Vietnam Tops Asia in Stock Inflows in Jan-Aug

Minh Anh

17:59 06/09/2017

BizLIVE - Vietnam is the only market in Asian that has lured overseas money every month this year.

Vietnam Tops Asia in Stock Inflows in Jan-Aug

A view of the headquarters of the Hochiminh Stock Exchange (HOSE). Photo: Bloomberg

The Vietnamese stock market has been the only one among Asian emerging and frontier peers that has attracted foreign inflows every month this year, data of Bloomberg showed.
Note: China is not included as July and August data are not available. Source: Bloomberg
The country’s equities are in a “sweet spot” due to falling interest rates, rising foreign direct investment, credit growth and reasonable valuations, said Thomas Hugger, chief executive officer at Asia Frontier Capital Ltd. in Hong Kong.
Its total market capitalization has grown 37% since the start of this year, buoyed by a flurry of new listings and vibrant overseas buying.
The intact buying streak of foreign players has been one of the main factors that drive up investor sentiment and help the benchmark VN Index of the Hochiminh Stock Exchange (HOSE) advance in recent months.
According to exchange data, foreign players net bought 2.54 trillion dong (nearly $112 million) worth of Vietnamese equities in August, the biggest monthly value this year. They net purchased a total of $603 million on the HOSE only in the first eight months this year.
The Vietnam Securities Depository granted a license to 312 foreign investors to trade local stocks in August, including 40 institutions and 272 individuals. To date, as many as 22,028 foreign traders, including 3,425 institutions, have been licensed.



Từ khóa: VN Index, HOSE