Shares continued to slide ON May 11 on both stock exchanges as investors became cautious and selling pressure grew.

On the HCM Stock Exchange, the benchmark VN-Index lost another 1.23 percent to close the day's session at 480.1 points.

Market value dropped 26 percent from May 10’s level, totalling almost 1.7 trillion VND (81 million USD), while the volume of trades declined 15 percent to nearly 114.3 million shares.

Decliners overwhelmed advancers by 192-73, led by blue chips. Among the 30 leading shares by market capitalisation and liquidity, only five rallied while 21 plunged and four closed unchanged. The VN30 Index sank 1.23 percent to 547.94 points.

On the Hanoi Stock Exchange, the HNX-Index fell nearly 2 percent to finish at 81.58 points, erasing all gains it had accumulated early this week.

Both trading volume and value declined 10 percent to 91.8 million shares, worth 992.2 billion VND (47.2 million USD).

Losers outnumbered gainers by 227-82.

Foreign investors returned to be net buyers on the HCM City exchange, picking up 78.8 billion VND (3.8 million USD) worth of shares, but they were still net sellers on the Hanoi exchange, unloading shares worth 4.67 billion VND (223,000 USD).-VNA