development firm IDC and service company THD made mild gains.

Bank stock SHB closed at the intraday low, but became the most actively traded stock on the northern bourse with a matching volume of 14.9 million shares.

In the group of securities stocks, HBS was on positive territory, while the rest ended in the red.

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