The sell-off by margin traders that has sent the HCM Stock Exchange plummeting in recent weeks eased last week, carrying the VN-Index to a close on Dec. 18 of 443.34 points, a net loss on the week of just 0.82 percent.

Average daily volume also grew by 5.7 percent over the previous week to just over 37 million shares, worth a daily average of 1.32 trillion VND (71.1 million USD).

On the Hanoi Stock Exchange, the HNX-Index managed a net gain of 2.34 percent on the week, ending Dec. 18’s session at 143.26 points. But the average daily value actually fell by over 15 percent from the previous week to just 428 billion VND (23.1 million USD) on an average daily volume of 16.27 million shares.

“Last week didn’t see anymore share-dumping, suggesting that investor sentiment is stabilising,” said FPT Securities Co analyst Nguyen Quang Vinh.

Many stocks had fallen below their book values, persuading some investors to return to buying, Vinh added. “Share prices have reached a profitable level after a bear period,” he said, predicting that the VN-Index in the coming week would range between 430 and 460.

Foreign investors last week were net sellers on both stock exchanges, selling off 3.24 million shares for a net value of 31.7 billion VND (1.7 million USD), according to data from Vincom Securities Co, ./.