At the beginning of the trading session, both trading floors were flooded in red because of selling pressure. In the afternoon trading session, selling pressure strengthened causing the benchmark to decline further.
Only two blue-chip stocks consisting of DHG and BHN moved up whereas most stocks on the market fell drastically so the VN-Index lost nearly 17 points.
Foreign investors continued to net buy for fourth consecutive trading session with total value of VND70 billion.
The VN-Index sank 16.17 points, or 1.66 percent, to close at 957.97 points with 240 losers, 85 winners while 55 stocks remained unchanged.
The HNX-Index of the smaller bourse in the north collapsed 1.46 points, or 1.36 percent, to 105.42 points. Among the index members, there were 99 stocks declining, 45 advancing and 233 standing still.
Market liquidity slightly improved with total value of nearly VND4 trillion.