Shares continued to decline on both stock exchanges on Sept. 11, albeit at a slower pace.

On the HCM Stock Exchange, the VN-Index lost another 0.58 per cent to end the day's session at 386.62 points.

Trading was sluggish with almost 35.8 million shares exchanged, worth 454 billion VND (21.6 million USD), down 44 percent in value compared to the previous session.

Losers outnumbered gainers by 140-78 but a recovery by several blue chips helped cushion the fall.

Vietinbank (CTG), Phu My Fertiliser (DPM), property developer VinGroup (VIC), dairy giant Vinamilk (VNM) and Military Bank (MBB) gained 0.7-2.1 percent.

The VN30, tracking the top 30 shares on the southern bourse, was still down 0.48 percent overall to 453.39 points

Construction company Licogi 16 (LCG) surprised the market by becoming the most active share during the day with more than 2 million shares traded, closing flat at 7,200 VND a share.

On the Hanoi Stock Exchange, the HNX-Index closed at 57.52 points, off 0.95 percent from Sept. 10's session.

Trading value also decreased 42 percent, totalling almost 156 billion VND (7.4 million USD) on a volume of 22.3 million shares.

Decliners overwhelmed advancers by 120-75 while up to 198 shares closed unchanged.

VNDirect Securities Co (VND) was still the most active code with almost 2.4 million shares changing hands, closing flat at 9,200 VND a share.-VNA