Stocks plunged further on both stock exchanges on October 25, driven by losses among blue chips.

The VN-Index on the Ho Chi Minh Stock Exchange gave up another 1.4 percent to close the day at 389.92 points.

An increasing number of trades focused on bargains and cheap shares helped push up liquidity with trading value up 30 percent over the previous session, totalling 638 billion VND (30.4 million USD), on a volume of 43 million shares.

Blue chips led the downturn, pushing the VN30 tracking the top 30 shares on the bourse down 1.43 percent to 459.93 points.

Shares in Tan Tao Investment Industry Corp (ITA) were sold heavily with more than 5 million shares traded, with ITA plunging to its floor price at 4,100 VND a share.

Dairy giant Vinamilk (VNM), Kinh Bac City Development (KBC) and PetroVietnam Finance (PVF) also saw their shares drop to the floor price, while others fell 1.4-2.3 percent, including property developer Hoang Anh Gia Lai (HAG), Eximbank (EIB) and insurer Bao Viet Holdings (BVH).

On the Hanoi Stock Exchange, the HNX-Index also declined 0.68 percent to close on 53.88 points with a total value of just 152 billion VND (7.2 million USD).

Developer Sacomreal (SCR) was the most active code on the northern bourse with 2.65 million shares exchanged, hitting the floor price of just 5,600 VND a share.

PetroVietnam Construction (PVX) was the second most active stock with trades of 2.5 million shares. The shares sank 4.55 percent to 4,300 VND a share after the company posted a large loss of 546 billion VND (26 million USD ) for the first nine months of this year.-VNA