Share trading on both Vietnamese bourses on October 24 continued to be hit by news of the nation's consumer price index (CPI), which in October rose 0.49 percent from the previous month.

Bao Viet Securities Co analyst Tran Hai Yen predicted food, including restaurant services, would continue to play the biggest role in inflation until year-end.

The most notable point in October 24’s session was profit-taking in low, market-price shares that had significantly increased, such as PetroVietnam Transportation (PVT) and construction firms Licogi 16 (LCG) and Tan Tao (ITA), Yen said.

On the HCM City Stock Exchange, the VN-Index closed nearly 0.6 percent lower to reach 501.17 points.

Trading value still stayed high at 1.3 trillion VND (61.3 million USD), rising 5 percent over the October 22 session, on a total volume of 86.4 million shares.

Almost all blue chips tracked by the VN30 declined. Only Vietinbank (CTG) added 0.6 percent, Pha Lai Thermal power (PPC) edged up 0.5 percent and Vinamilk (VNM) added 0.7 percent.

Meanwhile, two stocks, Becamex Infrastructure Development (IJC) and PetroVietnam Transportation (PVT), reached floor prices.

The VN30 fell 0.6 percent to 562.02 points.

Despite October 24’s slumps, Yen said an uptrend had formed during the October 23 session, and the VN-Index could reach the next target of 518-520 points.

On the Hanoi Stock Exchange, the HNX-Index also shed 0.4 percent to reach 61.89 points. Nearly 41.2 million shares worth more than 350.8 billion VND (16.5 million USD) changed hands.

The HNX30, composed of the northern bourse's 30 largest shares in terms of capitalisation and liquidity, lost the most – 1.26 percent – to hit 114.88 points.

Foreign investors continued to be net buyers yesterday, picking a combined net value of 57.2 billion VND (2.6 million USD).-VNA