January saw the largest amount of investment capital poured into Vietnam’s stock market since the beginning of 2020 on the back of strong exchange traded fund (ETF) inflows, according to a report by SSI Securities Corporation.
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.
Exchange-traded fund (ETF) SSIAM VN30 on August 18 officially listed 5.6 million shares, worth 56 billion VND (2.4 million USD), on the Ho Chi Minh City Stock Exchange (HOSE).
Most investment funds in Vietnam’s equity market reported negative growth in net asset value per share (NAVPS) in H1 due to a stock market downturn, resulting from the impacts of the COVID-19 outbreak.
Vietnam’s major trading bourse Ho Chi Minh Stock Exchange (HoSE) has reported its pre-tax profit dropped by almost half year-on-year to 200 billion VND (8.6 million USD).
Besides the exchange-traded fund and covered warrants, the HOSE is studying two new securities products – non-voting shares and non-voting depository receipts so as to strengthen VN’s capital market.
Over the past year, most investment funds in Vietnam’s equity market have seen negative growth in net asset value per share (NAVPS) due to the poor performance of the market indices.
Vietnamese stocks are expected to rise further on expectations of positive corporate earnings reports from the financial-banking sector and a strong inflow of foreign investment, analysts said.
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