Ho Chi Minh City stocks sank Tuesday, apparently tracking a plunging US market where the Dow Jones index fell 1.7 percent Monday.
The VN-Index shed 15.23 points to finish at 983.52.
Around seven million shares were traded for VND750 billion (US$46.73 million).
Volumes have decreased gradually, indicating a less than full participation by the market players.
The losers numbered 89, gainers 19, while 18 stocks remained unchanged.
Large caps like PetroVietnam Fertilizer and Chemicals, Pha Lai Thermal Power, PetroVietnam Drilling and Well Services, Song Da Urban and Industrial Zone Investment and Development, and FPT Corporation lost ground.
Construction and real estate firm Hoa Binh fell by VND2,000 to close at VND116,000.
The company confirmed it sold one million shares to strategic partners, including PetroVietnam Finance Corporation, the Singapore-based Chip Eng Seng Corp., and The Bank of Investment and Development of Vietnam.
Hoa Binh also reported it had received permission to invest in two ecotourism spots in the central province of Phu Yen.
HCMC Infrastructure Investment, another property stock, was unchanged.
The firm has been confirmed as a contractor for the Binh Trieu Bridge renovation project.
The heavily congested bridge is being reinforced to ensure safety.
PetroVietnam Fertilizer and Chemicals remained the most traded stock as nearly 1.2 million shares worth VND97 million changed hands.
Vietnam's leading fertilizer-maker, however, lost for the fourth day in a row to close at VND80,500.
Foreign investors remained net buyers, pumping VND45.6 billion ($2.84 million) into shares of Pha Lai Thermal Power, FPT Corporation, Saigon Cables and Telecommunications Material, Vinamilk, and Vietnam Electricity Construction, among others.
The mutual fund Prudential remained unchanged at VND10,500 while the other, VF1, edged down to close at VND28,900.
Hanoi's HASTC-Index lost 4.86 points to close at 340.12.
Among 96 listed stocks, there were 71 losers and only 18 gainers as more than 2.4 million shares worth VND265 billion ($16.5 million) changed hands.
Reported by Hoang Uy
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