Attracting foreign capital According to statistics compiled by the KIS Vietnam Securities Corporation (KIS), the last week of January 2020 saw strong capital outflows from Southeast Asia with about US$102 million, the highest in the last eight months. Specifically, capital flows were strongly withdrawn from Thailand and Malaysia with US$51 million and US$35 million, respectively. The Philippines and Singapore were also affected by capital outflows. Contrary to the capital withdrawal trend in regional markets, the Vietnamese stock market continued to attract foreign capital. In the first week of February 2020, it attracted about US$4.1 million, mainly from VFMVN30 ETF with US$3.4 million and VanEck Vietnam ETF. In particular, from January 20 to 31, foreign investors’ net buying activities recorded a net buying value of VND491 billion. Stocks in the fields such as consumer goods, raw materials and finance-banking were the top three purchased. According to the State Securities Commission of Vietnam (SSC), the outbreak of Covid-19 has resulted in a decline in the February trading sessions. Nonetheless, Vietnam’s improved policies and business environment and its macroeconomic stability, as well as the intrinsic strength of the domestic stock market, have engaged the interest of foreign investors. Upbeat outlook The Vietnamese stock… Read full this story
- Ulster's stock rises with healthy share of All-Star nominees
- Just How Bad Are the Automakers Taking a Beating in the Stock Market?
- Swedish Pride: Is Volvo About to Return to the Stock Market?
- China car sales drop as stock market plunges
- McLaren Automotive boss considers floating company on stock market
- Fallout76: The BETA and misleading PR marketing issues
- Tesla Just Can’t Catch a Stock Market Break
- World Series stock market recap: Who rose, fell or broke even?
- Ferrari to be split from Fiat and listed on the stock market
- US forecasts bright outlook for trade with Việt Nam
Vietnam’s stock market issues healthy outlook have 315 words, post on ven.vn at February 27, 2020. This is cached page on Talk Vietnam. If you want remove this page, please contact us.