Derivatives market has not been much attractive to institutional investors. (Photo: VNA)Hanoi (VNA) – Although derivatives market has proved its role asan effective investment channel, it is still not much attractive to institutionalinvestors.
According to the Hanoi Stock Exchange, 98.7 percent of the trading volume came fromdomestic individuals in August while the participation of institutional playersjust accounted for a small percentage of 0.76.
Foreign transactions in August rose 12.4 percent from July; however, they onlymade up 0.13 percent of the total trading volume.
More than 1.8 million futures contracts were traded in the month, amonth-on-month drop of 35.67 percent. The average trading volume of the marketwas 79,539 contracts per section, down 38.47 percent from the previous month.
However, trading account number rose 9.64 percent to 43,453 accounts.
Total Open Interests (OI) declined 9.12 percent to 15,320 contracts.
With the participation of Rong Viet Securities Corporation, the derivativesmarket had ten members as of August 31.
The Hanoi Stock Exchange said that after one year of operation, the derivativesmarket has enjoyed stable growth, and become an effective risk-management tool,helping stabilise investors’ sentiment and anticipate market trends. -VNA
VNA
