Off the wire
• 125 arrests, 37 officials under investigation over vaccine scandal  • Paris attack suspect appears before judges for first hearing  • Roundup: Philippine bourse extends loses over fear of higher interest rates  • Players' pay strike looms in Australia's biggest sports competition  • Roundup: ICC asks Uganda to explain failure to arrest Sudan's Bashir  • China Voice: Iron-fist needed for China's green development  • 1st Ld-Writethru: Mainland to resolutely forestall separatist moves: statement  • China donates drugs to Guinea Bissau hospital  • Roundup: Singapore stocks end up 0.87 pct  • Singapore's MRT operator, NTU set up joint research lab to enhance rail reliability  
You are here: 　 Home

Vietnam's capital Hanoi stock market extends upward trend with sluggish trading

Xinhua, May 20, 2016 Adjust font size:

Vietnam's capital Hanoi stock market extended the upward trend to the second consecutive week. However, trading on the Hanoi bourse was sluggish during the week.

Compared to last Friday's close, the HNX-Index, stock market index of Vietnam's capital Hanoi, this week increased by 0.48 points or 0.59 percent on Friday.

During the week, the HNX-Index experienced two ups and three downs, posting the lowest level of 81.75 points and highest level of 82.21 points.

On Friday this week, the HNX-Index closed at 81.75 points, down 0.06 points, or 0.07 percent, against the previous trading session.

A total of nearly 36.353 million shares worth over 419.304 billion Vietnamese dong (some 18.8 million U.S. dollars) were traded at the Hanoi Stock Exchange on Friday, a decrease of 23.19 percent in volume and 22.95 percent in value against the previous trading session.

In comparison, in the previous trading week, the benchmark ranged between 80.2 points and 81.27 points.

During this week, a total of over 239.958 million shares worth nearly 2.899 trillion Vietnamese dong (around 129.996 million U.S. dollars) were traded on the Hanoi bourse.

As of Friday, the benchmark climbed 1.79 points, or 2.24 percent compared with the last trading session in 2015.

Foreign investors remained as net-buyers during this week. From Monday to Friday, they bought over 5.3 million shares and sold over 4.7 million shares.

According to analysts, there are signs of higher risks on the market in the short term. The market is expected to experience fluctuation in the next sessions.

They also said that there are signs of a selling trend on the market.

Market liquidity is decreasing as investors are staying cautious. The decrease of capital flow also contributed to the sluggish trading this week.

Analysts forecast that the range of 81-81.4 points is expected to play resistant role for the index in the short term. Endit