Off the wire
• Margin trade service to more than quadruple capital  • Japan's Abe apologizes for LDP lawmakers' anti-media remarks  • Weather forecast for major Chinese cities, regions -- July 3  • Weather forecast for world cities -- July 3  • Spotlight: Chinese premier's Europe visit sets new stage for bilateral cooperation  • Roundup: Singapore stocks end up 0.45 pct  • China approves insurance investment fund  • 8 killed in road mishap in northern India  • Humanitarian situation in Somalia still fragile despite progress: UN  • Wanda Group leads biggest-ever investment in China's online tourism firm  
You are here: 　 Home

Roundup: Vietnam's Hanoi stock market recovers amid information on lifting of foreign ownership limit

Xinhua, July 3, 2015 Adjust font size:

Vietnam's capital Hanoi stock market stopped the falling trend in the past two weeks amid the recent move of Vietnamese government in lifting foreign ownership limit at publicly listed companies.

Analysts said the lifting of foreign ownership limit is expected to help attracting more investment, thus improving market liquidity.

The new decree, 60/2015/ND-CP, signed by Vietnamese Prime Minister late last week, will take effect from Sept. 1, 2015.

As of Friday, the HNX-Index, the benchmark of the Hanoi Stock Exchange, gained 2.18 points or 2.55 percent against last Friday's closing session.

Compared to the last trading session in 2014, the HNX-Index posted an increase of 4.72 points or 5.69 percent.

During the week, the index witnessed three ups and two downs, ranging from 84.94 points on Tuesday to 87.7 points on Friday.

By comparison, in the previous week, the HNX-Index fluctuated between 85.52 points and 87.09 points.

On Friday, the Hanoi bourse closed at 87.7 points, up 0.94 points, or 1.08 percent, against the previous trading session.

A total of some 57.577 million shares worth over 710.202 billion Vietnamese dong (32.88 million U.S. dollars) were traded at the Hanoi Stock Exchange on Friday, an increase of 27.2 percent in volume and 25.28 percent in value against the previous trading session.

Prices of 101 stocks went up, 81 stocks fell down, while 66 stocks remained unchanged.

Foreign investors accelerated their buying during the week. From Monday to Friday, foreign investors bought over 9.693 million shares while sold out over 4.922 million shares on the Hanoi bourse.

In the previous week, foreign investors bought nearly 5.84 million shares while sold out over 3.78 million shares.

Stock analysts said the market is forecast to be positive in the short term as there are signs of a new buying trend. However, there are also warnings of possible fluctuation in stock prices in the next trading sessions. Endi