Off the wire
• China determined to push forward fight against corruption: Xi  • Weather forecast for world cities -- Oct. 21  • Weather forecast for major Chinese cities, regions -- Oct. 21  • Russian spacecraft successfully docks with ISS  • Four civilians killed in eastern Afghan clashes  • Controversial Franco Statue in Barcelona pulled down  • Giant Interactive to buy Playtika for 4.5 bln USD  • Thai stocks close up 0.51 pct  • Indian markets close lower  • Non-Singapore entities need permit to organize or participate in Speakers' Corner events: MHA  
You are here: 　 Home

Vietnam's capital Hanoi stock market ends upward trend

Xinhua, October 21, 2016 Adjust font size:

This week, Vietnam's capital Hanoi stock market stopped upward trend that has lasted for four consecutive weeks, failing to secure the 85-point threshold.

Compared to last Friday's closure, the HNX-Index, the benchmark of the Hanoi Stock Exchange, decreased by 1.25 points or 1.46 percent on Friday.

During the week, the HNX-Index experienced two ups and three downs, experiencing the lowest level of 84.2 points on Friday and the highest level of 85.54 points on Wednesday.

In comparison, in the previous trading week, the benchmark ranged between 84.54 points and 85.45 points.

On Friday, the HNX-Index closed at 84.2 points, down 0.88 points or 1.04 percent against the previous trading session.

A total of over 37.355 million shares worth some 405.667 billion Vietnamese dong (some 18.19 million U.S. dollars) were traded at the Hanoi Stock Exchange on Friday, a decrease of 22.75 percent in volume and 21.93 percent in value against the previous trading session.

During the week, over 227.742 million shares worth over 2.247 trillion Vietnamese dong (around 100.76 million U.S. dollars) were traded on the Hanoi bourse.

As of Friday, the HNX-Index advanced 4.24 points or 5.3 percent compared to the last trading session on Dec. 31, 2015.

This week, foreign investors remained to be net-sellers. From Monday to Friday, they bought over 5.111 million shares while selling about 6.421 million shares.

In the previous week, the purchase volume of foreign investors was over 5.242 million shares in buying and over 5.842 million shares in selling.

According to analysts, selling pressure has reappeared from Thursday session, causing the sink of many blue-chips.

Shares further dipped in the market on the last trading day of the week, led by energy firms, following a slump in global oil prices.

The market saw increasing selling pressure in banking, real estate, construction, securities and energy shares.

The largest oil listed stocks including PV Gas (GAS), PetroVietnam Drilling and Wells Service (PVD), PetroVietnam Technical Services (PVS) has experienced decreases.

Overall market condition was negative on Friday with 126 stocks declining, 60 advancing and 60 remaining unchanged.

Local insiders said local investors are cautious in making new disbursement and put priorities on recalling their money, instead of waiting for desirable prices.

Rapid profit-taking pressure showed that investors are not really confident of the recovery of the Hanoi Stock Exchange.

This will lead to continuous fluctuations of the HNX-Index in the coming sessions. However, analysts asked investors not to worry too much as a season of releasing business, trading results of listed companies in the third quarter is nearing. Enditem