The VN-Index fell back by 0.42 percent on July 15 to close at 505.19 points as investors on the HCM Stock Exchange raised new doubts about a hoped-for market recovery.

Trading volume dropped 19 percent to just 42.5 million shares, worth a combined 1.25 trillion VND (65.8 million USD).

Decliners outnumbered advancers by 136-67, with Sacombank (STB) still the most-active share on the bourse with nearly 3 million changing hands.

Shares in securities companies retreated after two days of advances, including Saigon Securities Inc (SSI), which fell by 1.7 percent; HCM City Securities Co (HCM), down 0.62 percent; and Agribank Securities Co (AGR), down 3.14 percent.

Trading in blue chips was sluggish, with many property shares posting losses, including Kinh Bac City Development Co (KBC), HCM City Infrastructure Investment Co (CII), Vincom (VIC), Tan Tao Investment Industry Corp (ITA), Tu Liem Urban Development (NTL) and Hoa Sen Group (HSG).

On the Hanoi Stock Exchange, the HNX-Index declined by one percent after six days of gains, closing the session at 160.71 points.

Market volume decreased by 20 percent to 42.1 million shares, worth a total of 1.23 trillion VND (64.7 million USD).

Losers outnumbered gainers by 198-79, with securities company shares also slumping, including Kim Long Securities Co (KLS), off 1.53 percent; Bao Viet Securities (BVS), down 2.9 percent; VNDirect Securities (VND), down a whopping 4.92 percent; Asia Pacific Securities Co (APS) off 3.57 percent; and Au Viet Securities (AVS), with a loss of 3.24 percent.

KLS continued as the most active share on the northern bourse on a volume of about 3 million.

The Hanoi market on July 15 also welcomed the listing of An Phat Plastic and Green Environment Co (AAA). AAA shares closed down 2 percent from their opening price to 49,900 VND (2.63USD ) per share, with 174,100 units changing hands.

Foreign investors continued as net buyers by value on the HCM City bourse on the day, for a net 5 billion VND (264,550 USD) worth of shares. They were also net buyers on the Hanoi market, but by a net of only 563 million VND (29,820 USD)./.