Stock market

FPT Corporation's headquarter in Cau Giay District, Ha Noi City. The company shares went against the market's trend, up 4.3 per cent in market capitalisation last week. — Photo hcmfpt.vn Viet Nam’s stock market struggled to find direction last week as liquidity fell continuously and foreign investors net sold a value of more than VND2.22 trillion (US$96.6 million), causing analysts from securities firms to have cautious views of the market this week. On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index inched down in the last trading session to 1,268.83 points, while the HNX-Index on the Ha Noi Stock Exchange (HNX) plunged to 301.77 points. For the week, the VN-Index lost 2.34 per cent and the HNX-Index plummeted 1.95 per cent. Both benchmarks had declined more than 4 per cent since the close of trade Monday. The liquidity on both exchanges declined compared to the previous week. It was lower than the recent 20-week average, with a value of VND20.5 trillion …

[Read more...] about Securities firms cautious on directionless stock market

The Minister of Finance (MoF) plans to rearrange the securities trading market in a newly-promulgated Circular as a move towards the merging of the two national stock exchanges into one named the Vietnam Stock Exchange (VNX). The headquarters of the Ho Chi Minh City Stock Exchange (HoSE) in HCM City. Photo hsx.vn MoF has promulgated Circular No 57/2021 stipulating the roadmap to rearrange the stock market, the bond market and the derivatives market. This Circular takes effect from July 20 this year. Under the Circular, by the end of June 30, 2025, the Ho Chi Minh City Stock Exchange (HoSE) shall unify the organisation of a trading market for listed shares, fund certificates and warrants. From July 1, 2023 until December 31, 2023, HoSE will receive shares of listed companies from the Hanoi Stock Exchange (HNX). Meanwhile, from January 1, 2025 to the end of June 30, 2025, HoSE will receive shares of enterprises from the Unlisted Public Company Market (UPCoM). For …

[Read more...] about Finance ministry announces roadmap to reorganise stock market

The State Securities Commission of Vietnam holds a meeting reviewing its performance in the first six months and launching tasks for the rest of the year on July 9 (Photo: VietnamPlus) Hanoi (VNA) - Securities indexes have continually set new records, helping the stock market enjoy the second fastest growth rate in the world. The remark was made by Vice Chairman of the State Securities Commission of Vietnam (SSC) Pham Hong Son at a meeting that reviewed the SSC’s performance in the first six months and launched tasks for the rest of the year on July 9. Securities companies record profit growth of 92 percent Son said as the COVID-19 pandemic has continued taking its toll on every socio-economic aspect in the world, including Vietnam, the stock market experienced strong fluctuations and numerous difficulties and challenges during the first half of 2021. Despite that fact, the SSC still managed to basically fulfil the set targets, he noted. The commission helped …

[Read more...] about Stock market of Vietnam posts world’s second fastest growth

The stock market fell in 10 consecutive sessions (July 5-15), raising fears and doubts about its stability and prospects. Vietnam’s stock market fell too fast, continuously losing the 1,400 and then 1,300 point levels to the surprise of many investors. To gain 100 points, the market needed many weeks and months and even a decade to be able to regain the threshold of 1,200 points, but it lost the threshold of 1,400 and 1,300 points very fast. Lower expectations, cautiously keeping money Despite the new wave of Covid-19 outbreak that is sweeping countries in the region, including Vietnam, statistics in the first half of the year were still positive. V. Ha …

[Read more...] about VN stock market in 10 hard days: moment of concern and doubts

It remains unclear whether the rise of the stock market benefits enterprises and supports growth. At a time when the Covid-19 pandemic continues causing multiple setbacks in the economy, the rapid rise of the local stock market is raising questions over its sustainability and impacts on long-term economic growth. Investor at a securities company in Hanoi. Photo: Viet Linh “For the past six months, the benchmark Vn-Index had outperformed its regional peers with an expansion rate of 28%, higher than the global average which is around 10-14%. This, however,  stems from the fact the country’s economic growth forecast remains lower than others, including China or India,” economist Can Van Luc gave his assessment in a recent economic conference. Despite the Covid-19 pandemic, State budget revenue during the January-June period stayed positive, reaching 58% of the yearly estimate, which Luc said is mainly thanks to securities and real estate transactions. “This …

[Read more...] about Overheated stock market poses risks for Vietnam long-term growth: Experts

Domestic investors opened nearly 621,000 new securities accounts in the first six months of this year. (Photo: SGGP) Liquidity exceeds US$1 billion per trading session In the first six months of this year, the VN-Index sometimes jumped by nearly 28 percent compared to the beginning of the year - the second-strongest increase in the world. Although the minus point of the Vietnamese stock market is that foreign investors net sold up to VND30.4 trillion in the first six months of this year, new domestic investors (F0 investors) bolstered up all the strong net selling pressure of foreign investors, helping the stock market to improve in the first two quarters of this year. Data from the Vietnam Securities Depository (VSD) shows that domestic investors opened nearly 621,000 new securities accounts in the first six months of this year, much higher than the total number of new accounts opened in 2020 and 2019. Market liquidity continuously set new records with the trading value of …

[Read more...] about Stock market still attractive to investors

Imperative to attract foreign interest in stock market - illustration photo Currently, the Stock Exchange of Thailand is targeting to become the most appealing bourse in the Southeast Asian region, attracting around 30-50 initial public offerings annually. The Thai bourse aims to raise roughly $7.8 billion per year. Meanwhile, despite the positive economic growth and relatively similar characteristics, Vietnam has still missed out on a Morgan Stanley Capital International (MSCI) emerging market status upgrade. Our status is still classified as a frontier market, despite the local government’s efforts and ambition to raise the bar for years. The new Law on Securities was made effective in January, with high expectations on the central counterparty clearing system (CCP), intraday trading, short sales, and non-voting depository receipts (NVDRs). Notwithstanding, by now, none of them has any concrete timeline for actual implementation. So, we can say as frankly as MSCI that “in …

[Read more...] about Imperative to attract foreign interest in stock market

The headquarters of the Ho Chi Minh Stock Exchange (HoSE) in HCM City. (Photo: hsx.vn) Hanoi (VNS/VNA) - The Ministry of Finance (MoF) plans to rearrange the securities trading market in a newly-promulgated Circular as a move towards the merging of the two national stock exchanges into one named the Vietnam Stock Exchange (VNX). The ministry has promulgated Circular No 57/2021 stipulating the roadmap to rearrange the stock market, the bond market and the derivatives market. This Circular takes effect from July 20 this year. Under the Circular, by the end of June 30, 2025, the Ho Chi Minh City Stock Exchange (HoSE) shall unify the organisation of a trading market for listed shares, fund certificates and warrants. From July 1, 2023 until December 31, 2023, HoSE will receive shares of listed companies from the Hanoi Stock Exchange (HNX). Meanwhile, from January 1, 2025 to the end of June 30, 2025, HoSE will receive shares of enterprises from the Unlisted Public Company Market …

[Read more...] about Finance ministry announces roadmap to reorganise stock market

The webinar by VIR will feature some of the leading experts on the stock market today It has been 21 years since the first trading day of the Vietnamese stock market on July 28, 2000. Since then, another important channel for mobilising capital has gradually developed in Vietnam to create the three pillars of the financial market – stocks, bonds, and currency. To celebrate the anniversary of the first trading day, every July, Dau tu chung khoan ( VIR's sister publication and Vietnam's first securities newspaper) publishes a special publication and organises activities to celebrate this special day. This July, after a long rally, the stock market is suffering the impacts of the fourth outbreak of COVID-19 in Vietnam. Since the beginning of the month, the market has witnessed a drop in trading volume. However, all domestic and international analyses expect the fluctuations in July to be only short-term as the market boasts tremendous opportunities for development in the long …

[Read more...] about VIR to hold webinar on stock market opportunities in H2/2021

VIR's webinar pinpoints opportunities in the stock markets for H2 2021 Addressing the webinar, Le Trong Minh, VIR's editor-in-chief said, "On this day 21 years ago, the Vietnamese stock market opened its first trading session. Since then it has faced down many challenges, one of the most remarkable of which was the COVID-19 outbreak since the beginning of 2020. However, the Vietnamese stock market has developed at a remarkable pace to keep up with businesses and the economy, attracting investors by the droves." "Today's webinar will look to highlight opportunities on the stock market in the second half of 2021 that will stem from economic and business activities. Top-notch experts will share their analysis and insights to support investors in capitalising on these opportunities," he added. According to Pham Hong Son, vice chairman of the State Securities Commission, the government is making efforts to fight the pandemic by rolling out a mass vaccination campaign. Hopefully, …

[Read more...] about VIR webinar pinpoints stock market opportunities in H2/2021