Shares on Vietnam's stock market continued the sluggish trend during the week with poor liquidity.

The upcoming five-day holiday from the coming Saturday is also a factor contributing to the fluctuation of the market as investors are trying to take profit.

Declining liquidity remained to be a major concern as it seriously affected the overall market sentiment, said analysts.

Investor confidence was eroded as the market lacked news to boost confidence, they said, adding that investors had sold off shares amid fears of further slumps.

The VN-Index of the south Vietnam's Ho Chi Minh City Stock Exchange (HoSE) went down 2.08 points or 0.44 percent to close at 474.51 points on Friday.

During the week, VN-Index gained 1.3 point or 0.27 percent against last week's closing session. The index experienced two ups and three downs, posting the highest level of 476.59 points on Thursday and the lowest level of 468.43 points on Monday. Last week VN-Index ranged from 473.21 points to 483.99 points.

A total of 31.271 million shares worth 484.359 billion VND (23. 23 million U.S. dollars) changed hands at the HoSE on Friday, a decrease of 18.66 percent in volume and 16.45 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 537.37 points on Friday, up 0.14 points, or 0.03 percent against the previous trading day. A total of 8.607 million shares were traded, worth 256.4 billion VND (12.29 million U.S. dollars).

On the country's northern bourse, Hanoi Stock Exchange, the HNX-Index concluded at 58.36 points, down 0.33 points, or 0.56 percent on Friday against the previous trading day's closing session. Endi

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