Stocks declined on both of the nation's stock exchanges on September 24.

On the HCM Stock Exchange, declines accelerated in afternoon trading, with the VN-Index concluding the session at 390.37 points, a decline of 1.29 percent from September 21's close.

Trades were sluggish with market value declining 73 percent to 474 billion VND (22.6 million USD) on a volume of just 27.7 million shares.

Decliners outnumbered advancers by 164-57, with blue chips among the hardest hit. Insurer Bao Viet Holdings (BVH), steelmaker Hoa Phat Group (HPG), property developer Hoang Anh Gia Lai (HAG) and PetroVietnam Finance (PVF) all dropped to their floor prices.

Most bank shares also posted losses, including Military Bank (MBB), Vietinbank (CTG) and Vietcombank (VCB). Only Eximbank (EIB) bucked the trend, gaining 4.3 percent with almost 2 million shares changing hands.

The VN30-Index, tracking the exchange's 30 leading shares by market capitalisation and liquidity, closed down 0.66 percent to 454.52 points. On the Hanoi Stock Exchange, the HNX-Index slumped 0.44 percent to end the session at 56.46 points.

The value of trades was a very meagre 161 billion VND (7.7 million USD), and the quantity of losing codes dwarfed gainers by 138-52.-VNA