The VN-Index dropped for a third day, declining by 2.53 percent to end the day at 458.72, the market’s lowest point since July.
The volume of trades on the HCM Stock Exchange also plunged by 18.6 percent compared to the previous day, totalling just 36.26 million shares. Meanwhile, the combined value of the day’s trading reached just 1.44 trillion VND (77.8 million USD), a decline of 19.6 percent.
On the Hanoi Stock Exchange, the HNX-Index also dropped by 2.29 percent to close at 144.53 points. Volume decreased slightly to 16.4 million shares, worth a combined 470.16 billion VND (25.4 million USD).
Stocks have lost 30 percent of their value since peaking in late October, and some shares have declined by over 50 percent, noted analysts of FPT Securities Co in their daily report.
Foreign investors on December 10 carried on net sells on both markets. This sector was responsible for a net sale of 859,620 shares, worth a combined 28.7 billion VND (1.6 million USD) on the HCM City bourse. They were net sellers of 153,700 shares, with a net value of 2.35 billion VND (127,027 USD) on the Hanoi bourse.