Unfavourable moves in global markets and uncertainty over the second Government stimulus package drove the VN-Index down 3.06 percent or 18.37 points to 581.49 points, after a slight rebound on October 28.

A huge 81.4 million shares changed hands, worth 4.1 trillion VND (230.3 million USD). Sacombank (STB) was the most actively traded stock with 6.8 million shares being sold.
The HNX-Index dropped below the 200-resistance mark to close on Oct. 29 session at 196.14 points, a decline of 3.62 percent.

Trading value stood at 1.7 trillion VND (95.5 million USD) on 42 million shares. Sai Gon-Hanoi Commercial Bank (SHB) stock was the most heavily traded, with 4.2 million shares changing hands.

The low trading volume on Oct. 28 reflected hesitation in securities trading, while share-dumping on global markets had a negative influence on domestic indices, said Nguyen Huy Cuong, a securities analyst in Sacombank Securities.

Cuong said the new resistance marks would be 560 points for the VN-Index and 186 points for the HNX-Index. Foreigners became net-sellers on Oct. 29, shedding a combined total of 2.8 million shares on both stock exchanges.

Foreign capital pipelined into the stock market has slowed because of the economic crisis, said Nguyen Son, head of the Market Development Department under State Securities Commission.

Son said the net-sales value was 590 billion VND (33.14 million USD) in the first six months, but added that portfolio restructuring accounted for the majority of shares sold./.