Shares plunged steeper on October 1 as investors’ pessimism drove trading values down significantly.

On the HCM Stock Exchange, the VN-Index lost 1.53 percent to stand at 386.55 points on a turnover of just 478.7 billion VND (22.7 million USD), dropping 30.8 percent compared to September 31's session.

The VN30 tracking the top 30 shares on the southern bourse also declined 1.08 percent to 451.55 points.

Insurer Bao Viet Holdings (BVH), Becamex Infrastructure Development (IJC), property developer Tan Tao (ITA) and financiers Ocean Group (OGC) and PetroVietnam Finance (PVF) dropped to the floor.

Among the top 30 shares, only steelmaker Hoa Phat Group (HPG) hit the ceiling price of 20,200 VND (nearly 1 USD) per share.

The HNX-Index on the Hanoi Stock Exchange also slid 2.16 percent to finish the day at 54.27 points with trading value reaching just 169 billion VND (8 million USD).

Market conditions were negative with 161 code shedding value, only 61 posting gains and 172 closing flat.

The HNX30 fell 3.3 percent, reaching only 99.90 points.

Foreign investors were net sellers in terms of trading value, unloading a combined margin of 14 billion VND (666,700) on both stock exchanges.-VNA