Market capitalisation on HOSE hits nearly 93% of GDP

Market capitalisation on the Ho Chi Minh Stock Exchange (HOSE) rose more than 42% year-on-year to VND5.8 quadrillion (US$254.83 billion) by the end of 2021, accounting for 92.77% of the previous year’s GDP.

In 2020, the market capitalisation on HOSE stood at VND4.08 quadrillion, or 67.59% 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% and a year-on-year rise of 35.73%. VNAllshare topped 1,561.33 points, up 1.85% month-on-month and 51.23% year-on-year.

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

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

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 VND45.37 trillion in total.

During 2021, the HOSE saw 184.32 billion stocks traded for total of over VND5.39 quadrillion, up 118.68% and 244.51%, respectively, against 2020. An average of 737.29 million shares, worth nearly VND21.6 trillion 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 US$120.5 billion.

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