Shares reverse gains to end lower

16:00 | 02/07/2020
Shares failed to maintain upward trend on Thursday morning as large-caps weighed on indices.
shares reverse gains to end lower
Shares reverse gains to end lower

The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) lost 0.47 per cent to close at 839.53 points.

The index recouped 2.23 per cent to close Wednesday at 843.49 points after losing 5.4 per cent in the previous six sessions.

Large-cap stocks pulled the market down as the blue chip tracker VN30-Index declined by 0.49 per cent to 782.98 points.

Twenty of the 30 largest stocks by market capitalisation and trading liquidity in the VN30 basket declined while ten increased.

Among declining large-caps were Bank for Investment and Development of Viet Nam (BID), Vietinbank (CTG), FPT Corporation (FPT), PetroVietnam Gas JSC (GAS), Military Bank (MBB), Mobile World Group (MWG), Novaland (NVL), Phu Nhuan Jewelry (PNJ), Techcombank (TCB), Vingroup (VIC), and Vietjet (VJC).

On the Ha Noi Stock Exchange, the HNX-Index also declined 0.19 per cent to close Thursday morning at 111.48 points.

The northern market index gained 1.75 per cent after three-day losses, closing Wednesday at 111.69 points.

VNA

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional

Based on MasterCMS Ultimate Edition Ver 2.9 2020