Update news HNX
The State Treasury raised 162,952 billion VND (nearly 6.94 billion USD) worth of Government bonds via auctions on the Hanoi Stock Exchange (HNX) in the first five months of 2023, up 188.4% year-on-year.
Foreign investors net purchased 14.8 million stocks, worth some VND80 billion ($3,42 million) during the week from August 8 – 12, showing that the Vietnamese securities market remained attractive to them.
The market ended lower last week as many large-cap stocks faced selling pressure after the VN-Index hit a new high of over 1,255 points.
The Ho Chi Minh Stock Exchange (HoSE) is considering stopping the allowance of order amendments or cancellations during trading activities to reduce system overloads which have troubled traders recently, the bourse said.
Billions of banking stocks are about to flood the market with banks planning to pay stock dividends and issue new shares to raise their charter capital.
While in developed markets, corporate bonds act as the major channel that conducts capital for the economy, in Vietnam it is still in a very early stage of development.
The Vietnamese stock market is forecast to struggle this week with rising caution among investors as they wait for the market to reach its balance point.
In 2019, foreign investors bought in shares worth VND3.7 trillion (US$159.67 million), but offloaded over US$4.4 trillion (US$189.88 million).
After having declined for four straight weeks, the Vietnamese market may rebound in December as analysts and securities companies expect that cheaper shares will attract hungry investors amid the world’s volatility.
The proposal to merge Hanoi and Ho Chi Minh City stock exchanges has been put on hold for the immediate future, according to a government report.
The VN-Index had rallied between the end of October and the beginning of November, with strong growth of large-cap firms.
A total 237 companies on the Unlisted Public Company Market (UPCoM) have joined the listed firms’ assessment of information disclosure for 2018-19.
As many as 706 enterprises, 85 per cent of 832 listed companies on the Vietnamese stock market, generated profits during the third quarter of this year.
The Vietnamese derivatives market has picked up over the last three weeks, with total trading volume nearly reaching the total figure recorded in September.