Shares continued to slide on the HCM City bourse but rebounded in Ha Noi. Market volume and value continued to be low on both exchanges on Jan. 26.
In the HCM City, the VN-Index fell 0.14 per cent to close at 501.25, despite advancers outnumbering decliners by 166-66.
Influential stocks, such as insurer Bao Viet Holdings (BVH), property developer Vincom (VIC) and software giant FPT Corp (FPT), all declined, dragging the index down. BVH dropped to its floor price for the third consecutive day.
Other blue chips, particularly bank and finance shares, posted gains. Vietinbank (CTG) rose 4 per cent, financial conglomerate Masan Group (MSN) 3 per cent, Sai Gon Securities Inc (SSI) 1.8 per cent, Eximbank (EIB) 0.7 per cent, Sacombank (STB) 0.8 per cent and Vietcombank (VCB) 0.3 per cent.
Both volume and value of the day's trades declined over 42 per cent as just 22 million shares worth almost VND577.5 billion (US$29.6 million) changed hands.
SSI was the most active stock with just 860,750 shares changing.
In Ha Noi, the HNX-Index increased 0.44 per cent to close at 105.76.
Gainers outnumbered losers by 196-85.
Market volume reached 15.8 million shares worth VND291.4 billion ($14.9 million), a decrease of 34.5 per cent in volume and over 31 per cent in value.
VNDirect Securities Company (VND) became the most heavily traded stock nationwide with over 1.1 million shares changing. It closed up 2.6 per cent.