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Roundup: Vietnam's Hanoi stock market dips further amid low trading volume

Xinhua, July 31, 2015 Adjust font size:

Vietnam's capital Hanoi stock market dipped further during the week with low trading volume.

The Hanoi bourse has witnessed falling volume in three consecutive sessions since Wednesday, with the highest plunge of 22.4 percent on Thursday.

Compared to the closing session on last Friday, the HNX-Index, the benchmark of the Hanoi Stock Exchange, lost 1.19 points or 1. 38 percent.

On Friday this week, the HNX-Index closed at 85.13 points, down 0.67 points, or 0.79 percent, against the previous trading session.

During the week, the index witnessed two ups and three downs, with the highest level of 86.5 points on Monday and the lowest level of 85.11 points on Wednesday.

In comparison, last week, the HNX-Index fluctuated between 85. 93 points and 87.00 points.

A total of 35.501 million shares worth 449.576 billion Vietnamese dong (20.81 million U.S. dollars) were traded on Friday, a decrease of 0.27 percent in volume and an increase of 7.8 percent in value against the previous trading session.

Prices of 76 stocks went up, 102 stocks fell down, while 67 stocks remained unchanged.

Stocks that lead the market, including those of securities, oil and gas, banking and insurance, were almost in red during the week, contributing to the downward trend of the bourse.

From Monday to Friday, foreign investors bought over 6.294 million shares while sold over 3.744 million shares.

According to analysts, the HNX-Index is struggling in the short term when there is no sign of a new buying trend. Investors still remain cautious.

The market risk remains high as the trading volume is plunging, they said, adding that the range of 84.5-85 points will serve as the support level for the index in the short term.

Compared to the last trading session in 2014, as of Friday, the HNX-Index has increased by 2.15 points, or 2.59 percent. Endi