Friday, June 14, 2024 7:29:09 PM - Markets open
VN-INDEX 1,279.91 -21.60/-1.66%
HNX-INDEX 243.97 -4.39/-1.77%
UPCOM-INDEX 98.05 -0.96/-0.97%
Domestic investors help to create records in securities market
Vietnam News - 12/27/2021 2:29:07 PM
 (0 ratings. You must sign in to rate.)
The stock market has set records in terms of scores, liquidity and the number of new accounts this year, as investors have seen it a shelter amid complex developments of the COVID-19 pandemic.
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HOSE) reached a new record high of 1,500.8 on November 25, up nearly 36 per cent from late 2020.
Liquidity is regularly at US$1 billion, even hitting nearly VNĐ53 trillion (roughly $2.3 billion) on December 23.
According to the Việt Nam Securities Depository (VSD), by November 30, there were 4,083,325 accounts in Việt Nam’s securities market, 1.3 million higher than the number in late 2020.
Mirae Asset Securities (MAS) said in 2021, the VN-Index had successfully surpassed the 1,200 point mark and conquered the 1,500 point threshold, despite the economy experiencing two consecutive pandemic outbreaks.
Banking, real estate, materials, basic construction and financial services were the market leaders, contributing 31 per cent, 23 per cent, 15 per cent, 10 per cent, and 8 per cent, respectively to the growth of the VN-Index.
The firm reported that by the end of November 2021, the VN-Index increased by nearly 34 per cent compared to 2020 and was named among the markets with the highest profitability in the world.
Foreign investors maintained a net selling strategy in 2021, with a total net selling value of nearly VNĐ61.6 trillion by December 17, more than four times higher than the net selling level last year.
Domestic individual investors net bought more than VNĐ84 trillion in the first 11 months of the year, which was the main driving force to increase market liquidity and VN-Index continuously set new peaks in 2021.
In the context of low interest rates, the population’s idle money shifted to the securities investment channel, with the number of new accounts opened by domestic individuals remaining above 100,000 accounts each month.
Experts from the Vietcombank Securities Company (VCBS) forecast that the securities market would continue to be an attractive investment channel, especially for individuals.
Nguyễn Thị Hoa, from ACB Securities Company (ACBS), held that the increasing engagement of domestic investors had signalled the continuous development of the market.
A new trading platform of the HOSE, scheduled to be put into operation in the second quarter of 2022, would help to facilitate the development of new products and lure more investments in the market, she said.
Echoing Hoa’s view, Trần Khánh Hiền, Research Director of VNDirect Securities Corporation, said the growth pace would be maintained thanks to economic recovery and the participation of domestic individuals.
However, the main risk for the market in 2022 would still be higher-than-expected inflation, which might lead to the roll out of tightened monetary policies, she said. — VNS
Read original article here
Newer News
10/06 Uptrend likely to continue this week: experts
10/06 Surge in newly opened securities accounts recorded in May
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
Older News
25/12 Shares recover strongly in pre-holiday trading
23/12 Indices retreat, money flows in speculative stocks
23/12 Real estate stocks continue to shine bright in 2022
21/12 Shares struggle as large-caps vary
17/12 Share rebound on pillar stocks but liquidity low
17/12 Outlook of logistics stocks promising next year: VCBS
16/12 Stocks remain attractive on record fertiliser prices
13/12 Việt Nam Stock Exchange officially debuts
09/12 Shares post gains thanks to banking, securities stocks
08/12 Shares gain on strong buying force
Newsletter Signup
Top Stories
Surge in newly opened securities accounts recorded in May
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
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,279.91 -21.60/-1.66%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
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...
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.