Investors seen at the trading centre of Bao Viet Securities Company (Photo: VNA)
Hanoi (VNA) – Vietnam’s shares slid on March 5as large-cap stocks performed poorly wheninvestors sold in pursuit of short-term profits.
A total of more than 347.7 million shares were traded onthe Hanoi Stock Exchange (HNX) and the Ho Chi Minh Stock Exchange (HOSE), worthnearly 11.04 trillion VND (485.76 million USD), on the week’s first day.
The benchmark VN-Index on the southern bourse lost 27.73points, or 2.47 percent, to close at 1,093.48 points. Over 277.68 millionshares were traded on the HOSE with the total trading value of more than 9.74trillion VND (428.78 million USD).
The HNX Index on the northern market was down 2.74points, or 2.14 percent, to settle at 125.51 points. About 70 million shares,worth roughly 1.29 trillion VND (56.76 million USD), were traded on the market.Declining stocks outnumbered gaining ones by 103 to 73, while 60 others endedflat.
Most of large-cap stocks in the VN30, the 30 largest onesby market capitalisation, plunged, including Vietcombank (VCB), Sacombank(STB), Vingroup (VIC), VietinBank (CTG), Hau Giang Pharmaceutical (DHG), and PVGas (GAS).
Some others –Bao Viet Holdings (BVH), CotecconsConstruction Corp (CTD), FPT, Vietjet Air (VJC) and Vinamilk (VNM)– roseslightly.-VNA
Shares rose for the fourth consecutive day on February 28 on the HCM City Stock Exchange, largely on the strength of a handful of banking and energy blue-chips.
Vietnamese shares declined on March 1 after rising for four consecutive sessions, due to large-cap stocks underperforming as investors sold in pursuit of short-term profits.
Trading volume on the derivatives market reached a record high in February since it started operating in August 2018, the Hanoi Stock Exchange (HNX) said.
Although the VN-Index didn’t hit the short-term target of 1,130 points last week as expected, it has nevertheless maintained its upward trend and is forecast to open next week’s session with positive status.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Investors seen at the trading centre of Bao Viet Securities Company (Photo: VNA) 
