Arab Today, arab today vietnam\s hanoi stock market falls on overwhelming negative information
Last Updated : GMT 00:47:20
Arab Today, arab today
Arab Today, arab today

Vietnam\'s Hanoi stock market falls on overwhelming negative information

Arab Today, arab today

Arab Today, arab today Vietnam\'s Hanoi stock market falls on overwhelming negative information

Hanoi - XINHUA

The stock market in Vietnam's capital Hanoi plunged sharply Friday during the week due to lack of positive supporting information and full of negative news. The bourse ended the week as losing 5.69 points, or 7.12 percent compared with the previous week's close. Stock market index of Vietnam's capital Hanoi, HNX-Index, closed at 74.19 points on Friday, up 2.54 points, or 3.54 percent, against Thursday. A total of 65.04 million shares worth 568.42 billion Vietnamese dong (26.93 million U.S. dollars) were traded at the Hanoi Stock Exchange on Friday, a decrease of 39.16 percent in volume and 43. 83 percent in value against Thursday. Prices of 182 stocks went up, 54 stocks fell down, while 36 stocks remained unchanged. During the week, the index experienced two ups and three downs, posting the highest level of 77.36 points on Monday and the lowest level of 71.66 points on Thursday. Last week, the HNX-Index fluctuated with a range between 79.65 points and 79.88 points. HNXFF-Index, the new benchmark to replace the HNX-Index from December 2014, closed at 74.82 points, up 2.44 points or 3.37 percent on Friday. As of Friday, the HNX-Index increased 6.35 points, or 9.36 percent over the last trading session on December 31, 2013. On Thursday, HNX-Index posted a sharp decrease over the previous trading session of 4.9 points or 6.4 percent to hit 71.66 points. Local insiders said this was one of the most panic sessions of Vietnam's capital Hanoi stock market. Despite efforts to calm investors down made by State Securities Commission of Vietnam as well as by local analysts, selling stocks in large-scale in HNX-Index on Thursday led to an "evaporation" of over 7.32 trillion Vietnamese dong (347.29 million U.S. dollars). Local analysts said investors of the Hanoi bourse are sensitive to negative news, showing their worries and concerns over economic cases that are on trial. Nguyen Hoang Hai, vice chairman of Vietnam Association of Financial Investors said on Friday that the plunge of the market index on Thursday's session presented the fact that trivial investors, estimated at 80 to 90 percent of the total investors, are vulnerable to bad news and tend to sell out their stocks while organized investors will be more patient to analyze carefully before any moves. Echoing Hai, Nguyen Hong Nam, deputy director general of Saigon Securities Incorporation said the sharp decrease of the market provides a chance for more patient investors to buy stocks at cheap prices. Reality showed that foreign investors bought much during the session, said Nam.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today vietnam\s hanoi stock market falls on overwhelming negative information Arab Today, arab today vietnam\s hanoi stock market falls on overwhelming negative information

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:38 2017 Friday ,24 March

Pass health bill Friday or he'll move on

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday