Hanoi stock market stops sharp decreasing trend, yet to regain

Stock market in Vietnam's capital Hanoi stopped its sharp decreasing trend on Friday but the bourse hasn't been able to regain during the week with a decrease of 6.91 points or 7.89 percent over the previous week. Stock market index of Vietnam's capital Hanoi, HNX-Index, closed at 80.58 points on Friday, down 3.02 points, or 3.62 percent, against Thursday. A total of 66.99 million shares worth 680.93 billion Vietnamese dong (32.27 million U.S. dollars) were traded at the Hanoi Stock Exchange on Friday, an increase of 19.58 percent in volume and 11. 09 percent in value against Thursday. Prices of 46 stocks went up, 213 stocks fell down, while 39 stocks remained unchanged. During the week, the index experienced one up and four downs, posting the highest level of 86.79 points on Monday and the lowest level of 80.58 points on Friday. Last week, HNX-Index ranged from 87.32 points to 87.82 points. HNXFF-Index, the new benchmark to replace the HNX-Index from December 2014, closed at 81.68 points, down 3.43 points or 4.03 percent on Friday. As of Friday, the HNX-Index increased 18.77 percent over the last trading session in 2013. According to local analysts, the most noteworthy point of HNX- Index during the week is continuous plunge of its liquidity. Liquidity on Hanoi stock market on Friday went down 28.18 percent against last week's closing session, which hints investors ' cautious feelings, said analysts, adding that short-term growing trend may be reversed. On Thursday, the index hiked 0.99 points or 1.19 percent, against the previous trading session on positive business results of the first quarter. However, the selling of foreign investors as well as profit-taking activities led the market to go down on Friday, local insiders assessed. Currently, there hasn't been any supporting news for the Hanoi bourse. HNX-Index is forecast to continue fluctuating in the coming time, according to insiders.