HOSE announces outstanding members at a New Year trading session in the southern city on February 15 (Source :vietstock.vn)HCM City (VNA) - The Ho Chi Minh Stock Exchange (HOSE) announced 2015’s outstanding security member companies at a New Year trading session in the southern city on February 15.
Chairman of the municipal People’s Committee Nguyen Thanh Phong praised the HOSE’s remarkable achievements in the fields of trading, liquidity and infrastructure.
He said after 15 years of development, the HOSE has proved the significant role of the stock market, contributing to the stable and sustainable development of Vietnam’s stock market and the city’s financial market.
At the event, the HOSE honoured outstanding stock firms in 2015 in several categories, such as best stock and bond intermediaries.
HOSE Board of Directors Chairman Tran Khac Sinh said the country’s stock market prospered in 2015 with market capitalization of 1,360 trillion VND (61.2 trillion USD), up 17 percent compared with the end of 2014, or 34.5 percent of GDP.
The total capital mobilisation through stock tender and additional stock issue activities was estimated at 300 trillion VND (13.5 billion USD). It rose 7 percent compared with 2014.
Late last month, the HOSE announced its Global Industry Classification Standards (GICS), an international standard developed by MSCI (Morgan Stanley Capital Investments) and S&P Dow Jones Indexes, to provide an effective, detailed and flexible tool for investors to record rapid changes in separate fields.
The application of the GICS is expected to help the Vietnamese stock market become more global, enabling investors – especially foreign ones – to enter Vietnam and diversify their investment projects.-VNA
