Việt Nam’s stock exchange is poised to take its next step forward with the opening of the derivates market next month. This is expected to help investors hedge against risks and increase their confidence in the local securities market. Nguyễn Thành Long, Chairman of the Hà Nội Stock Exchange, speaks to Vietnam News Agency about the market’s preparations and expectations.
Shares advanced for a second session in both local markets on Wednesday as investor confidence was bolstered by higher crude prices.
A derivatives market, which will start operations in August, is expected to draw more capital to the Vietnamese securities market for the rest of this year, experts told a seminar in HCM City last Saturday.
Sài Gòn Securities Inc (SSI) was the top brokerage by market share on the HCM Stock Exchange in the second quarter.
The benchmark VN-Index surpassed the short-term resistance of 780 points on Thursday, closing up 0.56 per cent at 782.65 points, thanks to strong investor confidence in the market outlook.
Expectations of positive corporate earnings reports will lead Vietnamese shares up this week, especially financial-banking stocks, analysts say.
Vietnamese shares extended gains for a third day in both local markets on Friday, boosted by high investor expectations for good corporate second quarter earnings reports.
Vietnamese shares extended gains for a second session in both local markets on Thursday, driven by the financial sector.
Shares advanced on both local markets on Monday as investor confidence was bolstered by positive business news from listed companies.