Foreign investors remain net sellers on Hanoi Stock Exchange in 2019

Foreign investors continued to net sell over VND700 billion (US$30.2 million) on the Hanoi Stock Exchange (HNX) in 2019, according to the bourse’s statement.

Illustrative photo.

In 2019, foreign investors bought in shares worth VND3.7 trillion (US$159.67 million), but offloaded over US$4.4 trillion (US$189.88 million).

As many as 367 companies were listed on the exchange with a total of 13.4 billion shares as of the end of 2019, equivalent to par value of around VND134 trillion (US$5.77 billion).

At the close of the final trading session of 2019, the HNX-Index hit 102.51 points, down 1.65% year-on-year. During the year, the gauge peaked at 103.22 points on December 16, 2019 and slumped to the lowest of 100.9 on December 2, 2019.

Total market capitalization on the HNX-listed companies reached over VND189.57 trillion (US$8.18 billion) as of December 2019, up 0.24% against November and down 1.26% year-on-year.

The average transaction value in December was estimated at VND387 billion (US$16.68 million) per trading session, up 24.83% month-on-month, or over 33 million shares changed hands per session, up 37.5%.

The bourse said liquidity on the bourse during the year dropped considerably. Some 7.9 billion shares were traded, down 39% year-on-year, while total transaction value fell 48% to over VND102 trillion (US$4.39 billion).

The average transaction amount in 2019 was over 31.6 million shares worth VND408 billion (US$17.58 million) per trading session, down 47.95% year-on-year.

Total transaction value of companies forming the HNX30 Index, which tracks the performance of the 30 largest stocks on the HNX by market capitalization and trading liquidity, in 2019 reached VND73.7 trillion (US$3.17 billion), down 53% year-on-year, while the volume of shares traded was down 46% to 4.4 billion. Such figures made up 72.08% of total transaction value and 56.21% of number of transactions on the HNX.