Việt Nam’s stock market has kept its nose ahead in 2016 despite several negative impacts of international events. The 10 biggest events on the securities market in 2016 were announced yesterday.

Shares bounced back on the two local exchanges yesterday from a five-day losing streak, driven by the energy sector following a rebound in oil prices.

Shares dropped for a fifth day on the two local exchanges yesterday, driven by energy stocks following another drop in oil prices while investors remained cautious after a four-day losing streak.

Vietnamese shares yesterday managed to decline at a slower pace as slight recovery of energy stocks helped offset losses made by blue chips on a strong selling trend.

The HCM Stock Exchange (HOSE) and the Hà Nội Stock Exchange (HNX) have founded the Việt Nam Securities Market Index Council and issued a regulation on the Commission’s operation and missions.

HCM City and Hà Nội stock exchanges will launch a common index in October, financial news website ndh.vn reported, citing a southern bourse's report.

With the combined market capitalisation of all listed companies accounting for less than 30 per cent of the country’s GDP, the Vietnamese securities market has plenty of room to grow, Trần Anh Đào, deputy director of the HCM City Stock Exchange (HOSE), said yesterday.

Việt Nam’s two stock bourses yesterday agreed to jointly build a common index as a step towards developing the country’s securities market.