94% of companies listed on HOSE have profits in 2016
Shares drop off after 10-year high |
A lot of potential for Vietnam's stock market |
Securities face a deficit in demand in 2017 |
By the end of 2016, the stock market scale on HOSE reached nearly 1.5 trillion vnd, equivalent to 35% of GDP. |
Specifically, HOSE set a revenue target of VND 442,054 billion in 2017, decreasing by 10% compared to the results of 2016 (VND 492,305 billion). Profit before tax is expected to reach VND 200,702 billion, down 24% compared to 2016 (VND 263,018 billion). It is expected to contribute VND 139,056 billion to the budget.
According to HOSE, by the end of 2016, the stock market scales on HOSE increased by 30% compared to the end of 2015, reached nearly VND 1.5 trillion, accounting for about 91% of the market capitalization of Vietnam stock market and equivalent to 35% of GDP.
In 2016, 94% of listed companies had profits with total value of about VND 122,100 billion, an increase of 17% compared to 2015. In 2016, there were 50 securities companies reporting that their total profit after tax were about VND 3,500 billion, and 24 companies reporting their losses of VND 820 billion.
In 2016, 19 stocks, 1 fund certificate and 4 bonds were officially listed and traded on HOSE. Until the end of December 30, 2016, there were 320 stocks, 35 bonds, 1 fund certificate and 1 ETF fund certificate listed and traded on the HOSE, bringing the total listed volume to over 49.5 billion securities, equivalent to nearly VND 504,011 billion, up to 16.3% in volume and 16.1% in value compared to 2015 respectively.
New trading regulation on HoSE The HCM Stock Exchange (HoSE) on Monday issued the decisions 341/QĐ-SGDHCM and 342/SGDHCM to change the regulations ... |
The auction on the HOSE achieved significant growth in volume and value. Total volume of shares sold was nearly 415 million shares worth nearly VND 17,000 billion. This result increased over 22% in volume sold and up to more than 280% in value in comparison with 2015.
Related News
Warn about the fraudulent tricks of stock investment
16:30 | 07/05/2024 Finance
Ambitious profit goals of banks
10:32 | 13/04/2024 Finance
Numerous growth drivers, opening opportunities for enterprises
10:02 | 22/03/2024 Import-Export
Accumulating bad debt ratio put pressure on banks
09:53 | 11/03/2024 Import-Export
Latest News
Improve processes and enhance experience to rebuild trust in life insurance
20:25 | 17/05/2024 Finance
PM chairs meeting on fiscal, monetary policy management
20:20 | 17/05/2024 Finance
Many tax management solutions for e-commerce
10:01 | 16/05/2024 Finance
Completely resolve problems and accelerate public investment disbursement
14:41 | 15/05/2024 Finance
More News
Tax, land rent payment deadlines to be extended this year
14:21 | 15/05/2024 Finance
Tax compliance management in the digital economy
11:32 | 15/05/2024 Finance
Hai Phong: Budget revenue reached more than VND40,000 billion
13:57 | 14/05/2024 Finance
Price adjustment should be in implemented in appropriate time to control inflation
13:56 | 14/05/2024 Finance
Fiscal policy is expanded and flexible to promote economic growth 2024
13:28 | 13/05/2024 Finance
Closely follow the situation, research and propose many solutions about taxes and fees to support the economy
08:16 | 12/05/2024 Finance
Prevent corruption and group interests in developing financial laws
10:07 | 11/05/2024 Finance
"Creativity in revenue collection to achieve set goals in difficult contexts"
14:55 | 10/05/2024 Finance
Strive to effectively implement Global Minimum Tax in Vietnam
10:22 | 10/05/2024 Finance
Your care
Improve processes and enhance experience to rebuild trust in life insurance
20:25 | 17/05/2024 Finance
PM chairs meeting on fiscal, monetary policy management
20:20 | 17/05/2024 Finance
Many tax management solutions for e-commerce
10:01 | 16/05/2024 Finance
Completely resolve problems and accelerate public investment disbursement
14:41 | 15/05/2024 Finance
Tax, land rent payment deadlines to be extended this year
14:21 | 15/05/2024 Finance