SSI’s Vietnam Long-term Growth Fund to list next week
SSI Asset Management Company’s Vietnam Long-term Growth Fund has received the registration certificate from the State Securities Commission and will list on December 13.
Vietnam Long-term Growth Fund will start trading on December 13. — Photo courtesy of SSI
SSI Asset Management Company’s Vietnam Long-term Growth Fund has received the registration certificate from the State Securities Commission and will list on December 13.
The objective of the fund is to generate steady returns over the long term by investing in high-quality stocks in key industries like consumer goods, retail, banking, real estate, and logistics.
Its IPO from October 27 to November 16 raised nearly VND149 billion (US$6.47 million).
Investors can track the fund at online.ssiam.com.vn or the SSIAM OTG app. — 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.