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Update news markets
The Ha Noi Stock Exchange (HNX) will continue petitioning State management agencies this year to consider allowing margin trading on the Unlisted Public Company Market (UPCoM).
Foreign investors in January bought a total net value of VND46 billion (nearly US$2 million) worth of shares on the Unlisted Public Company Market (UPCoM).
Pharmaceutical stocks are experiencing an upsurge as fears of coronavirus have boosted demand for healthcare products and services, lifting demand for shares.
Trading liquidity is key to luring foreign capital into the Vietnamese stock market in 2020 when the local equity market is being weighed down by negative ratings and global developments.
The number of investors opening new accounts in 2019 fell from the previous year, according to the Vietnam Securities Depository (VSD).
There are currently only 10 FDI enterprises listed on local exchanges compared to the tens of thousands of FDI firms operating in Viet Nam.
Southeast Asias largest ride-hailing firm, Grab,has announced plans to invest an additional US$500 million in Vietnam over the next five years.
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.
Masan MEATLife Joint Stock Company, a subsidiary of Masan Group, will list its shares on the Unlisted Public Company Market on December 9 at a reference price of VND 80,000 (US$4.46).
Hung Vuong Corporation (HVG), one of the biggest seafood processors in Viet Nam, plans to sell five million treasury shares to raise capital to supplement business activities and enhance operational efficiency.
Vietnamese securities companies are looking to raise capital to supplement business activities and enhance operational efficiency.
Vietnamese shares may bounce back next week as investors will seek stocks that suffered sharp falls in previous sessions, analysts said.
Following a global trend of share buybacks, many Vietnamese businesses are now repurchasing their own stocks to stablise prices.
The VN-Index had rallied between the end of October and the beginning of November, with strong growth of large-cap firms.
The Ho Chi Minh Stock Exchange on November 18 introduced three new stock indices developed based on the investment requirements of local funds.
Although the Unlisted Public Company Market attracts less attention from investors than the HCM and Ha Noi stock exchanges, the market still offers potential opportunities for market players who thoroughly understand it.
Commercial banks remained the biggest bond issuers with VND79.4 trillion worth of bond issuance, accounting for 44.4 per cent of the total figure.
The strong increase of the number of fund accounts prove investors are becoming more interested in open-end funds’ products and services.
A total 237 companies on the Unlisted Public Company Market (UPCoM) have joined the listed firms’ assessment of information disclosure for 2018-19.
The national steering committee on food safety has set up six inspection teams to check food safety and hygiene for the coming Tet (Lunar New Year) festival.