Topic: stock

Experts weigh in on recent market dynamics and the delayed KRX system, while cautious optimism prevails amidst lingering concerns.

Total number of accounts held by domestic individual investors now stands at 7.35 million.

Drastic solutions needed to promote the sustainable development of Vietnam’s stock market.

The Ministry of Finance (MoF) has said that collecting information on businesses using trading apps on mobile phones to support investment in financial products is quite difficult. Investors need to carefully research information about mobilizing organizations and ask partners to provide legal documents before making an investment, such as establishment and operational licenses, business lines, and so on. MoF suggested that investors research information on securities companies, fund management companies, and securities investment funds on the website of the State Securities Commission (SSC).

In a recent letter to investors, Mr. Petri Deryng, Head of the PYN Elite Fund, shared his investment experience and said he believes that healthy economic development and sustainable income prospects will drive Vietnam’s stock market to recover quickly, once the uncertainty subsides. Data from PYN Elite shows that emerging economies, whose stocks are not overvalued but affected by weak global market sentiment, can quickly recover from shocks.

Positive inner-strength will be a driving force supporting the stock market in September, according to Rong Viet Securities (VDSC). It said that Vietnam’s macro data is stronger than expected and regulators are implementing measures to boost transactions in the stock market. In the short term, investors should pay attention to oil and gas stocks and others in industries such as banking, food & beverages, and retail.

SGI Capital reports that Vietnam joined other ASEAN countries and India in terms of good stock market performance in August.

The BIDV Securities Company (BSC) has forecast two scenarios for Vietnam’s stock market in September. Under the first, the VN-Index will balance out at 1,270-1,280 points, moving towards 1,300-1,320 points as liquidity improves and positive sentiment spreads through the market. The Ho Chi Minh Stock Exchange (HoSE) allowing the trading of odd lots from September 2 will also have a positive effect on the market. The second scenario will happen if developed economies show signs of recession and negative sentiment appears, with the VN-Index forecast at around 1,240-1,250 points.

Figures from VnDirect show that the VN-Index increased 6.3 per cent in August; higher than most countries in the region. It has, however, fallen by 14.4 per cent since the beginning of the year, but this has still surpassed the MSCI emerging market index.

Speaking at the recent “New order in the real estate market in Vietnam” talkshow, Mr. Huynh Minh Tuan, Founder of FIDT and Brokerage Director at Mirae Asset Vietnam Securities Office, said changes in the legal structure for capitalization will create positivity in the market, and those that embrace it will thrive.