Customers and Vietcombank employees wearing masks during transactions. The bank shares posted the biggest losses in market capitalisation yesterday. — Photo portal.vietcombank.com.vn Shares settled lower on Wednesday as selling force overweighed bullish sentiment gathering in the previous session. Foreign investors also net sold a great value of shares. On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index fell 0.2 per cent to close on Wednesday at 1,270.79 points. The index reclaimed nearly 30 points in Tuesday’s trade as investors’ risk appetite returned. The trend continued in Wednesday’s morning trade, then reversed course in the afternoon. The market's breadth was still positive with 171 stocks declining, while 185 stocks climbed. Meanwhile, the liquidity was weaker as VND16 trillion (over US$694 million) was poured into the market, worth a trading volume of nearly 452 million shares. The index's reversal was mainly due to losses in many large-cap stocks, mostly in banking, utilities and material sectors. The VN30-Index, which tracks 30 biggest stocks in HoSE, also dropped 0.32 per cent to 1,406.54 points. Twenty-one of 30 biggest stocks in the VN30 basket plunged while nine rose. Bank stocks led the downward trend on Wednesday, followed by utilities and material stocks…. Read full this story
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