Fears that the market will continue to decline further pushed investors into another sell-off.

On the Ho Chi Minh Stock Exchange, the VN-Index lost a further 1.68 percent to close April 15 session at 586.09 points, a fourth consecutive falling day. More than 70 percent of codes shed value; many of them blue chips.

Heavyweight shares including PV Gas (GAS), Vinamilk (VNM), Vietcombank (VCB), VinGroup (VIC), Bao Viet Holdings (BVH), Hoa Phat Group (HPG) and FPT Group (FPT) fell under high selling pressure.

The VN30, tracking the top 30 shares by market value and liquidity, was down 2.02 percent to end at 647.74 points. Cheaper prices again attracted bargain hunters as market volume rose slightly over April 14 to 131.7 million shares and fund certificates, worth a total 2.424 trillion VND (114.9 million USD). Tan Tao Investment Industry Corp (ITA) became the most active code on the southern bourse on trades of 11.2 million shares however still managed to slide more than 4 percent to just 9,400 VND a share.

On the Hanoi Stock Exchange, the HNX-Index sank 2.83 percent to close at 84.34 points on April 15 while the HNX30 also slid 1.91 percent to end at 177.26.

On the whole, more than 200 share prices tumbled compared with only 43 advancing during trades. Forty seven closed flat and 121 remained unchanged by the end of the session. Trading was busier as both market volume and value increased 40 percent, with 85 million shares worth over 1 trillion VND (47.4 million USD) changing hands. Sai Gon-Ha Noi Bank (SHB) was the most active stock on the northern bourse on April 15 with nearly 14 million shares traded at 10,800 VND each, down 1.82 percent.

Analysts from BIDV Securities Co said the market was lacking fresh momentum following the announcement of first-quarter results while lackluster economic data failed to push up the market. foreign investors increased purchases on April 15, picking up a total net buy value of 2.8 million USD.-VNA