Illustrative image (Photo: VNA) Hanoi (VNA) - The Hanoi Stock Exchange (HNX) has announcedthat after six years of operation, the derivative stock market has shown positiveand stable growth, with active trading and an increasing number of investors.
Accordingly, the VN30 index futures contract, the first derivatives product traded on the market, has experienced strong growth, averaging an annual increase of 38.65% during the 2018-2022period. The year 2020 marked the highest growth with 79.9% compared to 2019,and there was an annual 43.8% expansion last year.
In the first seven months of this year, theaverage trading volume reached 225,178 contracts per session, down 17.41%year-on-year. However, this still ranked as the second-highest average tradingvolume in a year, only following the record high in 2022.
Over the course of six years, the averagegrowth of VN30 index futures contract transactions has reached 27.46%.
The HNX believed that the derivative stock market has gradually become a risk management tool for investors, given that whenthe underlying market experiences significant volatility, the trading volume inthe derivative stock market increases, whether the volatility is in an upwardor downward direction.
The derivative stock market also serves as aprofitable investment channel for investors. With the ability to trade in bothdirections and the possibility of continuous buying and selling within asession, investors can generate profits even when the underlying marketexperiences sharp declines.
As of July 31, 2023, there were 1,341,152derivative trading accounts, which was 546 times higher than that in theinitial launch of the market.
In July, foreign investors' transactionsaccounted for 3.47% of the total trading volume across the entire market,compared to 0.1% in late 2017.
Last year, the trading volume of foreigninstitutional investors reached nearly 2.1 million contracts, which wasapproximately five times higher than that by foreign individuals.
From the initial seven member securitiescompanies when the market was first launched, there are now 24 ones. Each ofthem has a minimum charter capital and owner's equity of at least 900 billionVND (39.1 billion USD)./.
