The logo of FLC Faros Construction (HoSE: ROS). The company shares dived 7 per cent on Monday. — Photo vietnambiz.vn Vietnamese shares edged down on Monday as investors remained cautious despite positive movements in regional markets. The benchmark VN-Index on the Ho Chi Minh Stock Exchange fell 0.29 per cent to close at 934.77 points. The VN-Index dropped 0.35 per cent last week. More than 183 million shares were traded on the southern bourse for nearly VND3.40 trillion (US$146.3 million). That included more than 149 million shares exchanged via order-matching transactions, worth VND2.5 trillion. Liquidity fell from Friday and was below the 20-day average, proving investors were standing back and monitoring the market, Sai Gon-Ha Noi Securities (SHS) said in its daily report. Real estate, insurance, securities, construction and seafood processing stocks weighed on the market. The construction sector was dragged down by FLC Faros (ROS), which plunged 7 per cent on speculations that its shares would be removed from the portfolios of foreign exchange-traded funds (ETFs) in the upcoming quarterly review. Real estate stocks also fell as market regulators and government agencies looked at a new policy to raise the standard of corporate bonds. Seafood companies’ shares also dipped… Read full this story
VN stocks slide on market caution, gloomy forecasts have 217 words, post on bizhub.vn at February 18, 2020. This is cached page on Talk Vietnam. If you want remove this page, please contact us.