Benchmark VN Index extended losses for a second session on March 10 as investors offloaded their stakes to avoid negative effects of macroeconomic factors.
Investors work in a trading session at MB Securities Company (Photo: VNA)
Hanoi (VNA) - Benchmark VN Indexextended losses for a second session on March 10 as investors offloaded theirstakes to avoid negative effects of macroeconomic factors.
The HCM Stock Exchange index fell 0.5 percent to finish the week at 712.21points, having fallen 0.6 percent after a four-day increase of 1.3 percent.
The last two declining sessions also erased all gains the VN Index made in theprevious four days. It finished the week slightly lower than last week’sclosing level of 712.62 points.
In the banking sector, Vietcombank (VCB), MBBank (MBB), Vietinbank (CTG) andBank for Investment and Development of Vietnam (BID) were decliners with lossesranging between 0.8 percent and 1.5 percent.
The decline was worsened by other leading stocks such as the southern brewerSabeco (SAB), PetroVietnam Gas Corp (GAS), DHG Pharmaceutical JSC (DHG) anddairy producer Vinamilk (VNM).
Property and other large-cap stocks such asFaros Construction Corp (ROS), Vingroup (VIC), Hòa Phát Group (HPG) and FPTCorporation (FPT) increased to help the market avoid falling deeper.
On the day, market trading volume increased one percent from March 9’s numberwith more than 197.4 million shares being exchanged, however, trading valuedropped 3.8 percent to 3.55 trillion VND (158 million USD).
On the Hanoi Stock Exchange, the HNX Index gained 0.5 percent to end at 88.13points. The northern market index has rallied a total 1.8 percent in the lastfour sessions, which helped the index gain 1.7 percent week on week.
ꦯ More than 48.8 million shares were traded on the northern bourse worth 580billion VND, increases in trading volume and value from March 9. - VNA
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Investors work in a trading session at MB Securities Company (Photo: VNA) 
