The derivatives market proved its attractiveness when the value of transactions in the second quarter doubled the amount recorded in the previous quarter to over 417.7 trillion VND (18.4 billion USD), according to the Hanoi Stock Exchange (HNX).
Derivatives market more attractive to investors (Illustrative image. Source: VNA)
Hanoi (VNA) – The derivatives market provedits attractiveness when the value of transactions in the second quarter doubledthe amount recorded in the previous quarter to over 417.7 trillion VND (18.4billion USD), according to the Hanoi Stock Exchange (HNX).
The trading volume during the April-June period stood at nearly 4.2 millioncontracts, increasing the total traded contracts in the first six months tonearly 5.54 million.
An average of 45,767 contracts were reached in each session over the six monthsending in June, quadrupling the figure seen over the same period last year.
Liquidity remained strong on the market in May and June, with an average of74,567 and 94,568 contracts traded in each session, respectively.
Total Open Interests (OI) remained stable in in the six month period andreached 11,812 contracts on June 29, a year-on-year hike of 46.24 percent.
The increasing interest from investors in the derivatives market was proved bythe growth of new trading account numbers in June, which doubled the amountseen at the end of 2017, to 35,275 accounts.
The derivatives market has been touted as a magnet forforeign investors when there was a strong surge in their transactions,especially in May and June. In June alone, foreign transactions accounted forone third of the six-month period’s total transactions.
Foreign transactions on the market totalled 13,567 contracts, or 0.12 percentof the market’s number. Overseas institutions started transactions in April, trading2,209 contracts over the past three months.
The HNX said the derivatives market has been an effective risk-managementinstrument, helping stabilise the investors’ sentiment and anticipate markettrends. -VNA
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).
The derivatives market proved its attractiveness when the value of transactions in this market rose threefold in April, when the stock market posted a downward trend, according to the Saigon Securities Inc. (SSI).
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Derivatives market more attractive to investors (Illustrative image. Source: VNA) 
