Analysts from securities companies are optimistic about stock market movement during the first trading week of this year and betting the positive trend will continue.
Vietnam’s stock market has posted record highs as the Government’s stimulus measures and good control of the coronavirus outbreak are turbo-charging the country’s economic recovery from the pandemic, according to insiders.
Prime Minister Nguyen Xuan Phuc has signed Decision 37/2020/QD-TTg on the establishment of the Vietnam Stock Exchange (VNX), with the aim of unifying the stock market and ensuring efficient, fair, open and transparent activities.
The Vietnamese stock market has flourished amid global uncertainties due to the COVID-19 pandemic, said Tran Van Dung, Chairman of the State Securities Commission (SSC).
The 33rd ASEAN Capital Markets Forum (ACMF) Chairs’ Meeting was held via video conference on December 9 as the final event among the activities within the scope of the ACMF in 2020 held under the chair and coordination of Vietnam’s State Securities Commission (SSC).
VinaCapital Vietnam Opportunity Fund (VOF), the flagship fund of VinaCapital, announced that Asia Commercial Bank (ACB) had become its 5th largest investment.
Sovico Aviation Holdings Company (Sovico Aviation) has registered to buy 33 million shares of Vietjet Aviation Joint Stock Company (HoSE: VJC). The deal is being carried out between November 12 and December 11, 2020 via put-through and/or order-matching transactions.
Vietnam’s stock market has recovered quickly and strongly since the COVID-19 outbreak was brought under control and losses incurred earlier in the year have been reclaimed, a discussion in Hanoi on October 21 heard.
Strong individual purchasing power has been the key to the strong rebound of the Vietnamese stock market this year after it was hit twice by the COVID-19 outbreaks.
SSI Securities Corporation topped the list of 10 largest securities companies in the third quarter of this year recently announced by the Ho Chi Minh Stock Exchange, with a 11.8 percent market share.
Investment funds have seen their net asset value (NAV) increase strongly during the third quarter of this year thanks to positive movements of the market.
The domestic exchange-traded fund VFMVN Diamond (HoSE: FUEVFVNĐ) on September 8 issued an additional 300,000 certificates to raise the total amount of certificates to 148.3 million.