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New Regulations Issued on Securities Margin Trading VN Stocks to Rise On Stock market New regulations issued on securities margin trading 06/Feb/2017 Intellasia | Bizhub The State Securities Commission (SSC) has issued new regulations on which Unlisted Public Company Market (UPCoM) shares on the Premium list will be allowed for margin trading from April this year. This decision will replace existing regulations on securities margin transactions. Margin trading allows investors to buy more stock than they would be able to normally. Under the new rules, shares on the UPCoM (under the UPCoM Premium list) will be eligible for margin trading purchases. The old regulations defined securities on the UPCoM as unapproved for margin trading. It means about 80 shares registered for trading under the UPCoM Premium list which meet the conditions for margin trading will be eligible for margin purchases. However, this regulation needs approval from the Hanoi Stock Exchange which operates and manages the UPCoM. The new decision defines securities eligible for margin trading as those which comprise shares and investment fund certificates listed for trading for at least six months up to the time of announcement of the list of approved securities. According to the draft decision in September last year, securities with total listing time of three months are qualified for margin trading transactions. This period was said to be suitable as the number of new listings on the two exchanges is rising rapidly. Under the new rules, shares of companies which violate information disclosure and tax regulations and have financial reports not fully accepted by auditors are not eligible for margin trading. The SSC also added time limits for companies to publish their financial statements to be eligible for securities margin trading. Margin ratio is the ratio of equity over total assets in a margin trading account at market value. The initial margin ratio - a portion of the purchase price that investors have to deposit - is regulated by securities companies but must be at least 50 per cent of the purchase price. The maintenance margin ration which is the minimum account balance that investors must maintain must be 30 per cent at the minimum. Other regulations on limits on financing margin trading applied for broker companies were kept unchanged. The new decision will take effect on April 1, 2017. http://bizhub.vn/markets/new-regulations-issued-on-securities-margin-trading_283928.html VN stocks to rise on lunar year optimism 06/Feb/2017 Intellasia | Bizhub Shares may continue rising this week as investor confidence increases at the beginning of the lunar year, analysts say. Banking stocks are expected to take the lead with investors expecting improvements in the sector, they add. The benchmark VN Index on the HCM Stock Exchange on Friday fell 0.4 per cent to end last week at 700.35 points, after rallying 3 per cent in the previous five sessions to reach a nine-year high of 703.18 points on Thursday. At the Hanoi Stock Exchange, the HNX Index rallied for a fourth day, increasing 0.5 per cent to end at 85.03 points. The northern market index has moved up 2.4 per cent in the last four sessions. Investor sentiment is often high at the beginning of the lunar year, and this will be an important factor that could lift the market, as seen in the five consecutive days ending Friday. "Positive investor sentiment at the beginning of the lunar year will help increase investment in the stock market, especially when the resistance range of 690-700 points has been surpassed for the first time since September 2016," said Phan Dung Khanh, head of the investment consultancy at Maybank Kim Eng Securities Co Ltd Before the Tet (Lunar New Year) holiday, the VN Index had crossed the 690 point level, and the nine- year high was reached after the market returned from a one-week break. This caused both regret and excitement among investors because they had pulled out of the stock market during the pre-Tet holiday period, missing the opportunity to participate in the market's improvement, Khanh said. The stock market will also be lifted by investor expectations of government policies to support the economy and businesses, along with the release of companies' earnings reports, and by large-cap groups that are preparing to be traded on the stock market, he added. The VN Index corrected itself on Friday after a five-day rally. According to Vu Minh Duc, head of individual customer analysis at Viet Capital Securities Company, the correction on Friday was a must-decline session so that the VN Index can continue increasing in the near future. More specifically, the benchmark index might decline during some of the first trading days this week to test the support range of 695-700 points, then increase to the middle-term resistance level of 740-750 points within months, he said. Banks will lead the market in the coming week, and this year, as investors are counting on the restructuring plan for the entire banking system, as well as on the possibility of a policy that allows banks to lift the bar for foreign investment this year, as prime minister Nguyen Xuan Phuc told Bloomberg TV in January, Duc said. Bank stocks, such as Vietcombank (VCB), BIDV (BID) and Vietinbank (CTG), weigh heavily on the market, as do other blue chip firms including dairy producer Vinamilk (VNM) and brewer Sabeco (SAB). While the price-to-earnings ratios of the large-cap bank stocks are lower than that of the latter, it also means the potential for bank stocks to grow is quite high, Duc said. Investors may also take earnings reports of listed companies into account this week, according to Nguyen Ngoc Lan, head of the broker division at Agribank Securities Company. Companies that saw yearly increases in their earnings for 2016 include dairy producer Vinamilk, steelmaker Hoa Phat Group (HPG), real estate group FLC (FLC) and Faros Construction Corp (ROS). http://bizhub.vn/markets/vn-stocks-to-rise-on-lunar-year-optimism_283927.html VN Index retreats from 9-year high 06/Feb/2017 Intellasia | VNA The VN Index on the HCM Stock Exchange on February 3 retreated from its nine-year high as investors tried to take profits from stocks' recent good gains. The benchmark index was down 0.4 percent to close at 700.35 points. It had rallied total 3 percent in the previous five sessions to touch a nine-year high of 703.18 points on February 2. Trading market liquidity increased slightly from the previous trading day with more than 124.6 million shares being traded, worth 2.39 trillion VND (106.34 million USD). The performance of the banking sector was negative as most listed banks on the southern bourse saw their values decline during the session while only Eximbank (EIB) maintained its upward trend, rising 6.3 percent to total a four-day jump of 15 percent. Vietcombank (VCB) fell 1.9 percent from a four-day increase of 3.8 percent, Vietinbank (CTG) lost 1.3 percent after rising 8.1 percent in the previous six sessions, and MBBank (MBB) edged down 0.4 percent following its three-day gain of 2.9 percent. Other blue chips such as PetroVietnam Gas Corp (GAS) and property developer Vingroup (VIC) also ended in the red on profit-taking. These two stocks ended down 1.2 percent each. GAS had gained 5.4 percent in the previous seven days. On the opposite side, some companies with impressive earnings reports for 2016 helped the southern bourse avoid falling further, including property firm FLC Group (FLC) and Faros Construction Corp (ROS). FLC reached its daily price increase limit of 7 percent after reporting total revenue of 6.34 trillion VND, up 19.2 percent from 2015, and total post-tax profit of 987 billion VND, up 9.6 percent year-on-year. On the Hanoi Stock Exchange, the HNX Index rallied for a fourth day, increasing 0.5 percent to end at 85.03 points. The northern market index has moved up total 2.4 percent in the last four sessions. Market trading liquidity on the northern bourse increased sharply from February 2 with more than 28.5 million shares being traded, worth 259.6 billion VND. http://en.vietnamplus.vn/vn-index-retreats-from-9year-high/106719.vnp All market indexes down 07/Feb/2017 Intellasia | Vneconomic Times On the HSX, the VN Index decreased by 0.31 points (0.04 per cent) while all other main indexes in the market finished higher. The VN30-Index gained 2.85 points (0.44 per cent), the VNMid- Index moved up by 1.87 points (0.23 per cent), and the VNSml-Index went up by 0.71 points (0.09 per cent). On the HNX, the HNX-Index decreased by 0.07 points (0.08 per cent) while the HNX30-Index gained 1.11 points (0.73 per cent). The UPCoM-Index fell down 0.62 points (1.12 per cent) and the VNALL-Index gained 2.52 points (0.26 per cent) HSX saw a 158-point increase then a 130-point decrease while the HNX saw a 101-point increase and an 85-point decrease. Liquidity on the HSX reached VND2.21 trillion ($97.81 million) which was more or less the same as last Friday's trading, while the HNX saw VND370 billion ($16.37) liquidity, and an increase of 52 per cent. The VN Index opened at 700.35 points and increased to the highest points of the day in the beginning which was 701.3 points before it tumbled to the bottom at 697 points.
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