HANOI, Aug. 5 (Xinhua) -- Vietnam's capital Hanoi stock market extended downward trend during the week with low liquidity. The HNX-Index, the benchmark of the Hanoi Stock Exchange has posted four consecutive weeks with falling trend.
On Friday, the HNX-Index, the benchmark of the Hanoi Stock Exchange, closed at 81.07 points, down 0.08 points or 0.1 percent against the previous trading session.
A total of over 41.954 million shares worth some 446.974 billion Vietnamese dong (some 20.04 million U.S. dollars) were traded at the Hanoi Stock Exchange on Friday, an increase of 1.47 percent in volume and 6.76 percent in value against the previous trading session.
Compared to last Friday's close, the HNX-Index this week fell by 2.64 points or 3.15 percent on Friday.
During the week, the HNX-Index experienced five straight downs, falling from 83.21 points on Monday to 81.07 points on Friday.
In comparison, in the previous trading week, the benchmark ranged between 83.52 points and 84 points.
During this week, a total of over 201.495 million shares worth over 2.222 trillion Vietnamese dong (around 99.64 million U.S. dollars) were traded on the Hanoi bourse.
As of Friday, the benchmark climbed by 1.11 points, or 1.4 percent compared with the last trading session in 2015.
During the week, foreign investors were net-buyers as their buying overwhelmed selling. From Monday to Friday, they bought over 11.521 million shares while sold over 2.307 million shares.
According to analysts, as there are still risks on the market, the index is forecast to fall further. Statistics show that there is no sign for a new adjustment.
The level of 80.5 points is likely to serve as supportive level if the index continues the decreasing trend. If the index can survive the level, it is expected to reverse the downward, said analysts.
The decreasing trend in trading value in the past weeks showed that investors' sentiment remained pessimistic. In the previous weeks, trading value stood at over 100 million U.S. dollars, and once reached nearly 191 million U.S. dollars. Meanwhile, trading value fell to only 99.64 million U.S. dollars.
