Investors to be keen on securities sector in 2018

Updated at Sunday, 07 Jan 2018, 18:28 The Hanoitimes – Experts said that the securities market is likely to be the most attractive investment channel for investors in the Vietnamese economy in 2018. They attribute this to the Government’s efforts to improve trading conditions, upcoming sales of large-cap State-owned enterprises and undervalued shares. The securities market has witnessed strong growth since the beginning of 2017, surpassing analysts’ expectations, and promises to break its old peak of 1,075 points made in November 2007. The benchmark VN Index on the HCM Stock Exchange has gained nearly 51 percent since the end of 2016 and the minor HNX Index on the Hanoi Stock Exchange has grown 48.7 percent in the same period.     Trading liquidity rose with an average value of 5 trillion VND (222.2 million USD) in each session, an increase of 63 percent year-on-year; and market capitalisation increased to 155 billion USD, equal to 74.6 percent of the nation’s total gross domestic product (GDP), according to the State Securities Commission. Foreign investors posted a net buy value of roughly 1.2 billion USD in stocks and 750 million USD in bonds, and raised the total value of invested assets to 31.4 billion USD, almost twice the figure recorded in 2016. The number of newly listed shares on the local markets increased by 30 percent from the beginning of the year as a number of large-cap firms started trading their shares, like VPBank, brewer Sabeco and petrol dealer Petrolimex, providing high-quality stocks… [Read full story]

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