Hanoi (VNA) – Shares fell further on the two exchanges on December13.
The benchmark VN Index on the HCM Stock Exchange dropped 0.8 percent to closeat 654.66 points, extending a two-day loss of 1.3 percent.
The HNX Index on the Hanoi Stock Exchange dipped 1.2 percent to finish at 77.88points. The northern bourse has declined by 2.2 percent over the past twosessions.
Large-cap stocks remained the major factor that pulled market down, with 18 ofthe 30 largest companies by market capitalization recording losses.
Those stocks included dairy firm Vinamilk (VNM), consumer goods producer MasanGroup (MSN), banks and property developers.
VNM lost 2 percent, MSN slumped 3.2 percent, while banking and real estatesectors continued to underperform.
More than 172.6 million shares were exchanged on the two bourses, worth nearly2.7 trillion VND (119.95 million USD).-VNA
Shares continued last week’s decline on Dec 5 on national stock exchanges as traders continued to sell riskier assets on fears of a further decline on the back of untamed selling by foreign traders.
Saigon Beer Alcohol Beverage Corp. (Sabeco) hit the daily limit rise of 20 percent on its first trading day on the main bourse in HCM City on December 6 but this was not enough to lift the market.
Shares rose for a second day on the HCM Stock Exchange on December 8, propped up by recovery of large-cap shares, while continuous foreign sells keep threatening market stability.
Shares rose on the two exchanges on December 9 as investors returned to purchase large-cap stocks with support information in expectation of a further expansion.
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Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
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A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative image (Source: VNA) 
