The VN Index on the HCM Stock Exchange on February 3 retreated from its nine-year high as investors tried to take profits from stocks’ recent good gains.
Investors at Sacombank Securities Company in HCM City. The stock market ended mixed yesterday with the benchmark VN Index falling from the nine-year high of 703.18 points (Photo: VNA)
Hanoi (VNA) - The VN Index on the HCM StockExchange on February 3 retreated from its nine-year high as investors tried totake profits from stocks’ recent good gains.
The benchmark index was down 0.4 percent to close at 700.35points. It had rallied total 3 percent in the previous five sessions to touch anine-year high of 703.18 points on February 2.
Trading market liquidity increased slightly from theprevious trading day with more than 124.6 million shares being traded, worth 2.39trillion VND (106.34 million USD).
The performance of the banking sector was negative as mostlisted banks on the southern bourse saw their values decline during the sessionwhile only Eximbank (EIB) maintained its upward trend, rising 6.3 percent tototal a four-day jump of 15 percent.
Vietcombank (VCB) fell 1.9 percent from a four-day increaseof 3.8 percent, Vietinbank (CTG) lost 1.3 percent after rising 8.1 percent inthe previous six sessions, and MBBank (MBB) edged down 0.4 percent followingits three-day gain of 2.9 percent.
Other blue chips such as PetroVietnam Gas Corp (GAS) and property developerVingroup (VIC) also ended in the red on profit-taking. These two stocks endeddown 1.2 percent each. GAS had gained 5.4 percent in the previous seven days.
On the opposite side, some companies with impressiveearnings reports for 2016 helped the southern bourse avoid falling further,including property firm FLC Group (FLC) and Faros Construction Corp (ROS).
FLC reached its daily price increase limit of 7 percentafter reporting total revenue of 6.34 trillion VND, up 19.2 percent from 2015,and total post-tax profit of 987 billion VND, up 9.6 percent year on year.
On the Hanoi Stock Exchange, the HNX Index rallied for afourth day, increasing 0.5 percent to end at 85.03 points. The northern marketindex has moved up total 2.4 percent in the last four sessions.
Market trading liquidity on the northern bourse increasedsharply from February 2 with more than 28.5 million shares being traded, worth 259.6billion VND.-VNA
The stock market will likely remain quiet this week as investors hold back from making further purchases, lowering trading liquidity, brokerage companies say.
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Investors at Sacombank Securities Company in HCM City. The stock market ended mixed yesterday with the benchmark VN Index falling from the nine-year high of 703.18 points (Photo: VNA) 
