The VN-Index continued to slide July 12, losing another 1.84 percent before closing at 417.25 points.

The value of trades on the HCM Stock Exchange nearly doubled July 11's anaemic level, however, reaching 644.4 billion VND (31.3 million USD) on a volume of over 32 million shares.

Blue chips tumbled again. Both PetroVietnam Finance (PVF) and conglomerate Masan Group (MSN) dropped to their floor prices while real estate developer Hoang Anh Gia Lai (HAG) and insurer Bao Viet Holdings each declined by 3.4 percent and steel producer Hoa Phat Group (HPG) and real estate developer Vincom (VIC) fell by over 2 percent each.

Binh Dinh Minerals Co (BMC) bucked the trend, managing to hit its ceiling price for the third consecutive session due to solid second-quarter earnings.

Decliners outnumbered advancers by 162-54 overall. Sacombank (STB) was again the most-active share on the HCM City bourse, with 1.86 million changing hands before closing unchanged.

FPT Securities Co analysts issued a market report saying that a strong downturn was likely after a series of sluggish sessions and warned short-term investors of sell-off pressures if any negative information were published in the near future.

On the Hanoi Stock Exchange July 12, the HNX-Index managed to gain by 0.47 percent in the closing minutes of the session to close at 72.28 points, ending four consecutive days of losses as speculative investors circled around under-valued shares.

The overall value of trades on the northern bourse July 12 rose by 34.5 percent to 251.5 billion VND (12.2 million USD) on a volume of 24.3 million shares.

Trades were mixed, with 109 codes advancing and 110 declining. Kim Long Securities Co (KLS), with 2.7 million shares traded, was the most-active share nationwide but closed unchanged.

Foreign investors managed to conclude July 12 as net buyers of just 4.6 billion VND (223,200 USD) worth of shares in HCM City , while they were net sellers of 2 billion VND (97,000 USD) worth of shares in Hanoi. /.