The VN-Index recorded nine hikes in he two weeks since the end of the Lunar New Year holidays (Photo: VietnamPlus) Hanoi (VNA) - This week, Vietnam’s stock markets closed in the green, as the benchmark VN-Index rose 1.34 points to 988.91 points while the HNX-Index inched up 0.7 point to 106.82 points. The VN-Index on the Ho Chi Minh City Stock Exchange (HoSE) enjoyed increases in the whole week (from February 18 to 22) and it was also the ninth hike in two weeks. On February 22, there were 144 rising codes and 152 in decline. The VN30, which measures the performance of the 30 stocks with the highest market capitalisation and liquidity on the HoSE, had 17 advancing codes and 12 others end in red, while one code was flat. In the week, foreign investors posted net purchase value of 772.92 trillion VND (33.02 billion USD), equivalent to 23.64 million shares. E1VFVN30 topped the list with 15.4 million shares purchased, followed by HPG with 8 million shares. The … [Read more...] about Will VN-Index hit 1,000-point mark thanks to investors’ positivity?
Attracting foreign investors
Investors at a stock trading floor in Hanoi. (Photo: vnreview.vn) Hanoi (VNS/VNA) - There are many securities products that are widely used in other countries but have not yet appeared on the Vietnamese stock market, said Phan Duc Hieu, deputy director of the Central Institute for Economic Management (CIEM). “This makes the Vietnamese stock market less attractive, affecting capital mobilisation of listed companies,” Hieu said at a seminar held in Hanoi on May 8, themed “Enhancing Vietnam's capital market accessibility”, co-organised by CIEM and the State Securities Commission (SSC). Participants at the seminar discussed solutions to offer new securities products to diversify the stock market and attract investors, helping businesses mobilise capital for production and development. According to SSC vice chairman Pham Hong Son, the securities sector has made great efforts to develop policies to attract foreign investment, raising the foreign ownership ratio in … [Read more...] about Stock market needs product impetus
Illustrative image (Source: VNA) Hanoi (VNS/VNA) - The Vietnam Securities Depository (VSD) will apply a new minimum initial margin ratio of 13 percent from July 18 instead of the previous 10 percent for VN30 Index futures to avoid violations and ensure the security of the derivatives market. The initial margin is the minimum collateral value deposited with the VSD to meet the requirements of clearing members’ positions which are expected to open before trading, except close-out positions of the same trading account. The VSD on July 13 “sent a written notice to clearing members about the adjustment” and requested them to “review, recalculate the margin requirement value in accordance with new minimum margin requirements on each investor accounts.” Clearing members should ask for “additional deposits (if necessary)” to avoid “violation of collateral usage rate” and “assure the safety and smoothness of clearing and … [Read more...] about Initial margin ratio raised to reduce derivatives risks
CEO of SSI Securities Corporation Nguyen Duy Hung (Photo: Vietnam Finance) Hanoi (VNA) - Transparency and quality of information disclosure are the main concerns for market members, public companies and auditors to lure a larger amount of capital in 2019, business executives have said. Nguyen Duy Hung, CEO of SSI Securities Corporation, said that the securities market should be the most important fund-raising passage for local companies. However, still weighing on the confidence of both domestic and foreign investors in local firms were the transparency and quality of information disclosure, which had not been ensured, Hung told a recent meeting held by the State Securities Commission. “We need to build the securities market and turn it into a channel, helping local firms attract capital investment. But key issues are market transparency and confidence,” he said. According to Hung, the total amount of equity capital among local firms is still small with most … [Read more...] about Transparency needed for securities market in 2019
Heineken was a large shareholder to Sabeco for 10 years At the November 15 session, Heineken Asia Pacific Pte., Ltd. has released an announcement about selling nearly 5.2 million SAB stocks for foreign investors at VND234,000 ($10.1) per stock. After the session, Heineken only holds 27.68 million SAB stocks, equaling 4.32 per cent of its shares, giving up its status as a large shareholder after 10 years. Heineken has been Sabeco’s big shareholder since the local business conducted its IPO in 2008. The Dutch giant had repeatedly voiced an interest in becoming Sabeco’s strategic shareholder after the government’s divestment. However, in an auction of Sabeco’s shares in late 2017, Vietnam Beverage Ltd. – a member of Thailand-based beverage company ThaiBev – gained control of Sabeco by splashing out $5 billion. At present, the Ministry of Industry and Trade still holds 36 per cent of Sabeco’s shares. The local company’s shareholder … [Read more...] about Heineken sells 5.2 million Sabeco’s stocks