Hanoi (VNA) –VN-Index fell sharply for the second consecutive day, dropping nearly 24 pointson May 17.
On the Ho Chi MinhStock Exchange (HOSE), VN-Index rose slightly to 1,055.21 points in themorning, with over 3.7 million shares sold with a value of over 47 billion VND.
However, the indexslumped at the end of the morning session to only 1,030 points.
CTG was the only codeseeing a rise of 100 VND per share, while the majority of others such as BVH,GAS, MSN, VCB, VIC and VNM suffered a decline in price from 200 VND-10,500 VNDper share.
Meanwhile, the VN30,measuring the 30 largest stocks by market capitalisation on the HOSE, saw a fallin the prices of 23 codes, while the prices of four codes remained unchangedand only three codes enjoyed a rise.
At the end of the day,the VN-Index lost 23.98 points to 1,030.64 points, with transaction valuereaching nearly 4.257 trillion VND.
The VN30 dropped 27.21points to 1,007.09 points, with 43 million shares sold worth 2.03 trillion VND.
At the same time onthe Hanoi Stock Exchange (HNX), the HNX-Index increased 0.01 points to 224.78points. Over 26 million shares were sold out, equivalent to a transaction valueof 656 billion VND.
The HNX30 closed at224.78 points, up 0.91 points over the previous day, with transactions worth479 billion VND.
The UPCOM-Index alsoenjoyed a slight rise of 0.04 points to 55.97 points, with transactionsreaching 184 billion VND.-VNA
Red coloured the stock market on May 10 when a money outflow was recorded in all groups of shares, leading to a tumble of indexes on the two main bourses.
Local investors are concerned with recent increases in net selling by foreign traders, fearing a capital flight, but experts have tried to calm the market with positive recommendations.
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Illustrative Image (Source: VNA) 
