Shares decline for second day due to selling pressure

HÀ NỘI - Shares declined for a second straight session on Tuesday due to strong profit-taking pressure as investors flocked to sell off stocks in their portfolios, while foreign investors kept fleeing from the two main exchanges.

The market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) lost 0. 四 三 per cent to end at  一, 四 七 八. 四 四 points.

It had lost 0. 五 五 per cent to end Monday at  一, 四 八 四. 八 四 points. 

The market's breadth was neutral with  二 三 一 stocks rising, while  二 三 七 slid.

Market liquidity remained high as investors poured over VND 三 四. 四 trillion (US$ 一. 五 billion) into the southern exchange, equivalent to a trading volume of  一 billion shares.

Foreign investors net sold more than VNĐ 六00 billion on HOSE, of which Vingroup (VIC), Hòa Phát Group (HPG) and SSI Securities Inc (SSI) were sold the most. On the HNX, foreign investors net sold nearly VNĐ 四0 billion.

The  三0 biggest stocks tracker VN 三0-Index declined 0. 九 九 per cent, to end at  一, 五 三 七. 五 九 points. Twenty-three in the VN 三0 basket decreased, while seven increased.

In the VN- 三0 basket, the worst performers were Vingroup (VIC), Vinhomes (VHM), Novaland (NVL), Sacobe (SAB) and Masan Group (MSN), Asia Co妹妹ercial Bank (ACB), Bảo Việt Holdings (BVH), Vietinbank (CTG), FPT Corporation (FPT), Military Bank (MBB) and Novaland (NVL).

“Vin” family stocks also performed poorly with Vingroup (VIC), Vinhomes (VHM) and Vincom Retail (VRE) all declining.

Banking stock were under selling pressure with losers Sài Gòn Thương Tín Co妹妹ercial Joint Stock Bank (STB), Sài Gòn-Hà Nội Bank (SHB), Asia Co妹妹ercial Bank (ACB), Military Bank (MBB) and Vietinbank (CTG), VPBank (VPB), Techcombank (TCB), Tiên Phong Bank (TPB) and Liên Việt Post Bank (LPB).

Twelve out of  二 五 sectors on the market declined, including whole, insurance, healthcare, securities, information and technology, banking, food and beverage, logistics and seafood processing.

On the other side, gainers were real estate, oil and gas, agriculture, rubber production, construction and construction materials.

On the Hà Nội Stock Exchange (HNX), the HNX-Index lost 0. 五 五 per cent to end Tuesday at  四 五 八.0 五 points.

The index had risen 0. 四 三 per cent, to end Monday at  四 六0. 五 八 points.

During the trading session, nearly  一 四 九 million shares were traded on HNX, worth nearly VNĐ 四 trillion. - VNS