The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) set a new record high on November 8 morning, inching up 7.89 points to hit 1,464.4 points on the back of oil, insurance, securities, real estate and retail stocks.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) reached a historic peak on the October 27 trading session, with cash flow increasing strongly and foreign investors returning to net buying trillions of VND after a period of consecutive net selling.
Even though the stock market has been vibrant and booming, investors are choosing to ignore and overlook many stocks, despite their value. Investors are seemingly aware that these stocks are more or less defunct, having almost no liquidity to back them up.
Commercial banks have been rushing to list shares on the stock exchange, not only because of the D-day but also because the wave of king stocks has returned. Many banking stocks have risen by 30-50 percent, and some stocks even have risen by 100 percent compared to the beginning of the year, prompting bank owners to take the opportunity to put their shares on the market.