Mr. Pham Ngoc Bich
"In the future, the market will disperse into the medium cap stocks and small. As such, investors will pay more attention to the HNX 30, "said Pham Ngoc Bich, Director of Customer Development organization Saigon Securities (SSI), Council Member 30 HNX comment.
Sir, what are the highlights of HNX 30 after nearly 1 year in operation?
We can say, HNX 30 met the needs of investors in an index representing the activity of the Hanoi Stock Exchange (HNX). Specifically, the proportion of the value of a basket of stocks HNX 30 from early 2013 until now, according to the HNX, reaching 60-80% of the total transaction value of stocks listed on the exchange. While the value of the shares traded in the basket VN 30 was only 55% of the total value traded on the HOSE. Thus, the initial goal when put on the HNX 30 operators representing transactions of all listed shares on the northern bourse gained.
30 The index is the first step of developing a roadmap will include only the bond index, the sector index, the Large Cap, Mid Cap and Small Cap, to meet the needs of an index standards in the management of equity funds and bond funds in Vietnam, as well as the need to refer to the statistical fluctuations and profitability of the stocks in the industry and in the context of different macro.
As a council member, VN 30 and HNX 30, he recognizes the strengths and weaknesses of the two indices with this?
HNX 30 Baskets include stocks with guidance on HNX, while the majority of shares listed on the smaller scale of listed stocks on HOSE. Since early this year, the blue-chip stocks and large-cap listed on the HOSE stronger pace of recovery of listed shares on HNX. So, VN 30 has attracted the attention of investors than the HNX 30.
However, in the future, the market will disperse into the medium cap stocks and small. As such, investors will pay more attention to the HNX 30.
He recognizes what about investment trends in Vietnam stock market index?
Around the world, in recent years, individual investors tend to invest in ETFs simulate the index of shares listed on the stock exchanges in developed countries and emerging countries such as Vietnam . ETFs are investment tools simple, easy to understand, with high liquidity and low management costs, should have attracted the interest of many investors around the world. Similarly, investors in Vietnam are being attracted by the ETF investment products.
To pave the way for the development of these products, the Ministry of Finance issued Circular 229/2012/TT-BTC established guidelines and fund management portfolio swaps (ETF), with effect from 1/9 / in 2013. It is expected that by the end of 2013, there will be a number of fund management companies to deploy the first ETF shares in Vietnam. These funds will simulate the index by HOSE, HNX and management development.
With the trend of investing in such Index, according to him, the authorities, organizations need to prioritize markets made solutions to better meet the investment needs of investors and improve liquidity the market?
Investors around the world have favored trend in the ETF trading simulated stock indexes of the emerging market, the stock market index representing Vietnam will be the fund management companies choose to only care reference number for the ETF. Investors will have more options for both HOSE and HNX and will provide separate indices representing the shares listed on 2 different floors.
For more convenience to the investors as well as foreign countries, thereby, improve market liquidity, HOSE and HNX should cooperate to build a single index to represent all shares listed on the Vietnam's stock market
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