Despite a strong rally of US shares, the VN-Index on November 24 posted a third straight day of declines, sliding by 1.89 percent to end the day at 527.13.

Market value on the Ho Chi Minh Stock Exchange dropped significantly on Nov. 24 to just 2.17 trillion VND (117.3 million USD), on a volume of 44.47 million shares, with Eximbank (EIB) edging out Sacombank (STB) as the most active share, with 2.9 million traded.

On the Hanoi Stock Exchange, the HNX-Index also shed 2.19 percent of its value to end the session at 175.20. Trading value declined sharply to 771.56 billion VND (41.7 million USD) on a volume of 19.6 million shares, while construction giant Vinaconex (VCG) again claimed the position as the most active share on the northern market, with over 2.3 million shares changing hands.

Investor sentiment has become more wary, wavering at the prospect of another drooping market, said analysts of FPT Securities Co, noting that recent speculation in the gold and forex markets has tied up investor capital and is an additional cause of the current doldrums on the securities market.

Lacking further supporting signals from the domestic economy, the market has been unduly influenced by gloomy investor sentiment, said analysts of Beta Securities Co. But, as domestic investors grew pessimistic about the market, foreign investors had stepped up their buys, they said.

Foreign investors closed the day as net buyers on HCM City bourse with over 2.4 million shares./.