Vietnam's capital Hanoi stock market extends downward trend

Vietnam's capital Hanoi stock market continued to slide during a three-day trading week. However, liquidity and capital flow remained positive.

Compared to last Friday's close, the HNX-Index, stock market index of Vietnam's capital Hanoi, on Friday this week decreased by 0.31 points or 0.38 percent.

During the week, the HNX-Index experienced three straight downs, falling from 80.67 points on Wednesday to 80.37 points on Friday.

The Vietnam's stock markets traded only for three days during this week as it closed on Monday and Tuesday for holiday.

On Friday this week, the HNX-Index closed at 80.37 points, down 0.01 points, or 0.01 percent, against the previous trading session.

A total of some 47.497 million shares worth around 599.207 billion Vietnamese dong (some 26.87 million U.S. dollars) were traded at the Hanoi Stock Exchange on Friday, an increase of 26.62 percent in volume and 29.07 percent in value against the previous trading session.

In comparison, in the previous trading week, the benchmark fluctuated between 80.25 points and 81.01 points.

During this week, a total of over 131.746 million shares worth nearly 1.605 trillion Vietnamese dong (around 71.97 million U.S. dollars) were traded on the Hanoi bourse.

As of Friday, the benchmark climbed 0.41 points, or 0.51 percent compared with the last trading session in 2015.

According to analysts, positive capital flow was the highlight of the market during the week.

During the week, foreign investors remained as active traders. From Wednesday to Friday, they bought over 3.648 million shares while sold nearly 3.619 million shares.

Downtrend adjustment has been narrow on Friday compared to the previous trading session; however, more shares were in red color (down) than those in green (up).

Analysts said that market risks remain high in the short term. The index is expected to experience further sluggish trading. Endit