Vietnam’s benchmark VN-Index dropped 2.11 percent to 1,023.1 points Monday with 28 blue chips losing and two unchanged.
The index closed 22.04 points lower after losing 2.26 points on Friday.
Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 5.21% to VND9.75 trillion ($413.44 million).
The VN-30 basket, comprising the 30 largest capped stocks, saw 28 tickers dropped.
TPB of private TPBank led the fall with a 5.3% drop, followed by VCB of state-owned lender Vietcombank, down 4.4%.
POW of electricity producer Petrovietnam Power Corporation lost 4.1% and SSI of leading brokerage SSI Securities Corporation closed 3.9% lower.
PLX of fuel distributor Petrolimex and VPB of private lender VPBank stayed unchanged.
Foreign investors were net sellers to the tune of VND346.24 billion, mainly selling HPG of steelmaker Hoa Phat Group and VIC of private conglomerate Vingroup.
The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 1.39% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.54%.
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