HANOI: Vietnam's benchmark VN Index dropped 0.68 percent to close at 497.65 points on Tuesday as investors sold stocks in high volume for a quick profit, analysts said.
Trading volume on the Ho Chi Minh Stock Exchange surged to its highest since May 31, with about 122 million shares changing hands on Tuesday.
Commercial banks led the fall. Hanoi-based Vietcombank dropped 1 percent, Sacombank dipped 1.2 percent and Eximbank ended 1.5 percent lower.
Shares of real estate firm Tan Tao Investment and Industry Corp fell 3 percent. Its trading volume was the highest on the exchange on Tuesday.
Investors have been attracted to real estate stocks recently in expectation that the government would ease its requirements for property buyers to get loans from a 30 trillion dong ($1.4 billion) stimulus package effective in June, analysts said.
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