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| The HCM City-based VN-Index has risen 3.9 per cent so far this year while Ha Noi's HNX-Index has fallen 5.1 per cent. — Photo vneconomy.vn |
HA NOI (Biz Hub) — The domestic stock market has had a "relatively stable performance" this year, said State Securities Commission Chairman Vu Bang.
The HCM City-based VN-Index has risen 3.9 per cent so far this year while Ha Noi's HNX-Index has fallen 5.1 per cent.
Bang told a meeting of the commission late last week that the local market capitalisation had reached about VND1.33 quadrillion (US$59 billion), equivalent to 34 per cent of the country's gross domestic product.
As of December, there were 682 shares and fund certificates on the HCM City and Ha Noi exchanges, with a combined face value of some VND528 trillion ($23.5 billion), up 24 per cent over last year.
Bonds listed on the exchanges reached 571 codes, with a total value of VND709 trillion ($31.5 billion), a rise of 5 per cent from last year's figure.
This year, share and fund certificate transactions averaged VND5 trillion ($220 million) per day, while an average VND2.5 trillion ($110 million) worth of bonds were traded per day.
In production and business activities, the total revenue that the listed companies obtained during the first nine months of this year increased 5.9 per cent over the same period last year, while their nine-month after-tax profits grew by 17.5 per cent year-on-year.
In the first 10 months, investors' portfolios in the domestic stock market totaled $15.2 billion, an increase of 12.5 per cent over the end of last year.
Bang said the restructuring of the stock market had been impulsed in 2015. There were now 81 securities companies in operation, a decrease of 23 per cent over last year's number.
Thre were 1.5 million investor accounts, increasing 7 per cent compared to that of 2014. Foreign investor accounts alone reached more than 17,600, a year-on-year rise of 5.4 per cent.
This year, the two local exchanges witnessed 47 more companies listing shares, 253 firms supplementing listed share volumes, and 33 enterprises de-listing from the bourses.
Seventy-two more firms listed shares on the unlisted public company market (UPCoM), raising the number of companies listing shares on this market to 243 in 2015. The shares had a total value of roughly VND47.6 trillion ($2.1 billion), up 97 per cent over 2014.
Bang said the State Securities Commission would continue to restructure the market, promote transparency and develop new products for the local exchange next year. It would prepare to run a new market for securities derivatives, he said. — VNS