Emerging market bond index

According to analysts, after gaining continuously for the past 30 days, during which the VN-Index rose by 124.48 points, a large-scale correction is not a surprise, but the severity of the freefall this session was a result of the large number of inexperienced investors participating in the market, and those using margin trading. … [Read more...] about Panic selling sends VN-Index to biggest losing session in six months

Hanoi (VNA) - Shares bounced back slightly in the afternoon trade but the VN-Index still lost 60.94 points, or 5.11 percent, closing the January 19 session at 1,131 points. This was the biggest daily retreat of Vietnam’s benchmark since the first quarter of 2020 and the second falling day this week. It inched down just 0.2 percent on January 18. On the Ho Chi Minh Stock Exchange, overall market breadth was pessimistic with 394 stocks falling, only 42 rising and 39 closing flat. Blue chips were the main drag when all of the top 30 largest shares by market value and liquidity (VN30) plummeted, of which eight hit the floor price of a 7-per-cent drop. All of them were banks and financial companies including BIDV (BID), Vietinbank (CTG), Military Bank (MBB), VPBank (VPB), Sacombank (STB), Ho Chi Minh Development Bank (HDB), Saigon Securities Inc (SSI) and Hoang Huy Investment Financial Services (TCH). Except Vincom Retail (VRE) rebounding near the reference price by the end … [Read more...] about VN-Index suffers big loss, liquidity exceeds 1 bln USD

According to MB Securities Co (MBS), the fact that many stocks in the VN30 dropped was a bad sign which was driven by surging profit-taking pressure from investors, especially who use high leverage to buy stocks and stock prices had increased fervently in the recent uptrend. … [Read more...] about VN-Index suffers biggest lost since Q1/2020, liquidity hits record

A steady pace of market reforms in Vietnam, supported by a growing need of issuers for funding, have led to annual bond issuance growing from US$92 million in 2000 to US$24 billion in 2019. Total bond issuances more than doubled between 2012 and 2019 growing from US$11 billion in 2012 to US$24 billion in 2019. Ngoc Thao … [Read more...] about Vietnam primed for credit rating agency to boost bond market

The reduction in fees and supportive policies brought new cash flows into the stock market which helped the liquidity rise to a record level. Data from the General Statistics Office (GSO) showed the amount of capital poured into Việt Nam’s stock market rose 20 per cent in 2020 to VNĐ383.6 trillion. … [Read more...] about SSC sets out measures to address stock market overload issue