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Roundup: Vietnam's capital Hanoi stock retains upward trend after long holiday

Xinhua, February 19, 2016 Adjust font size:

Vietnam's capital Hanoi stock market retained the upward trend after a long Lunar New Year holiday.

Compared to the level when the market closed on Feb. 5 ahead of the holiday, the HNX-Index on Friday this week posted an increase of 0.91 points or 1.18 percent. This is the third week that the Hanoi Stock Exchange has extended the upward trend since the beginning of 2016.

The Vietnamese securities market was closed during Feb. 6-14 for the Lunar New Year holiday, and returned to normal trading from this Monday.

On Friday this week, the HNX-Index, the benchmark of the Hanoi Stock Exchange, closed at 77.81 points, down 0.19 points, or 0.24 percent, against the previous trading session.

A total of some 39.319 million shares worth around 406.818 billion Vietnamese dong (some 18.24 million U.S. dollars) were traded at the Hanoi Stock Exchange on Friday, a decrease of 8.22 percent in volume and 1.86 percent in value against the previous trading session.

Prices of 105 stocks went up; 86 stocks fell down, while 75 stocks remained unchanged.

During this week, the HNX-Index experienced two ups and three downs, reaching the lowest level of 76.74 points on Monday and the highest level of 78 points on Thursday.

In comparison, in the previous trading week before the Lunar New Year holiday, the benchmark fluctuated between 75.8 points and 76.9 points.

From Monday to Friday this week, a total of nearly 189.018 million shares worth over 1.82 trillion Vietnamese dong (81.78 million U.S. dollars) were traded on the Hanoi bourse.

As of Friday, the benchmark posted a drop of 2.15 points, or 2.69 percent compared with the last trading session in 2015.

Analysts said that as the level of 78-79 points has high cumulative volume, it is difficult for the HNX-Index to surpass this area in the short term.

They also warned investors to stay cautious if there are signs of a new selling trend. Enditem