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ToggleFebruary was a fairly slow month on the Ho Chi Minh City Stock Exchange with five public holidays for the Lunar New Year. That is not to mention that February is already a shorter month than usual.
That said, it was announced that the Vietnam Stock Exchange–the overarching body managing the Hanoi and Ho Chi Minh City Stock Exchanges–reported revenue of just US$78.26 million in 2023, a fall of 44 percent over 2022.
Of that revenue, the Ho Chi Minh City Stock Exchange generated VND 1.39 trillion (US$56.5 million) and the Hanoi Stock Exchange generated VND 462 billion (US$18.8 million).
This reflects a challenging year in 2023 on the back of a general downturn in the economy. Notably, the number of IPOs was relatively low–by the middle of November there had been just three. The bond market was also frozen for the first three months of the year on the back of enhanced listing regulations and there was also a strong pull back from foreign firms which net-withdrew over US$1 billion from the HoSE over the course of the year.
All of that said, the first couple of months of 2024 have appeared a little more positive. The VN-Index, Vietnam’s most widely reported index (see also: Vietnam Stock Market Indexes 2024), closed out 2023 at 1,131.72 points but by the end of February at 1,252.73 a gain of 121.01 points–more than 10 percent.
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VN-Index, historic data, February 2024
Date | Last | Open | High | Low | Change % |
29/02 | 1,252.73 | 1,254.55 | 1,264.39 | 1,247.70 | -0.15% |
28/02 | 1,254.55 | 1,237.46 | 1,254.55 | 1,236.32 | 1.38% |
27/02 | 1,237.46 | 1,224.17 | 1,237.60 | 1,224.17 | 1.09% |
26/02 | 1,224.17 | 1,212.00 | 1,225.21 | 1,210.52 | 1.00% |
23/02 | 1,212.00 | 1,227.31 | 1,240.81 | 1,211.55 | -1.25% |
22/02 | 1,227.31 | 1,230.04 | 1,232.09 | 1,226.15 | -0.22% |
21/02 | 1,230.04 | 1,230.06 | 1,234.22 | 1,222.92 | 0.00% |
20/02 | 1,230.06 | 1,224.97 | 1,230.47 | 1,222.66 | 0.42% |
19/02 | 1,224.97 | 1,209.70 | 1,225.48 | 1,209.70 | 1.26% |
16/02 | 1,209.70 | 1,202.50 | 1,210.25 | 1,202.50 | 0.60% |
15/02 | 1,202.50 | 1,203.08 | 1,207.56 | 1,198.81 | 0.33% |
07/02 | 1,198.53 | 1,188.48 | 1,199.52 | 1,188.48 | 0.85% |
06/02 | 1,188.48 | 1,186.06 | 1,190.92 | 1,185.68 | 0.20% |
05/02 | 1,186.06 | 1,172.55 | 1,188.45 | 1,172.55 | 1.15% |
02/02 | 1,172.55 | 1,173.02 | 1,178.27 | 1,169.70 | -0.04% |
01/02 | 1,173.02 | 1,164.31 | 1,174.50 | 1,162.45 | 0.75% |
Foreign investor trades on HoSE, February 2024
Buy | Sell | Change | ||||
Date | VND | US$ | VND | US$ | VND | US$ |
1/2 | 1,548 | $62,707,622 | 1,465 | $59,345,392 | 83 | $3,362,230 |
2/2 | 1,490 | $60,358,112 | 1,698 | $68,783,942 | -208 | -$8,425,830 |
5/2 | 1,572 | $63,679,834 | 1,516 | $61,411,341 | 56 | $2,268,493 |
6/2 | 1,474 | $59,709,971 | 1,882 | $76,237,562 | -408 | -$16,527,590 |
7/2 | 1,161 | $47,030,717 | 1,169 | $47,354,787 | -8 | -$324,070 |
15/2 | 1,672 | $67,730,714 | 1,998 | $80,936,582 | -326 | -$13,205,869 |
16/2 | 1,187 | $48,083,946 | 1,587 | $64,287,466 | -400 | -$16,203,520 |
19/2 | 1,874 | $75,913,491 | 1,737 | $70,363,786 | 137 | $5,549,706 |
20/2 | 2,649 | $107,307,811 | 2,525 | $102,284,720 | 124 | $5,023,091 |
21/2 | 2,016 | $81,665,741 | 2,026 | $82,070,829 | -10 | -$405,088 |
22/2 | 1,112 | $45,045,786 | 2,053 | $83,164,566 | -941 | -$38,118,781 |
23/2 | 1,856 | $75,184,333 | 2,631 | $106,578,653 | -775 | -$31,394,320 |
26/2 | 1,791 | $72,551,261 | 1,759 | $71,254,979 | 32 | $1,296,282 |
27/2 | 2,695 | $109,171,216 | 2,651 | $107,388,829 | 44 | $1,782,387 |
28/2 | 2,213 | $89,645,974 | 1,992 | $80,693,530 | 221 | $8,952,445 |
29/2 | 2,532 | $102,568,282 | 2,919 | $118,245,187 | -387 | -$15,676,906 |
Total | 28,842 | $1,168,354,810 | 31,608 | $1,280,402,150 | -2,766 | -$112,047,341 |