The decline of the stock market eased on April 16 with indices falling below one percent.

On the Ho Chi Minh Stock Exchange, the VN-Index slid 0.4 percent to reach 478.07 points.

Trading value jumped 60.5 percent over April 15’s level, hitting almost 1.5 trillion VND (71.4 million USD) on a volume of 58.2 million shares.

Market sentiment improved as over one-third of the listed stocks posted gains in comparison with only one sixth on April 15.

The performance of blue chips in general improved compared to trades on April 15. Among the 30 top shares tracked by the VN30, nine shares finished in the black, including major stocks such as Eximbank (EIB), Vietcombank (VCB) and Vinamilk (VNM).

The index still retreated 0.5 percent to 538.17 points.

On the Hanoi Stock Exchange, the HNX-Index managed to gain 0.54 percent to close at 59.19 points. Advancers outnumbered decliners 108-73.

However, trading was sluggish with 32 million shares worth nearly 242.2 billion VND (11.5 million USD) changing hands.

The HNX30 added more than 0.5 percent to hit 111.06 points thanks to increased movement of blue chips.

After buying by a large value on April 15, foreign investors turned to selling on April 16 with a net selling value of 25.47 billion VND (1.7 million USD) in HCM City . They remained buyers in Hanoi by a margin of nearly 11 billion VND (523,800 USD).-VNA