Vietnam's northern bourse advances for 6th week

September 25, 2020

The HNX-Index, the benchmark of Vietnam's northern Hanoi Stock Exchange, went up for the sixth consecutive week to close at 126.21 points on Friday.

The index started the week at the negative note on Monday then continued to go down on Tuesday. It fluctuated in the last three trading sessions of the week.

Notably, the HNX-Index saw the biggest loss of the week of 0.72 point, or 0.57 percent, on Monday. Its main draggers on the first trading session of the week were lender ACB (down 1.4 percent), insurance company PVI (down 2.2 percent) and lender SHB (down 1.4 percent).

Meanwhile it witnessed the largest gain of this week of 1.13 points, or 0.9 percent, against the previous session on Wednesday with the biggest gainers being lenders ACB and NVB.

Compared to last week, total trading volume increased 13.4 percent to over 257.8 million shares and trading value rose 6.9 percent to over 3 trillion Vietnamese dong (132.5 million U.S. dollars) given that Vietnam's stock exchanges halted last Wednesday for the National Day holiday.

Foreign investors became net buyers of over 22 billion Vietnamese dong (957,400 U.S. dollars) compared to a net selling of more than 39.1 billion Vietnamese dong (1.7 million U.S. dollars) last week.

The index closed at 126.21 points on Friday, up 0.39 point, or 0.31 percent, from the previous trading session.

Compared to last week's closure, the index gained 0.06 point or 0.05 percent.

During the week, the index witnessed two ups and three downs, posting the highest level of 126.21 points on Friday, and the lowest level of 124.80 points on Tuesday.

More than 49.8 million shares worth approximately 515.4 billion Vietnamese dong (22.4 million U.S. dollars) were traded at the Hanoi Stock Exchange on Friday, up 4.7 percent in volume and down 5.5 percent in value against the previous trading session.