HANOI, Oct. 7 (Xinhua) -- Vietnam's capital Hanoi stock market extended the upward trend for the third consecutive week during this week.
Compared to last Friday's closure, this week, the HNX-Index, the benchmark of the Hanoi Stock Exchange, increased by 0.29 points or 0.34 percent on Friday.
This is the third week the HNX-Index has been on upward trend in a row.
During the week, the HNX-Index experienced three ups and two downs, starting from 85.06 points on Tuesday to hit 85.97 points on Thursday.
In comparison, in the previous trading week, the benchmark ranged between 83.11 points and 85.07 points.
On Friday, the HNX-Index closed at 85.29 points, down 0.67 points or 0.78 percent against the previous trading session.
A total of over 48.340 million shares worth some 565.072 billion Vietnamese dong (some 25.34 million U.S. dollars) were traded at the Hanoi Stock Exchange on Friday, an increase of 2.61 percent in volume and 5.19 percent in value against the previous trading session.
Prices of 77 stocks went up; 100 stocks fell down, while 81 stocks remained unchanged.
During the week, over 214.492 million shares worth over 2.619 trillion Vietnamese dong (around 117.44 million U.S. dollars) were traded on the Hanoi bourse.
As of Friday, the HNX-Index advanced 5.33 points or 6.67 percent compared to the last trading session on Dec. 31, 2015.
This week, foreign investors remained to be net-buyers. From Monday to Friday, they bought over 5.29 million shares while selling about 4.66 million shares.
In the previous week, the purchase volume of foreign investors was over 4.34 million shares in buying and over 2.99 million shares in selling.
According to analysts, shares declined following a three-day winning sessions as traders increased selling of large-cap stocks to earn short margin profits. The HNX-Index climbed over 1.4 percent in the past three days.
On Friday, only energy stocks maintained their rise after West Texas Intermediate (WTI) oil on Thursday surpassed 50 U.S. dollars per barrel for the first time since June, confirming the strong influence of OPEC's agreement to cut down oil supply on the oil prices, said insiders.
Oil and gas stocks like PetroVietnam Drilling and Wells Service (PVD), Petroleum Equipment Assembly & Metal Structure (PXS) and PetroVietnam Technical Services (PVS) experienced increases on Friday.
In the coming time, the release of business, trading results of listed companies in the third quarter this year will be the most wanted information. In addition, local investors, especially those who are interested in energy stocks, should also pay attention to development of global crude oil prices, analysts suggested.
