HCM City Stock Exchange's market cap equals 57% of GDP in H1

Foreign investors remained net buyer in the January – June period with total amount of 201 million shares worth VND10.1 trillion (US$435.05 million).

Total market capitalization of the Ho Chi Minh City Stock Exchange (HoSE) reached VND3,200 trillion (US$137.8 billion) at the end of June, up 11.2% against the end of 2018 and equivalent to 57% of the country's 2018 GDP. 

Illustrative photo.

Meanwhile, the market’s liquidity showed signs of slowing down during the period with the average traded volume at 172.3 million shares worth VND3.93 trillion (US$169.28 million) per day, down 14.6% year-on-year in terms of quantity and 29.5% in value. 

According to the HoSE, foreign investors remained net buyers in the January – June period with total amount of 201 million shares worth VND10.1 trillion (US$435.05 million). 

Vietnam’s largest privately run conglomerate Vingroup topped foreign investors’ buying list, with a net purchase value of over VND5.61 trillion (US$241.65 million) in the six-month period. 

 

South Korea’s conglomerate SK Group late in May successfully bought 205.75 million shares of Vingroup or 6.1% of the group’s charter capital in a deal worth US$1 billion to become the latter's major shareholder. 

During the period, the HoSE has approved the public listing of five companies with a combined 1.9 billion shares on offer and market capitalization of over VND69.3 trillion (US$2.98 billion). Two out of these five companies are Viglacera and national flag carrier Vietnam Airlines.

Additionally, the HoSe also held auction for stake sale in two state-owned enterprises Sao Vang Rubber (SRC) and Binh Phuoc Water, raising nearly VND430 billion (US$18.52 million) in proceeds. Hanoitimes

Ngoc Thuy

 
 
 
 
 
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