Market breadth was negative with 199 gainers and 231 losers.
“VN-Index continues to retest the short-term resistance at 1,180 points. Liquidity decreased slightly, market amplitude narrowed and market breadth was negative, indicating cautious trading sentiment among investors,” said BIDV Securities Co.
“Foreigners turned back to be net sellers on the HSX and net buyers on the HNX. The VN-Index is likely to move in the 1,160-1,200 point range this week," the firm said.
Foreign investors net sold VND613.42 billion on HOSE, including dairy firm Vinamilk (VNM) (VND178.2 billion), steelmaker Hoa Phat Group (HPG) (VND110.1 billion), and SSI Securities Incorporation (SSI) (VND42.5 billion). They were net buyers on the HNX to the tune of VND11.0 billion.
Towards the end of the session, the VN-Index's gain was significantly reduced as banking stocks such as Techcombank (TCB), Military Bank (MBB), Vietinbank (CTG) and Sacombank (STB) extended their losses.
Among them, Sacombank (STB) decreased by 0.5 per cent to VND18,600 per share and Techcombank (TCB) lost 0.3 per cent to VND38,600 per share.
Securities stocks also reported losses such as SSI Securities Inc (SSI) decreased 0.9 per cent, VNDirect (VND) down by 0.9 per cent and Viet Capital Inc (VCI) declined 1.4 per cent.
A number of other blue-chips also performed poorly such as Phu Nhuan Jewelry (PNJ), Sai Gon-Ha Noi Bank (SHB), Vincom Retail (VRE), Sabeco (SAB) and Petro Vietnam Gas JSC (GAS).
But some still attracted cash flow and supported the indices such as Kido Group (KDC), Vinhomes (VHM), Vingroup (VIC) and VPBank (VPB).
The large-cap tracker VN30-Index was unchanged at 1,180.55 points.
Twenty of the 30 large-cap stocks in the VN30 basket decreased while eight made gains.
On the Ha Noi Stock Exchange, the HNX-Index rose 2.94 per cent to end Monday at 237.97 points.
Nearly 107 million shares were traded on the northern market, worth VND1.8 trillion. — VNS