Vietnamplus

The Vietnamese derivatives market has picked up over the last three weeks, with total trading volume nearly reaching the total figure recorded in September.

After two years of operation, smaller securities firms in terms of market capitalisation have beaten big players in derivatives brokerage market share.

Thanh Thanh Cong-Bien Hoa JSC (SBT) has announced that the German development finance institution DEG, owned by the German Government, invested 28 million USD to buy convertible preferred dividend stocks at 30,000 VND (1.26 USD) each, 84 percent higher than SBT’s market price on July 25.

More than 75,000 trading accounts were opened on the derivatives market as of the end of June, officials announced on July 25.

The Hanoi Stock Exchange (HNX) began on July 4 the trading of five-year Government bond futures contract, a new product in the derivatives market.

Government bond futures contract, a new product in the derivatives market, will be traded on the Hanoi Stock Exchange on July 4, the State Securities Commission (SSC) has said.

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has announced its audited financial report for 2018 with impressive numbers.

Investors may keep betting on bank stocks this week, securities firms said, but selling pressure may weigh on the market’s overall performance as local stocks are considered as being overbought in recent days.

Vietnamese shares struggled on March 11 as the market declined due to low liquidity.

On the first day of the New Year, the Government issued Resolution No 01/NQ-CP/2019 for the robust development of the securities market, especially the derivatives segment.

HNX30 Index continues to underperform

Vietnam’s benchmark VN Index ended November with a volatile session with more than half of the blue chips closing in negative territory due to investors’ worries about the market’s prospect.

Selling pressure increased at the end of October 10's trading session while purchasing demand was not enough to save indices from falling.

Most investment funds in Vietnam’s equity market have recorded modest gains and were beaten by the growth of the benchmark VN-Index in the past three quarters.

Stocks struggled on August 30 morning, but buying force was overwhelming in the afternoon’s session, helping the market rebound.

Vietnamese shares advanced on August 22 despite investors’ profit-taking as overall market sentiment remained positive about the possibility of resolving China-US trade tensions.

Vietnam’s derivatives market has maintained a monthly growth rate of 35 percent since it was launched one year ago, according to the Hanoi Stock Exchange (HNX).

The Vietnam Securities Depository (VSD) will apply a new minimum initial margin ratio of 13 percent from July 18 instead of the previous 10 percent for VN30 Index futures to avoid violations and ensure the security of the derivatives market.

The derivatives market has grown strongly over the last three months as investors switch from stocks to derivatives to avoid short-term risks on the stock market.

The VN-Index of the southern bourse gained nearly 14 points to surpass 980 points on June 22, a recovery after the benchmark index suffered from several tumbles in previous trading sessions.