Illustrative photo (Photo: VNA) HCM City (VNA) – Vietnam’s stock market iswitnessing the fastest and strongest recovery since the beginning of this year, as the VN-Index has surpassed the threshold of 1,200 points.
Most stocks have risen significantly compared to the end of2022, and the list of enterprises with a capitalisation over 10 billion USD expanded.
At the end of the last trading session of July, theVN-Index reached 1,222.9 points, an increase of 9.17% compared to a month earlier and 21.43% compared to the end of 2022.
VNAllshare reached1,206.52 points, up 10.07% from June 2023 and 24.30% from theend of 2022; VN30 reached 1,230.81 points, up 9.59% compared to June 2023 and 22.45% to the end of 2022.
In July, industry indexes recorded growth; some industriesgained the highest points in the month, including consumer goods (VNCOND) withan increase of 16.28%; information and technology (VNIT) 14.91%; and real estate(VNREAL) 14.45% compared to June.
The stock market liquidity in July recorded an average tradingvolume of over 875.52 million shares and an average trading value of 18.269 trillionVND (770 million USD), down 0.23% in average volume and up 8.17% in averagevalue compared to June 2023.
As of July 31, there were 545 listed securities codes on Ho ChiMinh City Stock Exchange (HOSE) including 393 stocks, the closed-end fundcertificates, 13 ETF certificates, and 136 covered warrants. The total volumeof listed shares reached over 143.36 billion. The market capitalisation topped 4,870 trillion VND, up 9.11% from the previous month,accounting for more than 94.24% of the total market capitalisation andequivalent to 51.23% of GDP in 2022 (GDP at current prices).
Notably, by the end of July 2023, on HOSE, there were 43enterprises with a market capitalisation of more than 1 billion USD.Particularly, three have capitalisation of over 10 billion USD, namely the Vietnam Joint Stock Commercial Bank for Foreign Trade (VCB), the Vinhomes JointStock Company (VHM), and the Joint Stock Commercial Bank for Investment andDevelopment of Vietnam (BID).
Meanwhile, at the end of 2022, only 37 stocks listed on HOSE hada market capitalisation of more than 1 billion USD and only the VCB got acapitalisation of over 10 billion USD.
Particularly, BID has had a remarkable recovery as of the end of2022. Earlier, it only ranked 5th in the list of enterprises with thelargest market capitaliation on HOSE, behind VCB, VIC, VHM, and GAS.
By the end of 7/2023, BID ranked 3rd, only after VCB and VHM.Currently, BID shares are traded around 49,000 VND per share, with a marketcapitalisation of about 247.36 trillion VND. This is also the highest marketprice of this stock within the past year./.
