The Vietnamese stock market started the week on a negative note as benchmark indices on both national exchanges declined on July 26 despite rallies on global markets.

On the HCM Stock Exchange, the VN-Index sank below the 500 points to close on July 26 at 498.1, posting a loss of 0.44 percent over July 23's close. However, trading volume rose 7 percent to over 42 million shares, worth a combined 1.23 trillion VND (64.7 million USD).

Decliners outnumbered advancers by 141-56, with blue-chips leading the market slump. Bank and finance shares declined with Vietcombank (VCB) sinking 2.11 percent; Vietinbank (CTG), down 0.79 percent; Eximbank (EIB), down 0.52 percent and Saigon Securities Inc (SSI) with a loss of 0.9 percent.

Trading in property shares was also sluggish, including Investment and Trading of Real Estate (ITC) dropping 2.97 percent; Vincom (VIC), down 1.45 percent; Song Da Urban and Industrial Zone Investment and Development (SJS), down 0.66 percent; and Tu Liem Urban Development (NTL), off 1.28 percent

Sacombank (STB), the most active share on a volume of over 2 million shares traded, was among few shares closing high, with a gain of 0.57 percent to 17,500 VND (0.92 USD).

The HCM City bourse on July 27 welcomed two new listings of Dream House Investment Corp (DHR) and Vung Tau Real Estate and Construction Co (VRC). DHR rose 10 percent from the reference price to 18,700 VND (0.98 USD) on a volume of over 528,000 shares while VRC jumped 20 percent to 43,200 VND (2.27 USD) with nearly 469,000 traded.

Credit growth in the first six months of this year reached 10.52 percent while loans in Vietnamese dong rose only 4.6 percent.

On the Ha Noi Stock Exchange, the HNX-Index shed 1.45 percent to end on July 26 at 155.7. Trading volume fell by 12 percent from July 23's level to 29 million shares, worth a total of 873 billion VND (46 million USD).

Losers outnumbered gainers by 217-61, with Kim Long Securities (KLS), the most active share on the volume of 1.4 million, sinking 1.68 percent to 17,500 VND (0.92 USD).

Foreign investors concluded on July 26 as net buyers by volume of only 15,000 shares on the HCM City market while they were net sellers by value, for a total of 782 million VND (41,160 USD). They were net buyers on the Ha Noi market, for a value of 1.3 billion VND (6.8 million USD)./.