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Update news stock market
Although market regulators detect many violations on the stock market, the penalties are often not proportionate to the profit, and so are of little deterrent to would-be rule-breakers.
As the buoyant and robust inflows to Vietnam’s stock sector are predicted to stay steadfast in 2022, local and foreign-backed securities firms are battling with one another to capture a larger chunk of the market.
The Vietnamese stock market has witnessed drastic changes in both quality and quantity in 2021 and the trend will continue this year, BIDV Securities Company said in a recent report.
In December 2021, the market benchmark VN-Index could have surpassed 1,498 points if it were not affected by the holiday, Dragon Capital said in a recent report.
More securities firms are weighing over going on the bourse to best avail of market appeal, as well as replenish their capital sources.
During the last trading sessions of 2021, the stock market was not particularly active. The effect was being felt of unfavorable news on the macro, the most notable of which was the GDP growth of the whole year at only 2.58%.
An unreported transaction made by Trinh Van Quyet, Chair of FLC Group, worth VND1.6-1.8 trillion on January 10 has been canceled as he did not report the deal.
The State Securities Commission (SSC) has released a notice about a stock transaction without a report from Trinh Van Quyet, President of FLC Group.
Although Vietnam is placing great emphasis on the technology sector, the growth of technology stocks on the stock market is still modest compared to their potential.
Market capitalisation on the Ho Chi Minh Stock Exchange (HOSE) rose more than 42% year-on-year to VND5.8 quadrillion (US$254.83 billion) by the end of 2021, accounting for 92.77% of the previous year’s GDP.
The Vietnamese stock market is expected to make a remarkably strong recovery in 2022, fueled by expectations of a period of strong growth after vaccines are widely distributed and the economy fully reopens.
Closing the final trading session of 2021 today, December 31, the VN-Index of the Hochiminh Stock Exchange gained 12.31 points, extending its rally for the second day, as many big-cap stocks moved into positive territory.
News about the commencement of 12 projects along the North-South expressway in 2022 is considered to be the main driving force for the construction materials group, including steel, stone and asphalt.
As of December 30, five out of the best growth stocks in Vietnam have seen increases of more than 1,000 percent in value, with one even reaching an over 2,000 percent rise.
The year 2021 witnessed many fluctuations in the economy, in general, and the stock market in particular. The Securities Journalists Club has held an annual announcement of ten securities events in 2021.
Covid-19 posed difficulties to many people in 2021, but not to securities investors. They earned big money as the VN Index climbed to new highs.
Even though the average price of oil is unlikely to reach US$100 a barrel in 2022, it may hover above the break-even price of exploitation in Vietnam, which is around $60 per barrel.
The stock market has set records in terms of scores, liquidity and the number of new accounts this year, as investors have seen it a shelter amid complex developments of the COVID-19 pandemic.
The outlook of coal-fired power and renewable energy groups in 2022 is positive, especially coal-fired power plants in the north as they may benefit from water shortages in the coming months.
The growth of the stock market since mid-2020, especially in 2021, has boosted investors' demand for margin lending.