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A quick look at the first half of September on the Vietnamese stock markets

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 performance, we can see a massive difference in performances between the two main Vietnamese indexes. The Hose index is in fact up by 10.5% since the start of the year while the HNX index is actually still down with an annual loss of 0.2%.

It seems that the fact that the HOSE index comprises larger companies than the HNX index still plays a major role in the performance differential. Large investors and funds tend to focus their investments in these larges stocks. It could however be argued that more upward potential can be found in the Hanoi stock exchange nowadays.

#monthlyperformance #Vietnamesestockmarkets #Vietnamesemarkets #Vietnamshares #HNXindex #HOSEindex

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