HOSE liquidity up 74 percent in 2017

Liquidity at the Ho Chi Minh City Stock Exchange (HOSE) has risen, with more than 192 million shares worth 4.2 trillion VND (186.7 million USD) being traded daily in 2017, up 49 percent in volume and 74 percent in value year-on-year. 


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In its annual report, HOSE said its 2017 revenue surged 68 percent to 828 billion VND, from professional activities (89 percent), services (6 percent) and financial activities (5 percent). 

Market monitor expenses accounted for 34.5 percent, salaries and payment for workers (23 percent) and other costs (21 percent). 

The bourse contributed 390 billion VND to the State budget, up 108 percent annually. During the year, it listed 31 stocks, 15 corporate bonds and two fund certificates. Total listed shares doubled to 6.486 billion. 

Market capitalisation neared 2.6 quadrillion VND, up more than 75 percent year-on-year, accounting for some 92 percent of the total in Vietnam and 57 percent of gross domestic product. 

The total number of shares changing hands hit 48 billion, exceeding 1 quadrillion VND.

Increasing foreign capital flows also poured into Vietnam with 26.4 trillion VND for purchase of 14.46 million shares. 

The bourse also launched nine auctions for equitisation and 23 divestments from State-owned enterprises, collecting roughly 123 trillion VND for the State budget.-VNA

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