The VN-Index declined on June 19 for four consecutive days, falling 2.68 points or as much as 0.47 percent to 567.35 points.

In the morning trading session, selling pressure intensified as investors feared further declines, causing the VN-Index to drop almost 12 points at a point in time.

However, the panic did not last long as value hunters rose to buy cheap stock, with investors becoming more calm and boosting liquidity in the market.

The trading volume and value increased by respectively 20 percent and 30 percent from the previous trading session to rise to 124.3 million shares and 1.76 trillion VND (83.8 million USD).

Most large-cap stocks plunged as sell-offs occurred in the VN30-Index, tracking the performance of the southern bourse's 30 largest stocks by capitalisation and liquidity, which declined 0.77 percent to 613.82 points.

Only four companies managed to advance on June 19, Da Nang Rubber Corporation (DRC), Kinh Do Corporation (KDC), Hoa Sen Group (HSG) and PetroVietnam Low Pressure Gas Distribution (PGD).

A gain of 0.95 percent to 105,000 VND (5 USD) a share of PetroVietnam Gas Corporation (GAS) helped narrow the benchmark index's loss on June 19.

Property stocks continued to attract significant capital inflows on June 19. FLC Group (FLC) led in the trading volume, with 3 million shares changing hands, followed by Hoang Quan Corporation (HQC) and Tan Tao Group (ITA).

In total, there were 156 decliners on the southern bourse but only 61 advancers. The northern bourse also experienced a similar trading session with the HNX-Index declining 0.54 percent to 76.44 points and the HNXFF-Index, composed of stocks with a minimum free float rate of 5 percent, edging down 0.56 percent to 76.99 points.

As shares tumbled, investors increased buying activities, with 68.6 million shares worth 690.5 billion VND (32.8 million USD) changing hands. The HNX30-Index, which tracks top stocks, fell by 0.73 percent to 152.98 points.

Foreign investors continued to be net buyers of 168 billion VND (8 million USD) shares, nearly 80 percent of which was on the southern bourse, as they bought cheap stocks in a trading session, which was on a declining trend.-VNA