Stock market gains top 12 per cent in May
The HCM City stock market gained 12.4 per cent in May, with all its indices increasing significantly, according to the Ho Chi Minh City Stock Exchange.
The benchmark VN Index finished the month at 864.47 points, the VNAllshare at 775.46 points, up 12.27 per cent, and the VN30 at 806.23 points, up 12.71 per cent.
Some sectors saw even sharper growth: materials (VNMAT) was up 21.67 per cent, finance - real estate (VNFIN) was up by 16.1 per cent and consumer goods (VNCONS) was up 14.09 per cent.
The average daily trading value and volume were VND5.73 trillion (US$246.7 million) and 314 million shares, up 36.42 per cent and 15.89 per cent from April.
Foreign investors accounted for VND33.3 trillion ($1.4 billion) or 15 per cent of total trading in the month.
The top five stocks they bought were MSN (VND2.36 trillion), VNM (VND823.67 billion), VCB (VND699.13 billion), VPB (VND408.29 billion), and PLX (VND115.46 billion).
Covered warrants saw average trading volume of nearly 7.96 million per session and value of VND8.72 billion ($373,454), an increase of 18.49 per cent and 286.91 per cent.
Market capitalisation was up 12.31 per cent to VND3 quadrillion.
By the end of May 29, there are 381 stocks, three closed-end fund certificates, four ETF certificates, 63 covered warrants and 42 bonds listed on HOSE.