700 pts– there is still a long way to go
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VN-Index could only stay above 690 for a few hours before sliding in the afternoon. Contrary to yesterday, many blue chips dropped points. VN30 has only 4 gainers versus 18 losers, but loss only 0.34% as the decline of each stock was not much. The market also witnessed a contrary behavior of small-cap and mid-cap stocks. While VNMID, representing of mid-cap stocks, fell 0.78%, VNSML (+0.28%) still continue its rally in the recent 2 weeks. But in overall, market breadth today was quite negative, with 179 gainers and 260 losers on both exchanges. Liquidity also weakened significantly; total trading turnover value was only VND 2,900bn. At the close, VN-Index lost 0.36% to 686.39 points, while HNX-Index also declined 0.54% to 85.08 points.
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