Illustrative image. (Photo: VNA)Hanoi (VNA) – Caution took the place of theexcitement a day earlier to embrace the local stock market on May 8 asindications slumped on both bourses.
The benchmark VN-Index on the HCM City Stock Exchange(HOSE) dropped 1.81 points to 1,060.45 points while the HNX-Index on the HanoiStock Exchange (HNX) eased 1.22 points to settle at 125.33 points.
The total transaction value stood at more than 5.91trillion VND (259.15 million USD), compared to 253 million USD on May 7.
Meanwhile, UpCoM-Index inched up 0.1 points to 56.82points.
Among stocks in the VN30, which measures the performanceof 30 stocks with the highest market capitalisation and liquidity on the HOSE,BID (Bank for Investment and Development of Vietnam – BIDV), MSN (ManSanGroup), and SAB (brewer SABECO) continued upward trend of the previous day. VNM(Vinamilk), VIC (VinGroup), GAS (PetroVietnam), VCB (Vietcombank), CTG (Techcombank)closed below the reference prices.
Insurance companies and equipment, machinery producerswere among the best-performing stocks which picked up 3.77 percent and 4.79percent, respectively while banking, mineral mining, securities and retailingshares edged down.-VNA
VNA
