HO CHI MINH CITY cheap nike air max 97 , Nov. 21 (Xinhua) -- VN-Index, the main index of Ho Chi Minh City bourse in southern Vietnam, plunged this week due to selling pressure and its 600-point level resistance was broken, rebounding around the 580 points.


Cash continued flowing well into the market and there was no bad news in the market, but investors still keep a cautious psychology when witnessing the selling pressure to continue surging and restrain the rise momentum of the market, according to experts from the FPT Security Company.


In addition, analysts from Bao Viet Securities Company said that the recent information concerning a draft policy on increasingly tightened loans for securities trading has negatively affected investors' psychology.


Meanwhile, speculative stocks recently demonstrated increasing strength, but trading on blue chips was sluggish.


The VN-Index closed at 588.03 points on Friday, down 5.29 points, or 0.89 percent, from the previous trading day's close. On a weekly basis, the index lost 12.33 points, or 2.09 percent.


During the week, the index experienced two ups and three downs, posting the highest level of 600.93 points on Monday, and the lowest level of 588.03 points on Friday. In comparison, it ranged between 600.36 points and 604.23 points the previous week.


About 160.143 million shares worth 2.662 trillion VND (125.29 million U.S. dollars) changed hands on the HCM City Stock Exchange on Friday, an increase of 4.9 percent in volume and 8.52 percent in value as against Thursday.


With minimal supportive information, trading depends on investors' taste. However, analysts from FPT Securities Company advised investors should sell shares when the market rises to reduce risks and assist their short-term trading purposes.


The market has undergone a period of insufficient supportive information. Possibly, reports of the consumer price index in November will be useful supportive information for the market, analysts from MayKim Eng Securities Company said, adding that the resistance of the index from now to the end of November is predicted to be fluctuating around 585-625 points.


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BAGHDAD, July 15 (Xinhua) -- Iraq needs careful and wise plan todeal with division among factions and ensure lasting stability, aspost-Islamic State (IS) stage came after Iraqi Prime MinisterHaider al-Abadi declared historical victory over IS in Mosul,experts said.


Despite the landmark victory, the Iraqi forces still have towage a new offensive to liberate less important IS redoubts.


Abadi formally declared Mosul liberated from IS on Monday afternearly nine months of fierce fighting to dislodge the extremistmilitants from their last major stronghold in Mosul, Iraq's secondlargest city.


However, the military prevail is still not gained insouthwestern Kirkuk, the adjacent sprawling rugged areas in easternSalahudin province, in addition to the remaining IS strongholds inthe border towns with Syria, including Aana, Rawa, and al-Qaim.