by finandlife05/10/2016 08:33 
ETF’s periodic rebalancing, which ended in mid-September, incited a drop-off in the first half. The high foreign net outflow of USD 125.9 million in September, VIC (USD25,5 million), MSN (USD12.4 million), VCB (USD10.8 million), and PVD (USD10.1 million). This action could be prepared capital to buy upcoming the government’s divest from big companies.
The US Fed’s decision did not raise interest rates at its September meeting and the Bank of Japan’s announcement to keep its benchmark interest rates unchanged at -0.1% boasted global markets.
Vietnam’s GDP grow 6.4% in Q3 2016 compared to the same quarter last year.
Banking and oil & gas sectors bolstered the market in the last two weeks of September. Deposit rates were reduced 0.3% to 0.5%, that can help to improve net interest margin to benefit banks. OPEC’s agreement on the outline of production cuts boosted global crude oil prices.
On September 7, Decree 60 mentions to foreign ownership limit (FOL) of public companies.
On September 29, the Ministry of Finance also published Circular 107/2016/BTC regarding the offering, listing, and trading of covered warrants, which will take effect from January 1, 2017.
Source: VCSC