Nearly $1.4 billion worth of G-bonds raised in January
The figure was equivalent to 30.4 per cent of the first-quarter issuance plan and 8.21 per cent of the annual target.
Eight auctions of G-bonds were held on HNX last month. — VNA/VNS Photo
The State Treasury raised VND32.8 trillion (US$1.39 billion) worth of Government bonds, or 96.56 per cent of the total G-bonds on offer, via eight auctions on the Ha Noi Stock Exchange (HNX) during January.
The figure was equivalent to 30.4 per cent of the first-quarter issuance plan and 8.21 per cent of the annual target.
Of which, 49.74 per cent were 10-year bonds while the remainder were 15-year bonds, with respective interest rates of 4.36 per cent and 4.56 per cent. The rates are down 29 and 24 basis points from the previous auction.
On the secondary market, the trading value of G-bonds during the month reached over VND65.79 trillion, down 9.48 per cent month-on-month, with outright transaction value accounting for 53.74 per cent. The rest was traded via repurchase agreements. — VNS
Market breadth was decidedly negative, with 250 declining stocks, compared to 68 advancing. Trading value on the southern bourse increased significantly to approximately VNĐ11.2 trillion (US$440.1 million), a 49.3 per cent rise from the previous session.
The regulatory approval comes over a year after SeABank and Aeon Financial signed a capital transfer agreement for PTF, valued at VNĐ4.3 trillion (approximately US$181 million).
Despite their active participation, a large portion of these investors found themselves chasing stocks at their peak rather than succeeding in the market.
Trading liquidity plunged to approximately VNĐ7.5 trillion (US$295 million), marking a 26.5 per cent decrease compared to the previous session. This was the lowest level recorded since March 2023.
The stock market in 2024 witnessed the delisting of multiple companies, primarily due to three consecutive years of losses, or cumulative losses exceeding the actual contributed capital.