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% since the end of 2016 and the minor HNX Index on the Hanoi Stock Exchange has grown 48.7% in the same period.Trading liquidity rose with an average value of VND5 trillion (US$222.2 million) in each session, an increase of 63% year-on-year; and market capitalisation increased to US$155 billion, equal to 74.6% of the nation’s total gross domestic product (GDP), according to the State Securities Commission.Foreign investors posted a net buy value of roughly US$1.2 billion in stocks and US$750 million in bonds, and raised the total value of invested assets to US$31.4 billion, almost twice the figure recorded in 2016.The number of newly listed shares on the local markets increased by 30% 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 for… Read full this story
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