The VN-Index on the HCM City Stock Exchange lost 0.96 per cent to close at 594.36 points, on the exchange of more than 66.1 million shares, worth VND1 trillion (US$47.6 million). — Photo ndh

HA NOI (Biz Hub) — Shares dropped on both the national stock exchanges this morning due to high selling pressure.

The VN-Index on the HCM City Stock Exchange lost 0.96 per cent to close at 594.36 points, on the exchange of more than 66.1 million shares, worth VND1 trillion (US$47.6 million).

The benchmark index did not receive any support from large-cap stocks as most of the VN30 stocks, the largest stocks by capitalisation and liquidity, closed in the red. The VN30-Index tumbled 1.15 per cent to end at 634.59 points.

Only Vietinbank (CTG) and PetroVietnam Drilling Corporation (PVD) managed to tread water this morning.

On the Ha Noi Exchange, the HNX-Index slid by 1.63 per cent to stand at 78.13 points, while the HNXFF-Index, tracking stocks with minimum free float rate of 5 per cent, closed 1.53 per cent lower to finish at 78.04 points.

The HNX30-Index, comprising top stocks, also lost 1.93 per cent to end at 156.02 points.

With 29 million shares changing hands, the trading value reached VND326.9 billion ($15.4 million). — VNS