Market capitalisation of listed shares on HOSE drops in March

The COVID-19 pandemic has had significant impacts on the stock market, with all indexes on the Ho Chi Minh City Stock Exchange (HOSE) falling sharply in March.

Market capitalisation of listed shares on HOSE drops in March hinh anh 1

According to HOSE, in the last trading session of March, the VN-Index reached 662.53 points, down 25.77 percent; VNAllshare reached 591.5 points, down 27.72 percent; and the VN30 index reached 610.76 points, down 28.57 percent compared to February.

Total trading volume in March reached 5,990 million shares, equivalent to a total trading value of 97.8 trillion VND. The average trading value was 4.447 trillion VND (188.72 million USD), and the average trading volume was 272 million shares per session, down 7.4 percent in value, but up 7.22 percent in volume compared to the previous month.

The total trading value of foreign investors surpassed 32.6 trillion VND, accounting for 16.7 percent of the total buying and selling value of the whole market. Foreign investors finished as net sellers of 7.95 trillion VND.

By the end of March 31, HOSE had 383 stocks, three closed-end funds (CEFs), three Exchange Traded Funds (ETFs), 62 covered warrants (CWs), and 44 listed bonds. The total number of listed shares reached 88.91 billion, and the total listed market capitalisation was 2.306 quadrillion VND, down 23.54 percent compared to the previous month.

 

Amid market difficulties, the Ministry of Finance issued Circular 14/2020/TT-BTC amending and supplementing a number of articles to Circular No.127/2018/TT-BTC regulating service prices in the securities sector applied at the Stock Exchanges and the Securities Depository Centre to support organizations and individuals affected by the COVID-19 pandemic, including discounts and exemptions for 15 types of securities services. Immediately after Circular 14 came into effect, securities companies reduced and exempted some securities service fees to support customers.

The State Securities Commission also affirmed its support for the market, by shortening the processing time for dossiers to purchase treasury stocks to one day, instead of seven days as before.

Currently, the State Securities Commission, Stock Exchanges and securities companies are planning to cope with the COVID-19 pandemic in any scenario, and at the same time implementing solutions to ensure safe and smooth market operations without affecting the interests of investors./.VNA

Vietnam Airlines shares unavailable for margin lending

Vietnam Airlines shares unavailable for margin lending

Vietnam Airlines is among 51 stocks that had been barred from margin lending in the second quarter, according to the Ho Chi Minh Stock Exchange (HoSE).  

Coronavirus: Stock markets suffer worst quarter since 1987

Coronavirus: Stock markets suffer worst quarter since 1987

The Dow Jones and FTSE 100 have fallen more than 20% since the start of the year.

 
 

Other News

.
Exporters advised to shift focus to ASEAN markets in face of COVID-19
Exporters advised to shift focus to ASEAN markets in face of COVID-19
BUSINESSicon  30/06/2020 

Experts have urged Vietnamese exporters to shift their attention to neighbouring ASEAN markets given that COVID-19 continues to wreak havoc on major markets such as the EU and the US, a recent conference heard.

Cambodia yet to issue documents banning import of Vietnamese fruits, vegetables: ministry
Cambodia yet to issue documents banning import of Vietnamese fruits, vegetables: ministry
BUSINESSicon  30/06/2020 

The Cambodian government and management agencies have yet to issue any official documents banning the import of Vietnamese vegetables and fruits, according to the Asia-Africa Market Department under the Ministry of Industry and Trade.

Vietnam Airlines postpones shareholders’ meeting until July 16
Vietnam Airlines postpones shareholders’ meeting until July 16
BUSINESSicon  30/06/2020 

Vietnam Airlines Group will postpone its shareholders’ meeting until July 16, according to a decision signed by Chairman of Vietnam Airlines Executive Board Pham Ngoc Minh.

Aviation sector restores nearly all domestic flights
Aviation sector restores nearly all domestic flights
BUSINESSicon  30/06/2020 

Airlines restored most of the domestic flight network after the social distancing campaign ended, and is considering resuming international flights with countries that have controlled COVID-19 well.

Cheap cars from Thailand, Indonesia expected to flow into Vietnam
Cheap cars from Thailand, Indonesia expected to flow into Vietnam
BUSINESSicon  30/06/2020 

More and more cheap cars will flood the Vietnamese market in upcoming months as automobile manufacturers in Thailand and Indonesia have urged their governments to apply measures to boost car exports.

Phu Quoc tightens land laws again
Phu Quoc tightens land laws again
BUSINESSicon  30/06/2020 

The People’s Committee of Kien Giang Province has issued a document to temporarily halt the splitting of land plots and transferal of land use purposes in the island district of Phu Quoc.

Vietnam records lowest GDP growth rate in 30 years
Vietnam records lowest GDP growth rate in 30 years
BUSINESSicon  29/06/2020 

Vietnam’s gross domestic product (GDP) increased 1.81 percent during the first six months of 2020, the lowest first-half growth pace since 2011, according to the General Statistics Office (GSO).

Petrolimex plans stock sale, divestment of State capital
Petrolimex plans stock sale, divestment of State capital
BUSINESSicon  29/06/2020 

The Vietnam National Petroleum Group (Petrolimex) plans to sell 15 million treasury stocks in transactions held between June 16 and July 15 to mobilise capital for investment in 2020, 

It's matter of time more European investments will come to Vietnam
It's matter of time more European investments will come to Vietnam
BUSINESSicon  29/06/2020 

Representatives of European organizations explained to Hanoitimes what the future holds for Vietnam–EU business cooperation on the sidelines of the “Hanoi 2020 – Investment and Development Cooperation” conference on June 27.

Vietnam GDP growth forecast in 2020 remains highest in Asia: IMF
Vietnam GDP growth forecast in 2020 remains highest in Asia: IMF
BUSINESSicon  29/06/2020 

The International Monetary Fund (IMF) maintains its forecast for Vietnam’s GDP growth at 2.7% in 2020, the highest in Asia, and the pace is expected to speed up to 7% in 2021.

Open mindset needed for prize-winning game business in Vietnam to take off
Open mindset needed for prize-winning game business in Vietnam to take off
BUSINESSicon  30/06/2020 

Strong development of the night economy, including prize-winning games businesses, could help Vietnam’s tourism compete with regional peers.

Starbucks suspends social media ads over hate speech
Starbucks suspends social media ads over hate speech
BUSINESSicon  29/06/2020 

The coffee giant said it would pause advertising on some platforms in an effort to address hate speech.

Hanoi offers good opportunities for high-tech agriculture for investors
Hanoi offers good opportunities for high-tech agriculture for investors
BUSINESSicon  29/06/2020 

A number of high-tech agricultural projects have been proposed in Hanoi, a trend encouraged by the recent Hanoi investment promotion conference.

Vietnam's seafood exporters setting up basis for EVFTA boons
Vietnam's seafood exporters setting up basis for EVFTA boons
BUSINESSicon  30/06/2020 

Vietnamese seafood producers are developing their material in a sustainable way to make use of incentives for rising exports to the EU market.

Vietnam's garment industry yet to enjoy benefits from EVFTA
Vietnam's garment industry yet to enjoy benefits from EVFTA
BUSINESSicon  30/06/2020 

It is anticipated that local textile and apparel firms will not be able to enjoy any immediate benefits from the European Union -Vietnam Free Trade Agreement (EVFTA) once it enters into force due to rules of origin, according to insiders.

July to be a hard month for Vietnamese shares
July to be a hard month for Vietnamese shares
BUSINESSicon  29/06/2020 

July looks set to be a hard month for investors as market turbulence continues due to the unpredictability of global stocks and with attention on second-quarter earnings expectations.

M&A deals could help VN businesses restructure amid pandemic
M&A deals could help VN businesses restructure amid pandemic
BUSINESSicon  29/06/2020 

Merger and acquisition (M&A) deals will likely increase post-pandemic, which industry insiders see as a chance for enterprises to restructure their operations to be more viable.

How will mobile money affect e-wallets?
How will mobile money affect e-wallets?
BUSINESSicon  29/06/2020 

Non-cash payment activities have developed strongly in recent years with many payment services such as digital banks and e-wallets.

ASEAN needs to collaborate for better tax policy: report
ASEAN needs to collaborate for better tax policy: report
BUSINESSicon  29/06/2020 

ASEAN and all member states must collaborate to establish a better tax policy system to build sustainability and resilience across the region, found a report launched on Thursday in Ha Noi.

Vietnam lures US$6 billion FDI into industrial parks
Vietnam lures US$6 billion FDI into industrial parks
BUSINESSicon  29/06/2020 

Nearly US$6 billion in foreign direct investment was poured into Viet Nam’s industrial parks (IPs), processing zones and economic zones (Ezs) in the first half of the year, according to the Ministry of Planning and Investment (MPI).

 
 
 
Leave your comment on an article

OR QUICK LOGIN