Vietnamplus

The Securities Journalists Club has selected the top 10 events on the Vietnamese stock market in 2019 as followed.

The Vietnam Association of Securities Businesses said a new code of conduct will be introduced in 2020 to improve the ethical standards of brokerage firms and brokers.

A new code of conduct will be introduced in 2020 to improve the ethical standards of brokerage firms and brokers, according to the Vietnam Association of Securities Businesses (VASB).

Shares in securities companies seem to have lost their shine for investors in the face of fierce competition from foreign-invested firms.

Open-end funds in Vietnam are looking forward to better performances in 2020 as more investors seek assistance from funds’ products and services.

The total value of corporate bonds was 7.7 billion USD in January-October this year, according to SSI Retail Research.

The total value of corporate bonds was 178.7 trillion VND (7.71 billion USD) in January-October this year, according to SSI Retail Research.

Vietnamese shares advanced on October 8 as attention shifted to companies with good earnings prospects amid a lack of supportive information.

SSI Securities Corporation (SSI) again had the biggest stock-brokering market shares on both Hop Chi Minh and Hanoi stock exchanges in the third quarter of the year.

Vietnam’s benchmark VN-Index could breach the 1,000 point mark in the last quarter of the year after the Q3 corporate earnings season and with investors shifting attention towards firms with hopes for full-year earnings growth.

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

Many leading Vietnamese securities firms reported lower profits in the first half of 2019, according to the Ho Chi Minh Stock Exchange (HOSE).

Securities companies participating in the new covered warrant market may find it less attractive to trade covered warrants of large-cap State-owned companies due to their low free-floating ratios.

Vietnam’s benchmark VN-Index has risen since the ratification of the EU-Vietnam trade agreement on the back of listed firms whose exports would be boosted by the deal.

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).

Covered warrants will be officially listed and traded on the Ho Chi Minh Stock Exchange from June 28, according to Vice Chairman of the State Securities Commission of Vietnam Pham Hong Son.

The use of non-voting depository receipts (NVDRs) may help foreign investors buy more shares in Vietnamese companies without raising their power.

As the Vietnamese stock market has been volatile in recent months, many listed firms have given up on plans to issue shares to raise charter capital.

The Hanoi Stock Exchange (HNX) eyes 308 billion VND (13.2 million USD) in pre-tax profit in 2019, up 0.3 percent year on year, and 594.3 billion VND in total revenue, up 5.66 percent year on year.

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.