Vietnam's Hanoi bourse soars on investors' upbeat sentiment

Source: Xinhua| 2018-01-26 20:23:00|Editor: Yurou
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HANOI, Jan. 26 (Xinhua) -- The HNX-Index, the benchmark of the Hanoi Stock Exchange, posted tough gains this week.

The index soared in most trading days of the week and sat at the 126-point site, mainly because of investors' strong confidence in expectations for good earnings reports of listed firms.

The bourse's rally also came from cash flows shifting from southern bourse during its two-day shutdown due to a technical crash, said local stock analysts.

Large-cap stocks from banks and oil and gas companies such as ACB, SHB, PGS, and PVS increased sharply.

Foreign investment was a positive factor for the bourse's rise this week. They increased buying during trading sessions, focusing on stocks in the fields of finance and energy, including SHB, PVS, VGC and PGS.

The index closed at 126.82 points on Friday, up 0.2 points or 0.16 percent against the previous trading session.

Comparing to last Friday's closure, the index increased 4.52 points, or 3.7 percent.

During the week, the index went four ups and one down, reaching the highest level of 126.82 points on Friday and the lowest level of 123.88 points on Monday.

Comparing to the previous trading week, the benchmark ranged between 120.42 points and 122.3 points.

Over 71.657 million shares worth some 1.165 trillion Vietnamese dong (some 52 million U.S. dollars) were traded at the Hanoi Stock Exchange on Friday, a decrease of 22.1 percent in volume and 32 percent in value against the previous trading session.

More than 377.943 million shares worth over 7.005 trillion Vietnamese dong (around 285.3 million U.S. dollars) were traded on the bourse this week.

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