The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) set a new record high on November 8 morning, inching up 7.89 points to hit 1,464.4 points on the back of oil, insurance, securities, real estate and retail stocks.
Liquidity on Vietnam’s stock market hit a new record on November 3 with nearly 52 trillion VND (more than 2.2 billion USD) worth of shares traded on all bourses.
Liquidity on Vietnam’s stock market hit a new record on August 20 with a total of more than 48.3 trillion VND (over 2.1 billion USD), worth of shares traded on both bourses.
The Vietnamese securities market recently set a record with 1 billion USD worth of daily transactions, putting it at the second place in terms of market liquidity in Southeast Asia.
The stock market is still an attractive investment channel for investors in the near future. However, it also poses many challenges for regulators and market members, said experts.
Vietnam’s stock market capitalisation on Ho Chi Minh Stock Exchange (HOSE) as of March 31 skyrocketed 93.56 percent year-on-year to more than 4.46 quadrillion VND (193.72 billion USD), HOSE said.
Market regulators should consider policies to encourage companies listed on the Ho Chi Minh Stock Exchange (HoSE) to temporarily switch to the Hanoi Stock Exchange (HNX), said CEO of VNDirect Securities Co Do Ngoc Quynh.
Vietnam’s stock market is set for unpredictable short-term movement, as both local indexes witnessed a choppy trading week last week, on low liquidity and weak cash flow.
The recent increase in the VND/USD exchange rate was due to inside and outside impacts such as some poor sessions in the domestic stock market and the USD price rise globally, according to Pham Thanh Ha, head of the State Bank of Vietnam (SBV)’s Monetary Policy Department.
Shares rose for a second day on October 25 on the two national stock exchanges but cautious sentiment still lingered as the market trend was highly dependent on large cap movement.
Shares continued to rise on the Ho Chi Minh Stock Exchange on October 12, fueled by the growth of several major large caps, while the Hanoi Stock Exchange closed in the negative zone under high selling pressure.
Vietnamese shares went through a rough trading week with rising investor caution. However, the market is expected to move up this week when listed companies announce third-quarter earnings.
Vietnam’s derivatives market posted strong growth in September, the second month of its operation, with 9,679 accounts trading on the market opened as of September 29 – up 34.5 percent from the end of August.
Government bonds have recently seen strong foreign buying despite the facts that the USD is expected to continue appreciating and Vietnam has no incentives to attract foreign investment in its bonds.
Vietnamese shares on February 16 rebounded from a short fall on previous day, as property developers made gains after they reported higher profits last year compared to 2014.
Vietnamese shares on February 15 pulled back slightly in the first trading session after Tet on both local markets as volatile crude prices led energy stocks lower.
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