The VN-Index fell again on Wednesday by another 1.2 percent, closing the day at 489.5 points and largely undoing Tuesday’s modest rebound.
The volume of the day’s trades on the HCM City Stock Exchange rose slightly to 34.75 million shares, worth a combined VND1.57 trillion (US$83.5 million).
Bank shares remained the most active, with Eximbank (EIB) responsible for 1.56 million trades and Sacombank (STB) another 1.48 million.
On the Ha Noi Stock Exchange, the HNX-Index saw a more significant drop of 2.92 percent to end the day at 161.05 points. Trading volume eased off to 18 million shares, worth a total of VND575.36 billion ($30.6 million).
Kim Long Securities Company (KLS) claimed the position as the most-active share on the northern bourse, with over 2.8 million traded.
HCM City released its January inflation data yesterday, showing a year-on-year increase of 9.05 percent, and this, along with fading but still current rumours about a pending increase in the prime interest rate, was continuing to cause investors to adopt a cautious stance towards the market, suggested Ngo Thanh Phat, head of analysis for Viet Nam International Securities Comapny.
"The market is unlikely to undergo a steep correction," opined FPT Securities Company analysts in yesterday’s daily market report. They reckoned 480 as a new resistance threshold for the VN-Index.
Foreign investors concluded yesterday as net buyers on both bourses, responsible for a net buy of over 1.9 million shares, worth VND85.6 billion ($4.6 million).