The downward slide of shares on the HCM Stock Exchange slowed a bit on Nov. 10, with the VN-Index dropping 1.81 percent to end the session at 524.4 points.

Trading volume rose to 50.23 million shares, worth a combined 2.3 trillion VND (129.21 million USD), while Sacombank reclaimed the position as most-active share, with 3.9 million units changing hands, accounting for nearly 8 percent of total market volume for the day.

On the Hanoi Stock Exchange, the HNX-Index fell on Nov. 10 by 2.46 percent to close at 177.34. About 25 million shares changed hand during the session, generating a turnover of 1 trillion VND (56.2 million USD), with construction giant Vinaconex (VCG) leading trading with a volume of 2.6 million shares.

“More investors have begun buying in again after a long period of market decline, which could be considered as a supportive factor for market growth currently,” said Hanoi broker Nguyen Duy Tan, although he admitted that buy-in volume paled in comparison to current activity on the gold market, where record high prices reaching 27 million VND (1,500 USD) in recent days have fueled speculation.

“Many analysts say that gold could climb higher, which could be a basis for investors to turn from securities to gold,” Tan said. “For the time being, capital inflows into the securities markets will fluctuate and day-trading activity seems to be increasing.”

Meanwhile, however, net buys by foreign investors have contributed to help slow the decline of the stock market, Tan said. This sector on Nov. 10 picked up a combined net of 922 million shares on both stock exchanges.
Vietcombank Securities Co told the website that flows of domestic capital into the stock market seemed to be tightening due to shifts in official monetary policy./.