Shares on November 13 extended the previous day’s losses, closing down on both national stock exchanges following heavy sales of blue chips.

On the HCM City Stock Exchange, the VN-Index lost 0.3 percent to close at 496.12 points.

The VN30, representing the performance of the bourse's 30 largest shares, slid 0.36 percent to 553.09 points as most of its stocks closed in the red or unchanged from the November 13 session.

Only three of the blue chips managed to rally, while selling orders overwhelmed the market.

The overall value of trades reached only 56.7 percent of the November 12 level to 834 billion VND (39.3 million USD) on a volume of about 64.5 million shares.

Decliners outnumbered advancers by 118-81.

On the Hanoi Stock Exchange, the HNX-Index also shed 0.3 percent to reach 63.65 points. Losers outstripped gainers by 106-73.

With 36 million shares changing hands, trades fetched more than 260.1 billion VND (12.2 million USD), declining 43 per cent over the previous session.

The HNX30, composed of the northern exchange's 30 leading shares, fell 0.6 percent to end the day at 119.38 points.

On the bond market on November 13, the Hanoi Stock Exchange auctioned 5 trillion VND (235.8 million USD) worth of Government bonds issued by the State Treasury and sold over 3.15 trillion VND (148.5 million USD).

The bonds' terms are two years, three years, five years and 15 years and annual yields range from 7.4-9 per cent.

The State Treasury has raised 128.36 trillion VND (6 billion USD) from bonds so far this year.

The corporate bond market is also warming up as State-run corporations prepare issuance worth trillions of dong.

Bao Viet Securities Co analysts predicted bond yields would continue to rise if 17 more auctions were held as expected.

Foreign investors concluded the November 13 session as net sellers on both bourses by a margin of 20.4 billion VND (962,200 USD).-VNA