Investors continued to shun the stock market, driving down shares on both national exchanges.
The benchmark VN-Index plunged further in the afternoon, finishing September 27’s session at 393.34 points, down 0.45 percent from the previous day’s close.

The value of trades went up nearly 34 percent from the previous session, totalling almost 521.8 billion VND (24.8 million USD) on a volume of 28.6 million shares.

Blue chips slumped as only five of the top 30 shares by market capitalisation and liquidity gained value while 22 slid. The VN30, which measures the performance of the top 30 shares, was down 0.4 percent to 458.38 points.

Telecommunication equipment producer SACOM (SAM) was the most active code on September 27, with 1.94 million shares changing hands, climbing 1.54 percent to 6,600 VND per share.

On the Hanoi Stock Exchange, the HNX-Index edged near an all-time low, closing the day down 0.69 percent to 55.90 points.

Trading value dropped another 8 percent from the previous day, totalling 137.4 billion VND (6.5 million USD) on a volume of 19.6 million shares.

VNDirect Securities (VND) was still the most active code on trades of 3.75 million shares, edging down 3.26 percent to 8,900 VND a share.

The market lacked positive news while corporate earnings were forecast to be pessimistic given the economic slowdown. Many stock analysts believed the sideways movement was likely to march on given investors’ declining confidence./.VNA