Shares plunged on Dec.7 on both the HCM and Hanoi stock exchanges as investors rushed to sell and realise profits after the previous day's buying frenzy.
On the HCM Stock Exchange, the VN-Index declined by over a percent to close at 460.76 points. The volume of trades decreased by 11.5 percent from Dec. 6's highs to 84.2 million shares, worth a combined 1.97 trillion VND (93.8 million USD).
About 44 percent of 195 decliners plunged to their floor prices on Dec.7, while only 13 shares hit their ceiling prices – compared to 70 in the previous session.
Blue chips tumbled. Of the major shares, only insurer Bao Viet Holdings (BVH) and property developers Hoang Anh Gia Lai Co (HAG) and Vincom Co (VIC) rose in value, with VIC hitting its ceiling price of 86,000 VND (4.10 USD).
Saigon Securities Inc (SSI), with a volume of over 6 million shares, was again the most-active on the bourse. SSI closed down 3.1 percent, however, to 28,300 VND (1.35 USD).
On the Hanoi Stock Exchange on Dec.7, the HNX-Index declined by 2.46 percent to close at 114.19. Market volume fell by 8 percent from Dec. 6's session to 80.8 million shares, worth a total of 1.6 trillion VND (76.2 million USD).
Decliners outnumbered advancers by 283-48 and almost 56 percent of the losers slumped to their floor prices.
Kim Long Securities Co (KLS) continued to be the most heavily-traded share nationwide, with more than 11 million changing hands, but KLS declined 2.4 percent to close at 16,000 VND (0.76 USD), ending a streak of six consecutive days of gains.
Foreign investors were net buyers in HCM City on Dec.7 of 73 billion VND (3.5 million USD) worth of shares but were net sellers in Hanoi of 5.8 billion VND (276,200 USD)./.
