Let's have a quick look at the first half of September on the Vietnamese stock markets. After a start of the month where indexes fell by up to 2.5%, the trend completely changed and the indexes now show monthly gains. In fact, as of today the HNX index is up by 1.7% while the HOSE index shows 1.3% monthly gains. It is seldom and hence worth noticing that the HNX index currently slightly outperforms HOSE index. When taking a longer horizon and looking at the year to date perfo

For most of the start of the month, both Hanoi and Ho Chi Minh indexes have fallen synchronously. However, over the recent couple of days the two indexes have taken different paths once again and as usual (or at least this is what has happened over the last couple of years now) the HOSE index has outperformed Hanoi’s index. You can see the orange line crossing over the blue one over the last two days in our below graph. At Anh Thomas, we believe that the HNX index has more po

July has been a contrasted month for the Vietnamese stock markets. After three consecutive months of fall, the HOSE index has rebounded with a solid monthly performance. the Hanoi Stock Exchange performance was far less impressive with a monthly gain slightly inferior to 1%. This performance difference between the two indexes can be explained by the fact that in the first half of the year roughly two-thirds of the earnings were contributed by large-cap firms and that most lar

A quick look at the main Vietnamese indexes performance since the beginning of July. As you can see in our chart, volatility is still strong. Over the last couple of days, many large stocks have suffered rather important losses; a trend that started in April this year. The main indexes are well down so far in July. Indeed, as of July the 13th, HOSE index is up by 5.3% and HNX index is down by a more modest but still substantial 3.4%. #HNXindex #HOSEindex #Vietnamesestocks #Vi

The first half of March is already gone and the Vietnamese main indexes are up over the last 15 days. Although implied volatility is at relatively high level, it’s important to keep in mind that stock market volatility shouldn't concern too much long-term investors. HNX index is up 2.5% and HOSE index up 1.5%. Since the start of the year, both indexes are up with a +12.3% performance for HNX index and +15.7% for HOSE index. #HNXindex #HOSEindex