Wednesday, May 29, 2024 6:08:15 PM - Markets open
VN-INDEX 1,272.64 -9.09/-0.71%
HNX-INDEX 244.15 -1.43/-0.58%
UPCOM-INDEX 95.92 +0.31/+0.32%
Vietnam ranked top among world's biggest rising markets
Đài tiếng nói VN - 7/28/2015 2:19:05 PM
 (0 ratings. You must sign in to rate.)
Vietnam's VN Index topped a list of the world markets that rose the most between June 24 and July 24.

The VN index was followed by other international markets such as Denmark and the Czech Republic, according to the World Market Index (IndexQ).

The VN Index on the Ho Chi Minh Stock Exchange (HOSE) gained 7% during that period to end at 631.26 points by the end of last week.

IndexQ also reported that the VN Index rose the most in the last three months, with growth of 11.58% – more than the Chinese and Mongolian markets.

Since the beginning of the year, the VN Index has grown by 15.7%, which doubled growth of 8.1% last year and marked the third consecutive year of growth for Vietnamese securities markets.

This high growth came after the Government issued Decree 60 on June 26 to increase foreign ownership in local companies, which then sharply raised the foreign purchasing value on the stock market.

During the 20 trading sessions that ended last week, foreign investors were net buyers in 17 sessions on both local bourses – the Ho Chi Minh Stock Exchange and Hanoi Stock Exchange.

They totaled VND2 trillion (US$92.04 million) in net buy value from June 26 to July 24, including the highest value of VND457.2 billion (US$20.95 million) on June 26 – the first trading session after the decree was issued.

On average, foreign investors recorded a daily net buy value of VND100.4 billion (US$4.6 million) during this period, 2.5 times the value recorded in the first six months.

Last week, HOSE marked its fifteenth year of operation, during which increasing foreign investment has helped improve the status of Viet Nam's securities market, represented by the VN Index.

By the end of June, there were 303 companies on HOSE, with a total market capitalisation of more than VND1,100 trillion (US$500.5 billion), 87 member securities companies and 1.5 million investors.

Last year daily transactions performed through HOSE were valued at more than VND2.1 trillion (US$96.3 million), representing 77%, or the combined figure of exchanges in Ho Chi Minh City and Hanoi.
Newer News
27/05 Market likely to continue volatility this week
25/05 Market plummets as liquidity surges to eight-week high
08/05 Positive investment opportunities in Vietnamese stocks with potential Fed rate reduction
08/05 VN adds over 110,000 new securities accounts in April, bringing total to 7.7 million
06/05 Cautious rise amid low supply and cash flow, investors advised to monitor resistance area
02/05 Market likely to face some fluctuations
02/05 Outstanding margin loans reach record high amidst strong equity growth
02/05 Interest rates to rise but not have major impact on stock market: economist
19/04 Market upgrade to begin a new phase of development
16/04 Market plunges, HOSE's value evaporates $10 billion
Older News
28/07 Foreign investors seen keeping active trading
28/07 HOSE listed firms report double capital rise
27/07 Local markets to test benchmarks
25/07 VN’s stock market grows highest in Southeast Asia in H1
25/07 Local indices end on mixed note
25/07 Listing regulations spur trading on the UPCoM
24/07 Selling pressure hampers growth
23/07 Few brokers record H1 profits
23/07 Strong demand for blue chips lifts both bourses
22/07 Insurance codes suffer as investors offload shares
 
Newsletter Signup
Top Stories
VN adds over 110,000 new securities accounts in April, bringing total to 7.7 million
Cautious rise amid low supply and cash flow, investors advised to monitor resistance area
Interest rates to rise but not have major impact on stock market: economist
Businesses concerned about rising exchange rate pressure
Gold bar auction to be resumed after 11 years of suspension
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,272.64 -9.09/-0.71%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.