Roundup: Vietnam's Hanoi stock market bounces back, stopping six-week fall

Vietnam's capital Hanoi stock market bounced back after falling to a three-month low in the past week.

Compared to the final session on last Friday, the HNX-Index, the benchmark of the Hanoi Stock Exchange, gained 0.67 points or 0. 86 percent, stopping the declining trend in the past six consecutive weeks.

On Friday this week, the HNX-Index closed at 78.27 points, up 1. 25 points, or 1.62 percent, against the previous trading session.

During the week, the index witnessed one down and four ups, climbing up from 73.09 points to 78.27 points.

In comparison, in the previous week, the HNX-Index ranged between 77.6 points and 79.67 points.

On Friday, a total of some 49.699 million shares worth around 555.690 billion Vietnamese dong (25.49 million U.S. dollars) were traded, a decrease of 21.57 percent in volume and 1.47 percent in value against the previous trading session.

Prices of 123 stocks went up, 71 stocks fell down, while 49 stocks remained unchanged.

Along with the uptrend, during the week, foreign investors rushed to buy shares after large-volume selling last week.

During this week, foreign investors bought over 14.005 million shares while sold over 10.171 million shares. In the previous trading week, they bought nearly 3.635 million shares while sold over 13.088 million shares.

The revival of oil and gas, banking and securities stocks helped lifting up the index during the week.

Analysts said that there are signs for a new buying trend on the market. The market risks will decline if the index keeps staying above the level of 76.5-77.5 points, they said.

Meanwhile, the State Securities Commission (SSC) of Vietnam blamed the recent fall of the country's securities market on investors' negative sentiment. The SSC forecast that the market will regain with new capital flow.

Compared to the last trading session in 2014, as of Friday, the HNX-Index has decreased by 4.71 points, or 5.68 percent. Endi