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Hanoi stock market forecast to rally on last trading ahead of long holiday

English.news.cn   2014-01-26 07:07:11

HANOI, Jan. 25 (Xinhua) -- Hanoi's stock market is forecast to rally to 74-75 points on the last trading day next Monday before the long holiday during the lunar New Year festival.

During the previous week, the Hanoi stock exchange HNX prolonged the upward trend, gaining 0.87 point or 1.19 percent.

Stock market index of Vietnam's capital Hanoi, HNX-Index, closed at 73.66 points on Friday, up 0.21 points, or 0.29 percent, against the previous trading day's closing session.

A total of 34.76 million shares worth 336.6 billion Vietnamese dong (15.95 million U.S. dollars) were traded at the Hanoi Stock Exchange on Friday, an increase of 10.56 percent in volume and 23. 83 percent in value against Thursday.

Prices of 132 stocks went up, 74 stocks fell down, while 62 stocks remained unchanged.

During the week, the index experienced three ups and two downs, posting the highest level of 73.66 points on Friday, and the lowest level of 72.5 points on Monday.

Last week, HNX-Index ranged from 71.05 points to 73.07 points.

HNXFF-Index, the new benchmark to replace the HNX-Index one year later, from December 2014, closed at 72.87 points, up 0.17 points or 0.23 percent on Friday.

Analysts said the HNX-Index is keeping its raising momentum with improving liquidity. Foreign investors remained net buyers during the week, worth 167 billion Vietnamese dong (7.9 million U. S. dollars), focusing on blue chips.

They said that the market is expected to remain positive in medium term, adding that investors can hold share in long term.

The market is scheduled to reopen on Feb. 6 after the lunar New Year festival.

Editor: Mengjie
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