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HO CHI MINH CITY / WAM
Vietnam’s stock market is witnessing the fastest and strongest recovery since the beginning of this year, as the VN-Index has surpassed the threshold of 1,200 points, state news agency (VNA) reported. Most stocks have risen significantly compared to the end of 2022, and the list of enterprises with a capitalisation over $10 billion expanded.
At the end of the last trading session of July, the VN-Index reached 1,222.9 points, an increase of 9.17% compared to a month earlier and 21.43% compared to the end of 2022. VN All share reached 1,206.52 points, up 10.07% from June 2023 and 24.30% from the end of 2022; VN30 reached 1,230.81 points, up 9.59% compared to June 2023 and 22.45% to the end of 2022.
In July, industry indexes recorded growth; some industries gained the highest points in the month, including consumer goods (VNCOND) with an increase of 16.28%; information and technology (VNIT) 14.91%; and real estate (VNREAL) 14.45% compared to June.
The stock market liquidity in July recorded an average trading volume of over 875.52 million shares and an average trading value of 18.269 trillion VND ($770 million), down 0.23% in average volume and up 8.17% in average value compared to June 2023.
As of July 31, there were 545 listed securities codes on Ho Chi Minh City Stock Exchange (HOSE) including 393 stocks, the closed-end fund certificates, 13 ETF certificates, and 136 covered warrants. The total volume of listed shares reached over 143.36 billion. The market capitalisation topped 4,870 trillion VND, up 9.11% from the previous month, accounting for more than 94.24% of the total market capitalisation and equivalent to 51.23% of GDP in 2022 (GDP at current prices).
Notably, by the end of July 2023, on HOSE, there were 43 enterprises with a market capitalisation of more than $1 billion. Particularly, three have capitalisation of over $10 billion, namely the Vietnam Joint Stock Commercial Bank for Foreign Trade (VCB), the Vinhomes Joint Stock Company (VHM), and the Joint Stock Commercial Bank for Investment and Development of Vietnam (BID).