Vietnam's VN-Index topped a list of the world markets that rose the most between June 24 and July 24.
TheVN-Index was followed by other international markets such as Denmarkand the Czech Republic, according to the World Market Index (IndexQ).
TheVN-Index on the HCM Stock Exchange (HOSE) gained 7 percent during thatperiod to end at 631.26 points by the end of last week.
IndexQalso reported that the VN-Index rose the most in the last three months,with growth of 11.58 percent – more than the Chinese and Mongolianmarkets.
Since the beginning of the year, the VN-Index has grownby 15.7 percent, which doubled growth of 8.1 percent last year andmarked the third consecutive year of growth for Vietnamese securitiesmarkets.
This high growth came after the Government issuedDecree 60 on June 26 to increase foreign ownership in local companies,which then sharply raised the foreign purchasing value on the stockmarket.
During the 20 trading sessions that ended last week,foreign investors were net buyers in 17 sessions on both local bourses –the HCM Stock Exchange and Hanoi Stock Exchange.
They totaled 2trillion VND (92.04 million USD) in net buy value from June 26 to July24, including the highest value of 457.2 billion VND (20.95 million USD)on June 26 – the first trading session after the decree was issued.
Onaverage, foreign investors recorded a daily net buy value of 100.4billion VND (4.6 million USD) during this period, 2.5 times the valuerecorded in the first six months.
Last week, HOSE marked itsfifteenth year of operation, during which increasing foreign investmenthas helped improve the status of Vietnam's securities market,represented by the VN-Index.
By the end of June, there were 303companies on HOSE, with a total market capitalisation of more than 1,100trillion VND (500.5 billion USD), 87 member securities companies and1.5 million investors.
Last year daily transactions performedthrough HOSE were valued at more than 2.1 trillion VND (96.3 millionUSD), representing 77 percent, or the combined figure of exchanges inHCM City and Hanoi.-VNA
TheVN-Index was followed by other international markets such as Denmarkand the Czech Republic, according to the World Market Index (IndexQ).
TheVN-Index on the HCM Stock Exchange (HOSE) gained 7 percent during thatperiod to end at 631.26 points by the end of last week.
IndexQalso reported that the VN-Index rose the most in the last three months,with growth of 11.58 percent – more than the Chinese and Mongolianmarkets.
Since the beginning of the year, the VN-Index has grownby 15.7 percent, which doubled growth of 8.1 percent last year andmarked the third consecutive year of growth for Vietnamese securitiesmarkets.
This high growth came after the Government issuedDecree 60 on June 26 to increase foreign ownership in local companies,which then sharply raised the foreign purchasing value on the stockmarket.
During the 20 trading sessions that ended last week,foreign investors were net buyers in 17 sessions on both local bourses –the HCM Stock Exchange and Hanoi Stock Exchange.
They totaled 2trillion VND (92.04 million USD) in net buy value from June 26 to July24, including the highest value of 457.2 billion VND (20.95 million USD)on June 26 – the first trading session after the decree was issued.
Onaverage, foreign investors recorded a daily net buy value of 100.4billion VND (4.6 million USD) during this period, 2.5 times the valuerecorded in the first six months.
Last week, HOSE marked itsfifteenth year of operation, during which increasing foreign investmenthas helped improve the status of Vietnam's securities market,represented by the VN-Index.
By the end of June, there were 303companies on HOSE, with a total market capitalisation of more than 1,100trillion VND (500.5 billion USD), 87 member securities companies and1.5 million investors.
Last year daily transactions performedthrough HOSE were valued at more than 2.1 trillion VND (96.3 millionUSD), representing 77 percent, or the combined figure of exchanges inHCM City and Hanoi.-VNA
