Vietnamese stock market experienced both positive and negative market information during the week amid high trading liquidity.

Earlier this week, the market reacted positively to a two-day meeting between Vietnamese Prime Minister Nguyen Tan Dung and leaders from capital Hanoi and southern Ho Chi Minh City to find solutions for troubles in the real estate market and address bad debts. During the meeting, Nguyen Tan Dung agreed it was time to reduce interest rates.

Thanks to the good news, the VN-Index on the Ho Chi Minh City Stock Exchange (HoSE) approached closely to the 400 points mark, however, it reversed on Friday due to the information announced on Friday about electric price hike by 5 percent since Dec. 22.

Market insiders held that the information of price hike released at the end of the year possibly shocked the investors.

This week also saw a strong increase in trading liquidity. According to analysts, December is the time when investment funds book net asset values (NAVs) and blue chip trading tends to strengthen towards the end of the month, which means the market should look forward to more positive transaction.

In the first ten days of December, two Exchange traded funds ( ETFs), whose portfolios concentrate on the Vietnamese stocks, received nearly eight million U.S. dollars from foreign investors to invest in the stock market. This is a good sign which will cement investor confidence in a prolonged uptrend.

The VN-Index on the Ho Chi Minh City Stock Exchange (HoSE) went down 2.9 points, or 0.73 percent to close at 396.78 points on Friday.

During the week, VN-Index gained 4.57 point or 1.16 percent against last Friday's close. It experienced two downs and three ups, posting the highest level of 399.68 points on Thursday and the lowest level of 393.39 points on Tuesday.

Last week VN-Index ranged from 386.69 points to 392.21 points.

A total of 76.824 million shares worth 1.335 trillion VND (64. 07 million U.S. dollars) changed hands at the HoSE on Friday, a decrease of 7.88 percent in volume and an increase of 17.82 percent in value against Thursday.

VN-30 index, the new benchmark index for the HoSE which has been applied since Feb. 6, 2012 and tracks the 30 leading shares by both market capitalization and liquidity, closed at 465.24 points on Friday, down 3.08 points, or 0.66 percent against the previous trading day. A total of 46.983 million shares worth 1.032 trillion VND (16.82 million U.S. dollars) were traded.

On the country's northern bourse, Hanoi Stock Exchange, the HNX- Index concluded at 54.05 points, down 0.27 point, or 0.5 percent on Friday against the previous trading day's closing session.

Compared to the first trading day of the year, when VN-Index was at 350 points and HNX-Index at 56.79 points, the HoSE gained 46.78 points while the Hanoi bourse lost 2.74 points. Endi

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