(VEN) - The Hanoi Stock Exchange (HNX) has operated markets smoothly, stably and safely with no malfunctions. By June 2018, some 377 companies were listed on the HNX, with total listed value of VND124 trillion and market capitalization of VND193 trillion. After a strong increase in the first quarter of the year, the HNX Index declined to end at 106.17 points by the end of June. The average trading volume in the first half of the year reached 61 million shares per session with the average value of VND973 billion per session, an increase of 20 percent in volume and 76 percent in value compared to the same period last year. The UPCoM market continued to function steadily during the first half, with an additional 76 companies traded on the HNX, bringing the total number to 754. The market value at the end of June reached over VND648 trillion. Market liquidity continued to increase sharply, with trading volume of 20 million shares per session for the value of VND433 billion per session. … [Read more...] about HNX takes stock of its operations
Total bond market index fund
Investors still bet big on a bearish stock market
The US-China trade war may be one of the main reasons for the recent poor performance of the Vietnamese stock market A downbeat tone The corrective period of Vietnam’s stock market is extending into its third month, as the main gauge VN-Index fell below 900 points on July 5, to 899. The majority of blue chips, especially those of banks and oil firms, lost their value by 5-6 per cent in only one trading day, bringing the entire market down. Daily liquidity also plummeted from VND10 trillion ($434 million) to VND3 trillion ($140.4 million). On July 11 and 12, the market showed early recovery signs as the VN-Index gained 0.6 per cent, but the market gauge still remained under the 900-point mark (at 898.51 points). This means the VN-Index has lost 25.84 per cent of its value since April 9, when it hit its record high of 1,204.33 points. Due to these drastic falls, Vietnam has been ranked as one of the 10 worst-performing stock markets in the world, a complete contrast to the … [Read more...] about Investors still bet big on a bearish stock market
BUSINESS IN BRIEF 19/6
Nawaplastic still hungry for Binh Minh Plastic shares Owning a dominant stake in Binh Minh Plastic (BMP) did not quench Nawaplastic Industry Co., Ltd. (Nawaplastic)’s thirst for BMP shares. Most recently, Nawaplastic registered to buy an additional 1.17 million BMP shares to increase its holding to 44.525 million shares, equalling 54.39 per cent of the charter capital. The transaction is expected to occur between June18 and July16. The registered share volume is the remaining part of the 2.86 million shares that Nawaplastic failed to buy during previous transactions. Notably, Nawaplastic registered to buy 2.86 million BMP shares during transactions on May 14-June 12, however, the Thai investor ended up buying 1.69 million of the registered shares as BMP did not match Nawaplastic’s target price. BMP manufactures and trades civil and industrial products made of plastic and rubber. The company also designs, manufactures, and trades in plastic moulds for the casting industry; … [Read more...] about BUSINESS IN BRIEF 19/6
Most stocks hit ceiling
Most stocks hit ceilingBy Thuy Trieu - The Saigon Times DailyHCMC - The HCMC stock market on Wednesday witnessed a strong increase with almost all stocks hitting the ceiling prices, pulling the VN-Index up 16.39 points, or 4.53%, from the previous session to 377.83.Investors rushed to buy shares, forcing the demand up 20% to 45.2 million shares, while sellers seemed to be more hesitant as they reduced the selling volume by a quarter to 18.7 million shares. Market turnover was low which is typical of a day when bids overwhelm offers and there were a lot of buying orders leftover at the close. The market's total trading volume was 16.3 million shares worth VND489 billion, down 9% from the previous session.In terms of value, the most actively traded stock was Sacombank (STB), rising 4.76% to VND24,200 with 2.58 million shares traded. PetroVietnam Fertilizer and Chemicals Co. (DPM) was the second most traded stock, jumping by 4.85% to VND49,700 with 1.1 million shares traded. PV Drilling … [Read more...] about Most stocks hit ceiling
Market rebound forecast for this week
Market rebound forecast for this weekKim Ngan By Kim Ngan - The Saigon Times Daily HCMC – Securities companies have said the local stock market might stage a mild rebound this week thanks to a recent liquidity improvement on HCMC and Hanoi bourses. During last week, the VN-Index dropped nearly 0.4%, closing at 600.36, while the HNX-Index gained 1.3% at 90.74. Matching volume expanded 20% on the HCMC market to 661.5 million shares while that on the Hanoi market jumped 47% at 380 million shares. Liquidity improvement was a positive sign for the market, according to vietstock.vn. With no supporting news, the market failed to maintain its uptrend last week, with four sessions ending lower on the Hochiminh Stock Exchange. Capital mainly poured into blue-chips and shares of securities and mining companies. Notably, speculators actively picked construction and realty tickers such as FLC, KBC, ITA and DLG. On the other hand, Hanoi market-listed KLF and FIT recorded high trading volume, … [Read more...] about Market rebound forecast for this week
IPOs needed to improve market
The Government needs to enlarge the scale of the market and lure more State-owned enterprises to list shares through speeding up their equitisation, according to Luu Trung Thai, Vice Chairman of the Military Commercial Joint Stock Bank. The Government needs to enlarge the scale of the market and lure more State-owned enterprises to list shares through speeding up their equitisation. — Photo nhadautu.vnSuch a move would improve the sustainability of the securities market in 2018, he said at a meeting on Monday.However, the market’s total capitalisation, which was equal to 75 per cent of the country’s total gross domestic product (GDP), is far lower compared to other markets in the region, he added.For example, the figures for Thailand, Singapore and Hong Kong – three of the biggest markets in Asia – are 103 per cent, 215 per cent and nearly 1,000 per cent, respectively, Thai said.Though the size of the securities market doubled on a yearly basis in … [Read more...] about IPOs needed to improve market
BUSINESS IN BRIEF 9/1
Vingroup, T&T to develop urban railway projects in HanoiThe government of Hanoi City has proposed the Prime Minister allow Vingroup and T&T Group to develop three urban railway projects which the city plans to complete by 2025, Tuoi Tre newspaper reports.The two domestic investors will use their capital to make pre-feasibility studies for these projects.When the projects were announced, many investors expressed interest in Hanoi. However, only Vingroup and T&T Group have registered to take part.Both of them proposed implementing the projects in the build-transfer (BT) format. Particularly, Vingroup registered to build the 38.4-kilometer metro line No. 5 which connects Van Cao and Hoa Lac and metro line No. 2 from Tran Hung Dao to Thuong Dinh with a length of 5.9 kilometers. Meanwhile, T&T Group is keen on metro line No. 4 connecting Me Linh, Sai Dong and Lien Ha, and measuring 54 kilometers in length.The two investors said they would use their own finances to study the … [Read more...] about BUSINESS IN BRIEF 9/1
Securities firms seek margin lending funds
Checking and supervising of electronic bond bidding at the Hanoi Stock Exchange. (Source: VNA)Hanoi (VNA) - Manysecurities companies have opted to issue corporate bonds to raise capital tofinance their margin lending service, following upbeat forecasts for the marketin 2018.Vietnam’s benchmark VN-Index closed 2017at over 984 points, a rise of 48 percent over the end of 2016. The localsecurities market value reached about 3.36 quadrillion VND (147.4 billion USD),equivalent to more than 74 percent of the country’s gross domestic product(GDP).The boom on the securities market hashelped brokerage companies expand their margin lending, but also illustratesthat their capital growth has not caught up with investors’ borrowing demand.To finance their lending expansion, manycompanies have decided to issue bonds.Saigon Securities Inc is seekingshareholders’ approval for the issuing of a maximum 1.2 million convertiblebonds worth total 1.2 trillion VND in 2018 at the rate … [Read more...] about Securities firms seek margin lending funds
Stock brokerages urge purchase of shares
Stock brokerages urge purchase of sharesPhuong Thao By Phuong Thao - The Saigon Times Daily HCMC – Securities enterprises have said medium and long-term investors should consider acquiring more shares after the national Tet holiday as foreign participation and macroeconomic factors are favorable for the market. According to Viet Dragon Securities Company (VDSC), in the week from January 20 to 24, prior to the traditional Lunar New Year holiday, the surge of foreign cash inflows marked the trading week in which net foreign buying value soared on a daily basis. This could be attributable to the two exchange traded funds (ETFs) VNM and FTSE that continued trading at high premiums. Preliminary statistics have showed a bright economic picture with the consumer price index (CPI) in January growing 0.69% month-on-month, the lowest since 2009 despite January being the Tet month. Meanwhile, the balance of trade had a surplus of US$100 million last month. Notably, Fitch Ratings has … [Read more...] about Stock brokerages urge purchase of shares
Market opens week up 1.35%, trade falls
Market opens week up 1.35%, trade fallsBy Thuy Trieu - The Saigon Times DailyHCMC – The HCMC market on Monday managed a rally, with the index increasing 4.1 points, or 1.35%, from the previous session to close at 308.56 points mostly due to gains on blue-chips while the trading volume felt by a sharp 16.4%.The market opened up with increasing prices of blue-chips, leading to the VN-Index rising 1.99 points in the first orders matching phase. It then maintained high during the continuous matching phase and finally finished the day at those levels. However, trade was worse than in the previous session.Monday was the fourth consecutive session of low trading volume of less than 10 million shares. Absent of foreigners’ participation due to big festival was one of the reasons for dull trade on bourse.Among 174 stocks and fund units on the stock exchange, there were 86 stocks increasing and 50 others falling.Sacombank (STB) was the most actively traded stock on bourse, falling … [Read more...] about Market opens week up 1.35%, trade falls