HANOI: Stock index of Vietnam’s capital Hanoi experienced falling during this week after two consecutive weeks of upward trend. Trading liquidity on the market is also on a decreasing trend.
On Friday, the HNX-Index, the benchmark of the Hanoi Stock Exchange, closed at 86.63 points, down 0.06 points or 0.07 percent against the previous trading session.
A total of nearly 47.205 million shares worth over 645.866 billion Vietnamese dong (some 28.96 million U.S. dollars) were traded at the Hanoi Stock Exchange on Friday, a decrease of 28.23 percent in volume and 24.28 percent in value against the previous trading session. Compared to last Friday’s close, the HNX-Index this week fell by 0.94 points or 1.07 percent on Friday.
During the week, the HNX-Index experienced three downs and two ups, posting the lowest level of 86.02 points on Monday and highest level of 87.38 points on Wednesday.
In comparison, in the previous trading week, the benchmark ranged between 85.81 points and 88.16 points. During this week, a total of nearly 331.858 million shares worth some 4.258 trillion Vietnamese dong around 190.976 million U.S. dollars) were traded on the Hanoi bourse.
As of Friday, the benchmark climbed 6.67 points, or 8.34 percent compared with the last trading session in 2015.
From Monday to Friday, foreign investors turned to be net-buyers. During this week, foreign investors bought nearly 11.480 million shares and sold over 8.333 million shares.
In the previous week, the purchase volume of foreign investors was over 8.432 million shares in buying and over 14.475 million shares in selling.
The decrease in trading liquidity shows that there will be further adjustment on the market, according to analysts. The index’s resistance level of 85.5-86 points is being challenged. Statistics show that there are signs of a selling trend on the market.
