By July, there will be another new investment product – Government bond futures contract. The release of these new investment products is expected to not only help investors to have more investment options but also provide them with a tool to prevent interest rate risk. At the same time, SSC will collaborate with the two stock exchanges to increase supervision, inspection and punishment for violations, especially for market manipulation in order to make the Vietnamese stock market become more transparent. According to Mr. Son, the country’s stock market still maintained good growth in the first half of this year compared to the end of last year. The stock market has mobilized VND147.2 trillion, up 26 percent over the same period last year. The VN-Index has gained by more than 6 percent whereas the HNX-Index has lost 0.6 percent. Market capitalization was at around VND4.31 quadrillion, up 8.8 percent compared to the end of last year, equal to 77.9 percent of gross domestic … [Read more...] about Covered warrant to be traded on stock market as of June 28
Undeclared secrets that drive the stock market
SSC and HOSE executives reply to questions on covered warrants from participants at a meeting held in HCM City on June 24. — VNS Photo Xuan Huong Covered warrants will be listed and traded on the Ho Chi Minh Stock Exchange from June 28, Pham Hong Son, vice chairman of the State Securities Commission of Viet Nam, announced at a meeting in HCM City on Monday. Covered warrants are securities that have collateral assets issued by securities companies. The owner will have the right (not the obligation) to buy or sell the underlying stock (including shares, bonds or other securities) at a predetermined price, before or at a specific time in the future. According to Son new products such as CW are part of the stock market development roadmap to 2020 approved by the Government, and another new product is expected to be rolled out in July. The preparatory works for introducing covered warrants, including the legal framework, regulations, processes, facilities, human resources, and … [Read more...] about Covered warrants all set to be traded on HCM City stock market
(VEN) - Covered warrants are expected to contribute to the development of the Vietnamese stock market as soon as they come into operation. Covered warrants are securities issued by securities companies, who are eligible to follow regulations on hedging activities. Covered warrants allow the holder to buy (call warrant) or sell (put warrant) the underlying stock (including shares, bonds or other securities) at a specific price on or before a pre-determined date. If the actual price of the underlying stock is contrary to the judgment of the investor, the maximum loss is limited to the initial purchase price of the warrant. The covered warrant products will be large-cap stocks listed on the VN30, as they meet requirements on market capitalization, trading liquidity, and the percentage of free-float shares. The trading of covered warrants are similar to stocks, as investors are allowed to use their stock trading accounts to buy and sell covered warrants. Tran Anh Dao, deputy general … [Read more...] about Vietnam’s stock market ready for trading of covered warrants
Energy drives local stock markets upBy Thanh Thom HCMC – Energy stocks drove the market up today, August 8, as confidence in the energy sector was bolstered following the recent oil price increase. The benchmark VN-Index on the Hochiminh Stock Exchange (HOSE) closed the day at 966.27 points, surging 9.48 points, or 0.99%, versus the previous session. Trade on the southern market declined by 4.2% in volume and a staggering 25.9% in value to some 155.7 million shares and VND3.5 trillion, the lowest liquidity in the last 15 consecutive sessions. The local put-through market saw around 14.5 million shares worth some VND504.6 billion traded, compared with over 23.8 million shares worth roughly VND1.5 trillion on Tuesday. Notably, dairy producer VNM rose by a slight 1.63% at VND155,500 per share after its straight eight-day losing streak. Oil prices have soared recently, as global markets fret over the prospect that the United States sanctions on Iran will cause fuel supply to … [Read more...] about Energy drives local stock markets up
VietNamNet Bridge - The Vietnamese stock market in 2017 saw stock prices escalating, but not all investors could make money. The stock market in 2017 saw stock prices escalating Tuan, a 27-year-old investor, spends most of his time watching electronic boards on securities and trading floors and calling brokers. He was surprised that the CMG share price had dropped so dramatically despite the upward trend of the market. The high GDP growth rate, the government’s actions, and foreign capital flow are the three factors behind the strong rise of the stock market in 2017. ‘Too strong’, ‘crazy’ and ‘incredible’ are the words investors use to describe the rise of the stock market in 2017. RELATED NEWS GDP growth must rely on internal strength: economists Three scenarios for Vietnam stock market in late 2017 Kim Chi … [Read more...] about What’s behind the strong performance of the stock market in 2017?