HÀ NỘI — Shares declined on the two national exchanges on Wednesday as large-cap stocks were hit by profit-taking after the market advanced for two consecutive sessions. Nearly 777 million shares were traded on the southern bourse, worth VNĐ19.3 trillion (US$794 million). Investors’ profit-taking was blamed for the decline of the stock market as it strongly hit large-cap stocks. Wednesday witnessed a decline in shares on both national exchanges as profit-taking activities targeted large-cap stocks, following two consecutive sessions of market advancement. The profit-taking phenomenon occurs when investors decide to sell their shares to secure profits after a period of price appreciation.

Source: Viet Nam News December 27, 2023 19:24 UTC