Vietnam stock market watchdog sets reference price for stocks switching to HNX
Four public firms have moved their stock listings to the Hanoi Stock Exchange (HNX).
Four public firms have moved their stock listings to the Hanoi Stock Exchange (HNX).
From two large-cap stocks with a market cap of more than US$5 billion in 2015 in the Vietnam market as a whole, there are now 11.
For 2021, the firm expected Vn-Index to fluctuate in range of 1,070-1,250.
The daily turnover in Vietnam’s stock market has been extremely high for the last several months, said the head of independent Finish fund manager Pyn Elite Fund.
Investors are more well-prepared in terms of financial capabilities, knowledge and understanding of risks in the stock market.
Strong attention from investors helped boost banks stocks’ value, but those of petroleum companies were the highlight of this morning trading session with many reached the ceiling, namely PVB, PVC, PVD, PVS, PVT, or PXS.
Before Tet holiday, the stock market showed sign of recovery following a historic slump, while the gold prices on the world market was on the declining trend.
In long-term, the outlook of Vietnam’s stock market remains bright as the positive macro-economic environment would serve as a big boost for the market.
Market capitalization on the HoSE, home to majorly large-caps, dropped around US$11.78 billion.
F0 investors put their money in stocks they barely know of but were recommended by others, so they become vulnerable when things go wrong and do not know what to do, said an expert.