Vietnam's two exchanges closed down after the trading session on February 27, as investors were cautious with their investments, making it harder for the market to achieve a fillip.

Both exchanges reported a total turnover of 1.85 trillion VND (88 million USD), reflecting a trading volume of over 117 million shares.

On the HCM City Stock Exchange, the VN-Index dropped 0.7 percent to 592.57 points. The total market turnover was 1.36 trillion VND (64.7 million USD), trading with a volume of over 78.3 million shares. The markets also saw a mixed stock performance, resulting in 121 stocks advancing, 83 declining and 79 remaining unchanged.

Quang Nam Rubber Investment Joint Stock Company (VHG) topped the southern market with over 5.6 million shares, worth 72.1 billion VND (3.4 million USD), being traded. The Ocean Group Joint Stock Company (OGC) saw a massive drop in both stock prices and volume, compared with the previous session, ranking fifth in the southern market with 4.1 million shares, worth 23.8 billion VND (1.1 million USD), being traded.

The 30 largest stocks, in terms of capitalisation and liquidity, marked a significant slide in performance, which resulted in 618.39 points for the VN30 Index, or a drop of 0.87 percent.

Among the 30 largest stocks, 22 declined, only three rose and five others remained unchanged. The FLC Group Joint Stock Company (FLC) was the most active code in the VN30 Index, trading a total 5.4 million shares, worth 59.4 billion VND (2.8 million USD).

On the Hanoi Stock Exchange, the HNX-Index fell by 0.33 percent to 85.77 points. The market saw a drop in liquidity to 486.4 billion VND (23.1 million USD) and in trading volume to over 38.7 million shares.

The HNX30, comprising the northern bourse's 30 stocks, dropped by 0.4 percent to 165.69 points. The HNX30 also saw activity slipping to 263 billion VND (12.5 million USD) in trading value and 19.7 million shares.

In addition, foreign investors scaled back their purchases to 36.4 billion VND (1.73 million USD) for 2.3 million shares in both the markets. Foreign investors were most active on the HCM City Stock Exchange and bought a total of 2.06 million shares, worth 33.4 billion VND (1.59 million USD).-VNA