The volatility in the global stock markets following China's stock rout and capital outflow from emerging markets due to the US interest rate hike had a negative influence on the domestic market. Against this backdrop, many measures and policies have been put in place to stabilise the market, improve transparency and attract foreign investments. The benchmark VN-Index on the HCM Stock Exchange has risen 5 per cent so far this year while the HNX-Index on the smaller exchange in Ha Noi has fallen 5.8 per cent. The financial website cafef.vn has highlighted five policies which affected the stock market most in 2015. 1. Decree 60/2015/ND-CP on easing foreign ownership limit in securities market. Decree 60, dated June 26, allowed foreign shareholding ratio without a limit in public companies which are not subject to conditional businesses. It also lifted the cap on foreign investments in government and corporate bonds. Taking effect on September 1, 2015, this new regulation was seen as a … [Read more...] about The five policies that influenced the stock market the most in 2015
Which days is the stock market closed
VietNamNet Bridge - Experts believe that the most important factor that may have a negative impact on the stock market is the exchange rate fluctuation. After the crude oil price in the world market dropped to $40 per barrel following OPEC’s meeting in early December, securities investors have predicted a gloomy future for oil & gas shares, including GAS of the Gas Corporation.To date, GAS remains among the shares with the highest capitalization value in the market which has influences on the VN Index. With the closing price at VND40,300 per share on December 4, its capitalization value has dropped to $3.39 billion, just equal to 1/3 of that in July 2014, when the GAS market price climbed to VND120,000 per share. The shares of the companies in the energy sector are believed to top the list of factors which have negative impact on the stock market in 2016. By December 4, the VN Index has increased by 8.5 percent, but the dong was devalued by 5 percent. Another factor is the … [Read more...] about How will the stock market perform in 2016?
The stock market night before Christmas (25-12-2007) Investors watch an electronic stock market display at the Bao Viet Securities in Ha Noi. — VNS Photo Viet Thanh HA NOI — It was the night before Christmas and all through the stock exchange, not an investor was stirring, not even a mouse. The market fell 0.45 per cent without a sound to close at 930.86. Turnover came down the chimney with a bound, at VND552.46 billion (US$34.5 million), with over 5.89 million shares traded. The large caps were snuggled all warm in their beds, most losing points yesterday. Suddenly, on the roof, there arose such a clatter, that brokers sprang from their beds to see what was the matter. On Binh Dinh Minerals (BMC), down 0.9 per cent to VND332,000. On PetroVietnam Drilling (PVD), down 1.3 per cent to VND154,000. "The fall was due to the postponing of trading from the foreign sector, which contributes 30 per cent of trading value in the market," said Bien Viet Securities deputy … [Read more...] about The stock market night before Christmas
VietNamNet Bridge – Despite the dark days of the stock market, more and more open end investment funds have been set up. However, it’s still too early to say about their performance. According to the State Securities Commission (SSC), in the first half of the year alone, the watchdog agency granted license to four open end funds, while it is considering licensing five more in the time to come. It is expected that 15-20 such funds would be set up in 2013. As such, Vietnam has had 47 fund management companies so far, 18 securities investment funds, 8 investment funds which are following the procedures to get dissolved and 26 operational representative offices. It is quite a surprise that Vietnam still witnesses the investment fund boom in the context of the gloomy stock market. The number of fund management companies reportedly decreased significantly in the first six months of the year. Some left the market in different ways: one is following the procedures to get … [Read more...] about Will Vietnamese stock market benefit from open-end fund boom?
Illustrative image (Source: Internet) Hanoi (VNA) - Vietnamese shares fell further on September 7, driven down by dairy firm Vinamilk while foreign investors remained net sellers for six consecutive sessions.The benchmark VN Index on the HCM Stock Exchange dropped 0.4 percent to finish at 661.28 points. The southern market index has fallen 2 percent in the last four sessions. The HNX Index on the Hanoi Stock Exchange retreated 0.2 percent to end at 84.22 points after rising 0.4 percent during the previous two trading days. âContinuous downward trend of large-cap stocks such as dairy firm Vinamilk (VNM) kept local market in the negative territory from the beginning of the day,â Bao Viet Securities Co (BVSC) wrote in its daily report. Dairy firm Vinamilk (VNM) continued to suffer from foreign selling as foreign investors sold nearly 2.8 million shares during the session worth 294 billion VND (13 million USD). Some of the 2.8 million Vinamilkâs shares sold by foreign investors … [Read more...] about Vinamilk fall extends stock market gloom