Jul 17, 2019 / 11:32
Ho Chi Minh City Stock Exchange's market cap equals 57% of GDP in H1
Foreign investors remained net buyer in the January – June period with total amount of 201 million shares worth VND10.1 trillion (US$435.05 million).
Total market capitalization of the Ho Chi Minh City Stock Exchange (HoSE) reached VND3,200 trillion (US$137.8 billion) at the end of June, up 11.2% against the end of 2018 and equivalent to 57% of the country's 2018 GDP.
Meanwhile, the market’s liquidity showed signs of slowing down during the period with the average traded volume at 172.3 million shares worth VND3.93 trillion (US$169.28 million) per day, down 14.6% year-on-year in terms of quantity and 29.5% in value.
According to the HoSE, foreign investors remained net buyers in the January – June period with total amount of 201 million shares worth VND10.1 trillion (US$435.05 million).
Vietnam’s largest privately run conglomerate Vingroup topped foreign investors’ buying list, with a net purchase value of over VND5.61 trillion (US$241.65 million) in the six-month period.
South Korea’s conglomerate SK Group late in May successfully bought 205.75 million shares of Vingroup or 6.1% of the group’s charter capital in a deal worth US$1 billion to become the latter's major shareholder.
During the period, the HoSE has approved the public listing of five companies with a combined 1.9 billion shares on offer and market capitalization of over VND69.3 trillion (US$2.98 billion). Two out of these five companies are Viglacera and national flag carrier Vietnam Airlines.
Additionally, the HoSe also held auction for stake sale in two state-owned enterprises Sao Vang Rubber (SRC) and Binh Phuoc Water, raising nearly VND430 billion (US$18.52 million) in proceeds.
Illustrative photo.
|
According to the HoSE, foreign investors remained net buyers in the January – June period with total amount of 201 million shares worth VND10.1 trillion (US$435.05 million).
Vietnam’s largest privately run conglomerate Vingroup topped foreign investors’ buying list, with a net purchase value of over VND5.61 trillion (US$241.65 million) in the six-month period.
South Korea’s conglomerate SK Group late in May successfully bought 205.75 million shares of Vingroup or 6.1% of the group’s charter capital in a deal worth US$1 billion to become the latter's major shareholder.
During the period, the HoSE has approved the public listing of five companies with a combined 1.9 billion shares on offer and market capitalization of over VND69.3 trillion (US$2.98 billion). Two out of these five companies are Viglacera and national flag carrier Vietnam Airlines.
Additionally, the HoSe also held auction for stake sale in two state-owned enterprises Sao Vang Rubber (SRC) and Binh Phuoc Water, raising nearly VND430 billion (US$18.52 million) in proceeds.
Other News
- Vietnam-Laos Industrial Park: New direction to strengthen bilateral ties
- Hanoi's foreign trade turnover hits US$60.1bn in 2024
- Vietnam confident of achieving 8% growth rate in 2025
- UK’s accession to CPTPP to benefit Vietnam’s exports in 2025
- Hanoi seeks greater efficiency in e-commerce tax management
- Hanoi's wet markets in decline amid changing consumer behaviors
- Heavy fines for unhygienic street vendors in Hanoi
Trending
-
Russia Prime Minister arrives in Hanoi, being Vietnam’s first guest in 2025
-
Vietnam news in brief - January 14
-
Prime Minister agrees with Hanoi’s river cleansing idea
-
Hanoi revives historic Tet traditions in Duong Lam Ancient Village
-
AI set to drive Vietnam's economic growth in 2025
-
Two Vietnamese cities in Asia's top five destinations for digital nomads
-
Prime Minister sets vision for Vietnamese football: Asian glory and World Cup dreams
-
Vietnam GDP expands by 7.09% in 2024
-
Hanoi celebrates New Year 2025 with art exhibitions
-
Liên kết hữu ích