Shares tumbled on June 4 due to sluggish trading after a slight rebound on the previous day.

On Hochiminh Stock Exchange, the VN-Index dropped by 5.3 points or 0.95 percent to end at 553.46 points.

The trading volume and value were at a very low level with a modest capital inflow as both sellers and buyers joined the market with hesitance.

Only around 68 million shares were traded on June 4 on the southern bourse, worth 968 billion VND (46 million USD).

Most large-cap stocks fell. Only Becamex IJC (IJC) and PetroVietnam Low Pressure Gas Distribution Corporation (PGD) managed to rise slightly.

Among the decliners, Vingroup Joint Stock Company (VIC) fell by 3.7 percent to close at 64,500 VND (3.07 USD) a share, Bao Viet Holdings (BVH) lost 4 percent to close at 38,100 VND (1.8 USD) a share and Hoa Phat Group (HPG) slid by 3.9 percent to close at 49,000 VND (2.3 USD) a share.

The VN30-Index, tracking the performance of the top stocks by capitalisation and liquidity, tumbled by 1.41 percent to end at 603.83 points.

Overall, decliners outnumbered losers by 169 – 52.

FLC Group (FLC) was the most heavily traded stocks on the southern bourse, with 12.3 million shares changing hands, followed by Tan Tao Group (ITA), with 3.7 million shares traded, and Hoang Quan Corporaton (HQC), with nearly 3.2 million shares traded.

Blue chips tumbling on Hanoi Exchange dragged down the benchmark indices with the HNX-Index seen dropping 1.42 percent to close at 73.9 points and the HNXFF-Index, composed of stocks with a minimum free float rate of 5 percent, losing 1.3 percent to 74.45 points.

The HNX30-Index ended 1.99 percent lower at 146.27 points.

Trading volume and value improved over the previous trading session, with more than 47.8 million shares worth nearly 423 billion VND (20.1 million USD) changing hands.

Foreign investors continued to be net buyers with lower net volume and value than the previous trading session, however.

They purchased a net volume of more than 3 million shares and a net value of 66.3 billion VND (3.1 million USD) declining 52.39 percent and 55.56 percent over June 3 trading, respectively.

PetroVietnam Gas Corporation (GAS) and PetroVietnam Fertilisers and Chemicals Corporation (DPM) were the most appealing stocks to foreign investors.

According to Vietnam Investment Securities (IVS), the benchmark indices might fall to 540 points on the southern bourse and 70 – 71 points on the northern bourse this week, together with a falling liquidity. Speculative stocks were forecast to post highest losses.

IVS reported that no sign of recovery of the capital inflow was visible, to date.-VNA