Stock analysts remain cautious on the market outlook this week in the context of a deficiency in supporting information as well as the weakening participation of foreign traders.
Vietnamese shares have had a rough losing week and the next five trading sessions at least are likely to trade negatively, according to analysts and brokerage companies.
Vietnamese shares extended losses for a fourth session on Friday as investors acted cautiously following the market’s recent downturn.
Deputy Prime Minister Vương Đình Huệ pressed the button to launch the derivatives market on Thursday, marking an important milestone in the development of Việt Nam’s securities market.
Vietnamese shares fell slightly on both local markets on Tuesday as investors tried to take profits from the exchanges’ three-day rallies.
Việt Nam’s derivatives market will start official operations on August 10 with the VN30-Index futures contract set to launch first.
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.
The Hà Nội Stock Exchange (HNX) will organise a pilot trading session on Wednesday to test and demonstrate the trading system of the derivatives market.
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.