Vietnamese shares returned to negative territory after a two-day increase as investors looked for profits ahead of the national holidays. The benchmark VN-Index on the Ho Chi Minh Stock Exchange dropped 0.29 per cent to close at 974.13 points. The VN-Index had gained total 1.14 per cent in the previous two trading days. More than 149 million shares were traded on the southern bourse, worth nearly VND3 trillion (US$127.6 million). Trading liquidity improved slightly compared to Wednesday but remained below the average level of the last 20 trading days as investors chose to earn profits before the five-day national holidays, according to Sai Gon-Ha Noi Securities (SHS). The market breadth was negative with 166 declining stocks and 108 gainers while 71 stocks remained unchanged. “The stock market traded very quietly today with both marginally-moving indices and low liquidity,” SHS said in its daily report. “Investors seemed bored with the recent market conditions. In addition, as the market is about to close in the first three trading days of next week for the national holidays, investors would rather stay out of the market trading at the moment,” SHS said. Poor market sentiment pulled 15 of the 20 sector indices down on… Read full this story
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