Massive selling by both foreign and domestic investors dragged the market down to a five-week low on March 19.

On the Hochiminh Stock Exchange, the VN-Index lost 0.85 percent to close the session at 573.74 points. Meanwhile, the HNX-Index on the Hanoi Stock edged down 0.53 percent to end at 84.60 points.

Most of blue chips in the VN30 basket slumped, including Masan Group (MSN), Vinamilk (VNM), Bao Viet Holdings (BVH), Vietcombank ((VCT), Vietinbank (CTG) and Sacombank (STB).

The VN30 which tracks the top 30 shares by market value and liquidity on the southern market, dropped 0.97 percent to finish at 601.31 points.

Trading decreased substantially on the two markets. A total of nearly 132.4 million shares worth a combined 2.05 trillion VND (95.8 million USD) were traded by the end of the session, a decrease of 20 percent compared with the previous session.

Foreign investors also kept selling. They unloaded shares worth a net value of nearly 222 billion VND (10.4 million USD) in HCM City, the strongest level since the beginning of the year. They were also responsible for a net sell value of more than 20 billion VND (935,000 USD) in Hanoi.-VNA