Reuters: Financial Services and Real Estate: Hanoi stock index down at midday, correction expected

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Hanoi stock index down at midday, correction expected Mar 30th 2012, 04:59 Tweet Share this Email Print Fri Mar 30, 2012 12:59am EDT HANOI, March 30 (Reuters) - The HNX Index on Vietnam's Hanoi Stock Exchange was down 1.38 percent at 72.19 points by 0430 GMT on Friday. Volume of shares traded: 46.94 million shares. Value of shares traded: 425.75 billion dong. Largest gainers, double-click Largest decliners, double-click Broker/trader comments Nguyen Tuan, investment director, FLC Securities: "Trading volume dropped sharply recently, signaling that major cash flows have been withdrawn." "Pressure from margin calls during the recent rally did not weigh heavily." "Stocks may fall back to a strong support level at 69 points before turning around." Nguyen Hoai Nam, analyst, Kim Eng Securities: "Cash inflows became much weaker. Stocks have started on a downward trend and may pull back to 69 points in the near future." ($1=20,820 dong) (Reporting by Vu Duy; editing by Chris Lewis) Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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