Shares traded lower on Thursday as selling pressure continued to press on blue chips, especially in the banking and finance sectors. VPB and CTG reduced to the floor price after the afternoon session closed.
The benchmark VN Index on HCM Stock Exchange went down to 1,044.86 points, lost -35.88, equivalent to -3.32%.
The stock market was shut on Wednesday on the occasion of the anniversary of the Hùng kings – the 10th day of the third lunar month, which fell on April 25 this year.
On Ha Noi Stock Exchange, the HNX Index went down – 4.90 percent to 120.12 points, lost -6.19 percent.
Bank and securities stocks were under the heaviest selling pressure.
Every bank and most of securities companies on the two exchanges suffered losses in the morning trade, including Vietinbank (CTG), Vietcombank (VCB), Military Bank (MBB), Asia Commercial Bank (ACB), Vietnam International Bank (VIB) Saigon Securities Inc (SSI), VNDirect Securities (VND), MB Securities (MBS) and Bao Viet Securities (BVS).
Their losses ranged from 1.2 to 9.6 per cent.
However, the growth of some large-cap stocks cushioned the market fall. The largest supporters included brewer Sabeco (SAB), dairy firm Vinamilk (VNM) and steel maker Nam Kim JSC (NKG).
The overall market condition was negative though, total of shares trading today, worth VND 5,948.7 trillion on Ho Chi Minh Stock exchange and 950.4 on Hanoi Stock exchange.