Roundup: Vietnam's Hanoi stock market reverses amid sluggish trading, low liquidity

Vietnam's capital Hanoi stock market reversed the falling trend amid sluggish trading and low liquidity during the week.

Compared to the final session on last Friday, the HNX-Index, the benchmark of the Hanoi Stock Exchange, gained 1.21 points or 1. 59 percent.

During the week, the index witnessed two ups and three downs, fluctuating between 75.99 points and 78.16 points.

In comparison, in the previous week, the HNX-Index ranged between 76.32 points and 77.04 points.

This week, on Friday, the HNX-Index closed at 77.53 points, down 0.26 points, or 0.33 percent, against the previous trading session.

A total of nearly 35.028 million shares worth around 387.456 billion Vietnamese dong (17.77 million U.S. dollars) were traded, an increase of 22.5 percent in volume and 17.93 percent in value against the previous trading session.

Prices of 85 stocks went up, 81 stocks fell down, while 74 stocks remained unchanged.

Foreign investors seem to stay cautious during the week as the purchasing volume sharply decreased compared to the previous week. They also turned to sell more shares than buying.

During this week, foreign investors bought over 1.464 million shares while sold over 2.009 million shares. In the previous trading week, they bought nearly 7.799 million shares while sold over 4.054 million shares.

Stock analysts forecast that the index may experience a deep fall if it continues staying sluggish in the next sessions.

Statistics show that there is still buying signal on the market, but it remains weak. The market risk is forecast to increase if there are signs of a new selling trend.

Investors are warned to stay cautious in the next sessions as the liquidity on the market has kept plunging.

Compared to the last trading session in 2014, as of Friday, the HNX-Index has decreased by 5.45 points, or 6.57 percent. Endi