The nation's two indices continued to slide on June 26 despite the Government replacing Decree 58/2012 with Decree 60/2015, allowing foreign investors to increase their ownership to 100 percent of Vietnamese listed public companies.

The new Decree, issued on June 25, is expected to draw more foreign investment into the stock market.

Foreign investors were net buyers, with a net purchase value of 478.87 billion VND (22 million USD), most of which, 460 billion VND (21.3 million USD) was in the Hochiminh Stock Market.

The new Decree helped market liquidity increase by 73.8 percent over the June 25 session to a total of 3.91 trillion VND (181 million USD) on both bourses, but it also encouraged traders to increase their selling activity, putting heavy pressure on shares and led to the decline of both indices.

On the southern bourse, the VN-Index declined by 1.06 percent to 581.75 points with 122 decliners and 99 gainers.

The VN30 Index, which tracks top 30 shares in capitalisation and liquidity, maintained its growth most of the time during the session. However, it lost 0.09 percent to stand at 608.92 points at the end of the day.

Among 30 largest shares, 14 declined from their values of the previous day.
FLC Group (FLC) remained the most active code on the market with nearly 27 million shares being traded, and gaining 3.49 percent to end at 8,900 VND per share.

On the Hanoi Stock Exchange, the HNX Index lost 1.07 percent to finish at 85.52 points with 112 losers and 93 advancers while the HNX30 Index fell by 1.01 percent to 164.16 points.

Blue chips on the northern bourse were also down. Sai Gon-Hanoi Bank (SHB), Petroleum Technical Services Corporation (PVS) and Drilling Mud Corporation (PVC) in turn dropped by 2.78, 2.51 and 3.21 percent.

Securities shares grew, as mentioned earlier. VNDirect Securities JSC (VND), Sai Gon-Hanoi Securities JSC (SHS), IB Securities JSC (VIX) and Bao Viet Securities JSC (BVS) gained 5.07, 2.35, 9.52 and 4.14 percent respectively.

VNDirect Securities JSC (VND) was the most active code on the northern bourse with nearly 6.2 million shares being traded on the day. There were ten stocks that traded more than 2 million shares.-VNA