The Hanoitimes - The high growth would come from stable economic growth and cheap valuation of Vn-Index. Hanoi and Ho Chi Minh City stock exchanges urged to merge in 2019 Vietnam resolved to work for upgrade of stock market status: Gov't FED’s rate hike expected to leave adverse impact on Vietnam’s stock market The benchmark VN-Index could rise to 1,049 points by the end of December, implying an 18% advance for 2019, according to the average of experts surveyed by Bloomberg. Illustrative photo. Lawrence Brader, co-portfolio manager of the FXP Vietnam Smaller Companies Fund in Ho Chi Minh City, expected the outlook for the economy and stock market is positive through 2019, with the domestic picture particularly strong relative to regional and developmental peers. His firm, PXP Vietnam Asset Management, oversaw US$110 million in assets as of November. Brader predicted the nation’s benchmark to surpass its 2018 high and saw a fair … [Read more...] about Vietnam’s benchmark VN-Index projected to jump 18% in 2019: Bloomberg
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Foreign capital flows to have strong effects on Vietnam’s VN-Index in 2019
The Hanoitimes - If Vietnam is included in the emerging market index of FTSE and MSCI in March 2020, the VN-Index may begin to surge in the fourth quarter of 2019. Vietnam’s benchmark VN-Index is projected to be under strong influence by foreign capital flows, which are affected by the global interest rate hike, the prospect of an inclusion to emerging market index, state capital divestment or the adoption of the amended Securities Law, according to Bao Viet Securities Company (BVSC). The VN-Index is expected to decline or grow at a slow pace when interest rate increases. Source: BVSC. Based on the brokerage’s observation since 2009, the movement of the VN-Index has reflected expectation about GDP in the following year and reflected earnings-per-share (EPS) growth (about 6 months earlier). Under this context, the VN-Index normally has positive movement if the USD/VND exchange rate fluctuates within a range of 3% and deposit interest rates are below 10%. The … [Read more...] about Foreign capital flows to have strong effects on Vietnam’s VN-Index in 2019
Vietnam benchmark Vn-Index tops world’s fastest growing indexes
The Hanoitimes - The impressive growth rate of Vietnam`s stock market is thanks to strong growth recorded in the fourth quarter of 2017 and first quarter of 2018. Over the past one year (from October 2017 to date), Vietnam's benchmark Vn-Index is the world fastest growing index in the world at 13.87%, standing above Nasdaq, Russell 3000 or S&P 500, according to the Indexq website. Source: Indexq. This is despite the fact that the VN-Index has kept sliding on the rise of selling pressure, according to the Bao Viet Securities Company (BVSC). On the Hanoi Stock Exchange (HSX), the Vn-Index fell during the trading session on October 24 before settling at 922.73 points, down 16.95 points or 1.8% compared to the previous session and nearly 20% of its peak recorded in early April. The impressive growth rate of Vietnam's stock market is thanks to strong growth recorded in the fourth quarter of 2017 and first quarter of 2018. During these period, Vn-Index … [Read more...] about Vietnam benchmark Vn-Index tops world’s fastest growing indexes
VN Index to rise amid volatility, weak liquidity
Investors follow stock movements at FPT Securities Company (FPTS) in Hanoi (Photo: VNA) Hanoi (VNS/VNA) - Vietnamese shares are forecast to extend their growth in the final week of August by a marginal rate while volatility is widely expected by analysts as buyers are believed to be cautious due to the lack of news that could bolster optimism in the market. The benchmark VN Index on the HCM Stock Exchange was down slightly to end at 987.95 points on August 24. It made a weekly gain of 1.9 percent last week. The HNX Index on the Hanoi Stock Exchange advanced 1 percent the same day to finish last week at 111.62 points, making an increase of 3.33 percent week on week. The HNX Index on the Hanoi Stock Exchange advanced 1 percent the same day to finish last week at 111.62 points, making an increase of 3.33 percent week on week. According to analysts, the VN Index may continue rising this week to reach its old peaks of 990 points and 1,000 points with strong volatility and low trading … [Read more...] about VN Index to rise amid volatility, weak liquidity
VN Index seen to rise amid volatility, weak liquidity
Vietnamese shares are forecast to extend their growth in the final week of August by a marginal rate while volatility is widely expected by analysts as buyers are believed to be cautious due to the lack of news that could bolster optimism in the market. The benchmark VN Index on the HCM Stock Exchange was down slightly to end Friday at 987.95 points. It made a weekly gain of 1.9 per cent last week. The HNX Index on the Ha Noi Stock Exchange advanced 1 per cent the same day to finish last week at 111.62 points, making an increase of 3.33 per cent week on week. The HNX Index on the Ha Noi Stock Exchange advanced 1 per cent the same day to finish last week at 111.62 points, making an increase of 3.33 per cent week on week. According to analysts, the VN Index may continue rising this week to reach its old peaks of 990 points and 1,000 points with strong volatility and low trading liquidity. Last week, the Vietnamese stock market recorded an average of 193 million shares being traded on … [Read more...] about VN Index seen to rise amid volatility, weak liquidity