HNX introduces total return index Hong Phuc By Hong Phuc - The Saigon Times Daily HCMC – The Hanoi Stock Exchange (HNX) on December 15 launched the HNX30 Total Return Index (HNX30 TRI), the first index of its kind in Vietnam. The new index is calculated based on the HNX30, which tracks the top 30 stocks by market value and liquidity on the northern bourse. It aims to provide investors with another effective evaluation tool for investing in exchange-traded funds (ETFs). The total return index is popular among global index providers such as MSCI, FTSE, international investment funds and especially passive ETF investment funds because it reflects returns more accurately than a price index. The new index tracks changes in the market prices of the 30 stocks in the HNX30 basket and follows the cash dividends of these stocks, assuming they are re-invested in the basket following this formula: Changes in HNX30 TRI equal changes in HNX30 plus effects of dividend of each HNX30 Index … [Read more...] about HNX introduces total return index
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HNX reports State Treasury bill sales of VND21 trillion
HNX reports State Treasury bill sales of VND21 trillion The Saigon Times Daily HCMC – State Treasury bills transacted on the Hanoi Stock Exchange (HNX) have hit nearly VND21 trillion over the past two years, accounting for nearly 2% of the total government bond transaction value. HNX was quoted by Vietnamplus.vn as saying that State Treasury bills have been put up for sale on the secondary market since August 24, 2012. In 2012, the debt paper transaction value reached over VND909 billion before surging to nearly VND11.7 trillion last year and VND8.1 trillion in the January-July period this year. HNX’s statistics showed that proprietary trading by commercial banks accounted for over 75% of the market’s total trading value, brokerage trading by securities firms made up 20% and proprietary trading by brokerage firms 5%. In addition, foreigners have been active on the State Treasury bill market. During the last four months of 2012, normal foreign selling value was … [Read more...] about HNX reports State Treasury bill sales of VND21 trillion
HNX to raise VND3-trillion from bonds for Hanoi
HNX to raise VND3-trillion from bonds for Hanoi Hong Phuc By Hong Phuc - The Saigon Times Daily HCMC – The Hanoi Stock Exchange (HNX) will hold an auction for VND3 trillion worth of capital construction bonds on August 15 to raise funds for Hanoi. The bond will be issued at a face value of VND100,000 with a tenor of five years and a fixed coupon. However, bond yields have yet to be announced. Based on the interest rate frame regulated by the Ministry of Finance and the market situation at the time of issuance, the city government will decide the coupon but not lower than that for government bonds and comparable to the interest rates offered by commercial banks. The principle will be paid upon maturity while the interest will be paid annually. Payment sources will come from the capital city’s budget. The city government may buy back the bond before maturity to reduce or restructure its debt. According to HNX, the proceeds will be used to invest in social welfare … [Read more...] about HNX to raise VND3-trillion from bonds for Hanoi
HNX stock value up 140 percent after five years
The Hanoi Stock Exchange has 364 companies with listed value reaching VND90 trillion (US$4.23 billion) as of May, up 140 percent after five years since it was established. The announcement was made by HNX on June 24 at a ceremony to mark its fifth establishment anniversary. Capitalization value topped VND120.5 trillion after five years. Especially, Government bond market has made a breakthrough in scope and quality, contributing in capital mobilization for the State budget, interest rate stabilization and orientation of monetary and fiscal policy management. In 2013, Government bond bidding reached VND195 trillion, up 75 times over 2009. Listed value in the secondary market hit VND625 trillion, equivalent to 17 percent of Gross Domestic Product. … [Read more...] about HNX stock value up 140 percent after five years
HNX-Index rises to 17-month high
HNX-Index rises to 17-month high Phuong Thao By Phuong Thao - The Saigon Times Daily HCMC - Securities and oil/gas tickers continued to drive up the market, lifting the HNX-Index to the highest level in 17 months, while the VN-Index also beat the resistance level of 515 points on Thursday. The VN-Index closed the session at 516.98, up 3.08 points, or 0.6% against the previous day. Meanwhile, the HNX-Index entered its seventh straight winning day, adding a hefty 1.17 points, or 1.68%, at 71.16. Trading volume increased 25% and 40% on the southern and northern bourses respectively thanks to some block deals of KDC, VNM and VNS. The combined trading value was nearly VND2 trillion. Brokerages as the best performing sector gained 2.5% and 3.9% on the southern and northern exchanges respectively. Meanwhile, the individual tickers contributing the most points were in the oil and gas sector, with GAS contributing 0.6% to the VN-Index and PVS 0.3% to the HNX-Index. Foreigners extended … [Read more...] about HNX-Index rises to 17-month high