Blue chips hit by low confidence

Shares dropped on both local markets on Monday as investors switched investments from large-cap stocks to mid- and small-cap ones, putting blue chips into negative territory. The benchmark VN Index on the HCM Stock Exchange inched down 0.16 per cent to close at 718.86 points. Việt Nam’s key index has lost total 0.4 per cent after the last two sessions. The HNX Index on the Hà Nội Stock Exchange fell 0.65 per cent to end at 89.13 points, retreating from a gain of 0.2 per cent made on Friday. Market trading liquidity improved from the previous session. More than 277 million shares were traded on both local bourses, worth VNĐ5.85 trillion (US$260.2 million).

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