Derivatives market more attractive to investors
The derivatives market proved its attractiveness when the value of transactions in the second quarter doubled the amount recorded in the previous quarter to over 417.7 trillion VND (18.4 billion USD), according to the Hanoi Stock Exchange (HNX).
Derivatives market more attractive to investors (Illustrative image. Source: VNA)Hanoi (VNA) – The derivatives market proved its attractiveness when the value of transactions in the second quarter doubled the amount recorded in the previous quarter to over 417.7 trillion VND (18.4 billion USD), according to the Hanoi Stock Exchange (HNX).
The trading volume during the April-June period stood at nearly 4.2 million contracts, increasing the total traded contracts in the first six months to nearly 5.54 million.
An average of 45,767 contracts were reached in each session over the six months ending in June, quadrupling the figure seen over the same period last year.
Liquidity remained strong on the market in May and June, with an average of 74,567 and 94,568 contracts traded in each session, respectively.
Total Open Interests (OI) remained stable in in the six month period and reached 11,812 contracts on June 29, a year-on-year hike of 46.24 percent.
The increasing interest from investors in the derivatives market was proved by the growth of new trading account numbers in June, which doubled the amount seen at the end of 2017, to 35,275 accounts.
The derivatives market has been touted as a magnet for foreign investors when there was a strong surge in their transactions, especially in May and June. In June alone, foreign transactions accounted for one third of the six-month period’s total transactions.
Foreign transactions on the market totalled 13,567 contracts, or 0.12 percent of the market’s number. Overseas institutions started transactions in April, trading 2,209 contracts over the past three months.
The HNX said the derivatives market has been an effective risk-management instrument, helping stabilise the investors’ sentiment and anticipate market trends. -VNA
You should also see
Hmong ethnic people preserving traditional blacksmithing
Long Hay, in Muong Phang, Dien Bien Phu city, Dien Bien province, is a village inhabited by Hmong ethnic people. Some local families have continued the traditional craft of forging agricultural tools.
See more
Business
Petrol prices decrease slightly on April 25
The retail prices of petrol were adjusted down from 3pm on April 25 by the Ministry of Industry and Trade and the Ministry of Finance.
Business
Vietnamese canned sugarcane juice favoured in US
The first cases of Vietnamese canned sugarcane juice have hit supermarket shelves in Miami, the US state of Florida.
Business
Labels on foods exported to Singapore must be accurate: Trade counselor
Counsellor Cao Xuan Thang, head of the Vietnam Trade Office in Singapore, has advised Vietnamese exporters to pay attention to labeling pre-packaged food products to ensure their credibility and image of businesses when exporting to the Singaporean market.
Business
April 25 gold bullion auction cancelled
The State Bank of Vietnam (SBV) has announced that it canceled the gold bullion auction scheduled for April 25 morning as only one business submitted its bidding form.
Business
High airfares create chance for short-distance trips for Reunification Day holiday
Due to a hike of air ticket prices for domestic flights, Vietnamese tourists are turning to short-distance trips for the upcoming National Reunification Day (April 30) and May Day (May 1) holidays.
