Many Chinese funds are pouring capital into the Vietnamese stock market because of low valuations and further loosening of foreign ownership in the near future.
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.
The Ho Chi Minh Stock Exchange (HoSE)’s pre-tax profits increased 19 percent year-on-year in the first six months to 238 billion VND (10.3 million USD).
The Hanoi Stock Exchange (HNX) has announced the top ten brokers with the largest transactions of listed stocks on the northern bourse in the first quarter of 2020.
The SSI Securities Corporation has retained its top spot on the Ho Chi Minh Stock Exchange (HoSE)’s list of the 10 leading securities firms in terms of brokerage market share of stocks, fund certificates, and covered warrants (CW) in the first quarter of 2020.
The Vietnamese stock market had a tough time throughout February with most stocks weakening amid concern about the global spread of the coronavirus disease(COVID-19).
Foreign investors have poured around 36.4 billion USD into the Vietnamese stock market by the end of 2019, a rise of 11.6 percent from a year earlier, according to the State Securities Commission (SSC).
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).
Vietnam’s stock market has been evaluated as a bright spot in the region in terms of growth speed and foreign capital absorption for years, according to Chairman of the State Securities Commission (SSC) Tran Van Dung.
The State Securities Commission (SSC) has so far licensed16 securities companies to sell 28.9 million covered warrants with a maximum value of 104 billion VND (4.5 million USD).
VinaCapita Fund Management Joint Stock Company (VCFM), one of the most experienced asset management companies in Vietnam, on March 20 announced the establishment of its fourth open-ended fund - the VinCapital Insights Balanced Fund (VIBF).
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.