Shares failed to retain earlier gains on both stock exchanges on October 25 despite the State Bank of Vietnam's (SBV) latest move to curb bad debts.

The benchmark VN-Index on the HCM Stock Exchange lost 0.08 percent to 500.75 points.

Trading value declined around 23 percent compared to October 24's level, standing at 1 trillion VND (47.1 million USD) as trading volume reached nearly 74.2 million shares.

The VN30, tracking HCM City's top 30 shares, also slid 0.26 percent to 560.57 points. Among the shares, losers outnumbered gainers by 12 to 7.

The exchange announced the Bank for Investment and Development of Vietnam (BIDV) had filed for listing more than 2.8 million shares, coded BID.

BIDV conducted an initial public offering in December 2011.

On the Hanoi Stock Exchange, the HNX-Index finished the day at 61.82 points, falling more than 0.1 percent.

The value of trades reached only 70.8 percent of the previous session, totalling 273.6 billion VND (12.9 million USD) on a volume of almost 32.4 million shares.

The HNX30 was the only index to add value, edging up 0.1 percent to close at 114.99 points.

Foreign investors maintained their buying trend, concluding the session as net sellers by a margin of 59.4 billion VND (2.8 million USD).-VNA