HOSE liquidity up 74 percent in 2017

Liquidity at the Ho Chi Minh City Stock Exchange (HOSE) has risen, with more than 192 million shares worth 4.2 trillion VND (186.7 million USD) being traded daily in 2017, up 49 percent in volume and 74 percent in value year-on-year. 

Illustrative image (Source: VNA)

Illustrative image (Source: VNA)

In its annual report, HOSE said its 2017 revenue surged 68 percent to 828 billion VND, from professional activities (89 percent), services (6 percent) and financial activities (5 percent). 

Market monitor expenses accounted for 34.5 percent, salaries and payment for workers (23 percent) and other costs (21 percent). 

The bourse contributed 390 billion VND to the State budget, up 108 percent annually. During the year, it listed 31 stocks, 15 corporate bonds and two fund certificates. Total listed shares doubled to 6.486 billion. 

Market capitalisation neared 2.6 quadrillion VND, up more than 75 percent year-on-year, accounting for some 92 percent of the total in Vietnam and 57 percent of gross domestic product. 

The total number of shares changing hands hit 48 billion, exceeding 1 quadrillion VND.
Increasing foreign capital flows also poured into Vietnam with 26.4 trillion VND for purchase of 14.46 million shares. 

The bourse also launched nine auctions for equitisation and 23 divestments from State-owned enterprises, collecting roughly 123 trillion VND for the State budget.

Vietnamplus

Other news

Most view

Shares recover after two-day decline

Shares recover after two-day decline

Vietnamese shares rebounded on the two exchanges on Wednesday as strong buying boosted almost all local stocks following the market’s two-day decline.

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

DIG issue 14 million shares

Development Investment Construction Joint Stock Corp (DIG)’s shareholders have approved its plan to issue 14.3 million shares in the second and third quarters of 2018.