Derivatives market in first quarter a success

Vietnam’s derivatives market enjoyed robust and sustainable growth with 59 trading sessions in the first quarter of the year, according to the Hanoi Stock Exchange (HNX).

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More than 1.35 million contracts were traded for more than VND146.1 trillion (US$6.42 billion) in the period. The average trading volume of the market reached 22,884 contracts per session, up 63% from the previous quarter and double the average amount in 2017.

Individual domestic investors were dominant on the market with 98% of trading orders carried out by them while domestic institutional investors made up only 1.59% of total volume.

Foreign investors became more interested in the Vietnamese derivatives market when trading volumes reached 4,981 contracts, accounting for 0.18% of the market’s total number. Notably, the number of contracts enjoyed strong surge in March, tripling January’s figure and 1.3 times higher than February’s.

The HNX said the derivatives market has proved itself as an effective risk-management instrument, helping stabilise the investors’ sentiment and anticipate market trends.