Shares tumbled in Ho Chi Minh City for the fifth successive session and also declined in Hanoi.

On the HCM Stock Exchange, the VN-Index retreated nearly 1.2 percent to 509.03 points.

Trading value still stood at around 1 trillion VND (47.6 million USD) as 60.67 million shares changed hands.

The VN30 tracking the top 30 shares by market capitalisation and liquidity lost 1.5 percent to 562.97 as only two stocks advanced. Both were rubber companies - Casumina (CSM) and Da Nang Rubber (DRC).

The largest falls were in shares of property developer Vingroup (VIC), food processor Bourbon Tay Ninh (SBT), PetroVietnam Drilling Services (PVD), steelmaker Hoa Sen Group (HSG), insurer Bao Viet (BVH) and Phu My Fertiliser (DPM). Each drop was calculated at 3-4.8 percent.

On the Hanoi Stock Exchange, the HNX-Index was flat, edging down 0.02 percent to 65.63 points.

Market value and volume totalled 300.5 billion VND (14.3 million USD) and 36.5 million shares respectively.

The HNX30, which represents the northern bourse's top 30 stocks, slid 0.33 percent to reach 126.21 points.

While foreign investors were net buyers in Hanoi by a margin of 11.45 billion VND (545,200 USD), they were net sellers in HCM City with a net sale of 150 billion VND (7.1 million USD).-VNA