On the HCM City Stock Exchange, the VN-Index lost 2.39 per cent to stand at 473.97 points, led by heavy slumps of blue chips.— Photo tinnhanhchungkhoan

HA NOI (Biz Hub)— Both Vietnamese stock exchanges tumbled this morning following shaky performance in global markets.

On the HCM City Stock Exchange, the VN-Index shed 2.39 per cent to 473.97 points, led by a heavy slump in blue chip stocks.

Most of the markets flagship 30 decreased in value, with Bao Viet Holdings (BVH) down 5.3 per cent; VinGroup (VIC) down 3.9 per cent, Masan Group (MSN) down 3 per cent; and Vinamilk (VNM) down 2.2 per cent.

The VN30 also fell 2.39 per cent to 527.26 points.

However, trading improved as low valuation drew risk-neutral investors. Nearly 40 million shares worth VND721 billion (US$34.3 million) were traded by the end of this morning, more than tripling yesterday morning's levels.

FLC Group (FLC) was still the most active code with nearly 2.5 million shares changing hands at VND4,900 each.

On the Ha Noi Stock Exchange, the HNX-Index edged down 1.22 per cent at 60.66 points with a turnover of nearly VND135 billion ($6.4 million).

Sai Gon-Ha Noi Bank (SHB) led the northern market with trades of over 3 million shares, after falling 1.54 per cent to VND6,400 a share. — VNS