Market capitalisation on HOSE hits nearly 93 percent of GDP

Screen displays stock prices on the HOSE (Photo: VNA)

HCM City – Market capitalisation on the Ho Chi Minh Stock Exchange (HOSE) rose more than 42 percent year-on-year to 5.8 quadrillion VND (254.83 billion USD) by the end of 2021, accounting for 92.77 percent of the previous year’s GDP.

In 2020, the market capitalisation on HOSE stood at 4.08 quadrillion VND, or 67.59 percent of 2019’s GDP, the southern bourse reported.

Ending the last session of December, the benchmark VN-Index reached 1,498.28 points, a month-on-month increase of 1.34 percent and a year-on-year rise of 35.73 percent. VNAllshare topped 1,561.33 points, up 1.85 percent month-on-month and 51.23 percent year-on-year.

The large-cap tracker VN30-Index edged down 0.12 percent compared to the previous month to close at 1,535.71 points; however, the figure was 43.42 percent higher than that recorded at the beginning of last year.

Industrial stocks posted the highest growth with VNIND Index gaining 9.79 percent year-on-year. It was followed by shares of the utilities sector (VNUTI Index), up 6.31 percent; and those of the consumer staples sector (UNCONS) rising 3.93 percent.

The stock market liquidity last month set a record high in the December 23 session, with more than 1.32 billion shares traded for over 45.37 trillion VND in total.

During 2021, the HOSE saw 184.32 billion stocks traded for total of over 5.39 quadrillion VND, up 118.68 percent and 244.51 percent, respectively, against 2020. An average of 737.29 million shares, worth nearly 21.6 trillion VND per session, were traded on the bourse per session.

As of the end of last year, 533 securities codes had been listed on HOSE, including 404 stocks, three close-end fund certificates, eight exchange-traded funds (ETF), 113 covered warrants (CW), and five bonds. The number of shares listed on the bourse exceeded 120.5 billion.

As many as 46 HOSE-listed companies had market capitalisation reaching over 1 billion USD and three hitting over 10 billion USD, namely VinGroup (VIC), Vietcombank (VCB) and Vinhomes (VHM).