Stock market capitalization equivalent to 79.3 percent GDP

Stock market capitalization equivalent to 79.3 percent GDP

Positive changes in the stock market in the first two months this year have helped capitalization top VND3,970 trillion (US$174.34 billion), up 13 percent over last yearend and equivalent to 79.3 percent Gross Domestic Product (GDP),  reported by State Securities Commission of Vietnam (SSC).

An investor at Saigon Securities Inc’s trading office in Hanoi (Photo: VNS Photo)

Shares rebound as investors bargain-hunt

Vietnamese shares posted a strong comeback on Wednesday as investors were calmed by market regulators and bottom-fishing was triggered for worst-hit companies during the previous two-day collapse.