Vietnam’s stocks retreat for a second day hinh anh 1Illustrative image (Photo:

Hanoi (VNA) – Vietnamese shares on July 20 extended losses for a second session as stocks continued to retreat after they had made significant gains in the previous sessions.

The benchmark VN Index on the HCM Stock Exchange dropped 1.1 percent to finish at 660.26 points, decreasing 2 percent in the last two days.

The HNX Index on the Hanoi Stock Exchange slipped 0.9 percent to close at 85.49 points, down 1.8 percent in total after two sessions.

“The markets fell for a second day as investors continued to seek short-term profits in stocks that had made significant gains recently,” Sai Gon-Hanoi Securities Corp (SHS) wrote in its daily report.

Investors traded more than 17.46 million shares worth nearly 2.9 trillion VND (130.5 million USD), a decrease of nearly 19 percent in trading value from the previous day.-VNA