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Roundup: Vietnam's capital Hanoi stock market continues upward trend

Xinhua, April 17, 2015 Adjust font size:

Vietnam's capital Hanoi stock market continued the upward trend with strong foreign buying during the week.

On Friday, HNX-Index, the benchmark of the Hanoi Stock Exchange, gained 0.63 points or 0.76 percent against the previous trading week.

From Monday to Thursday, foreign investors bought nearly 6.42 million shares while sold out over 2.42 million shares.

Compared to the last trading session in 2014, the HNX-Index on Friday also posted an increase of 0.63 points or 0.76 percent.

During the week, the index witnessed three ups and two downs, fluctuating between 82.2 points and 83.61 points.

Last week, the HNX-Index ranged between 80.47 points to 82.27 points.

On Friday, the Hanoi bourse closed at 83.61 points, up 0.21 points or 0.25 percent against the previous trading session.

A total of over 57.03 million shares worth some 727.649 billion Vietnamese dong (34.08 million U.S. dollars) were traded at the Hanoi Stock Exchange on Friday, an increase of 10.27 percent in volume and a decrease of 0.26 percent in value against the previous trading session.

Prices of 87 stocks went up, 88 stocks down, while 80 stocks remained unchanged.

The strong selling of foreign investors in March led to the plunge of the market as they often focus on trading of stocks which lead the market. After falling to the level of 80 points, the HNX-Index bounced back thanks to the return of foreign investors in buying trend.

Analysts said the risk remains little in the short term, and the level of 84-85 points will be the resistance level for the index in the next sessions.

According to information from Hanoi Stock Exchange, around 10- 15 companies will be delisted from the bourse in the next two weeks due to three-consecutive-year losses and violations in information release.

In 2014, there were 317 companies posting profits, an increase of 4 percent year-on-year. Profit value of these companies reached some 13.020 trillion Vietnamese dong (610 million U.S. dollars), up 18 percent year-on-year.

Meanwhile, 32 companies reported losses during the year with value of losses decreased by 81 percent compared to the previous year. Endi