Developing a New Stock Index for Vietnam’s Securities Market

The stock indices are investigated as indicators of stock market activity. It is proved that the stock market is one of the most attractive instruments for investing. It is accepted that an open stock market in a country characterized by a stable, strong economy, encourages the attraction of foreign investors. It is noted that indicators of the Ukrainian stock market such as the capitalization and the PFTS stock index (First Stock Trading System), as a result of the inadequate exchange rate prices for the real state of the issuing companies and the economy of the state, can’t be as representative, especially when compared with foreign markets. It has been outlined that the development of the domestic stock market is restrained by the imperfection of legislative and regulatory regulation of the market participants, the lack of optimality of the market infrastructure, the lack of a fully functioning, fully functioning national depository system. The introduction of a new stock index describing the state of business activity of a separate sector of the market is proposed, which will serve as a benchmark for the formation and optimization of investment strategy of investors, will promote transparency of the Ukrainian securities market.

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FACTORS AFFECTING SECURITIES PRICES: THEORETICAL VERSUS PRACTICAL APPROACH

Journal of Business Economics and Management ◽

10.3846/16111699.2006.9636142 ◽

2006 ◽

Vol 7 (4) ◽

pp. 201-211 ◽

Cited By ~ 9

Author(s):

Manuela Tvaronavičiene ◽

Julija Michailova

Keyword(s):

Stock Prices ◽

Stock Price ◽

Securities Market ◽

Stock Index ◽

Product Price ◽

State Budget ◽

Factors Affecting ◽

Goods And Services ◽

Measurable Factors ◽

Budget Revenue

Securities market has been influenced by entirety of factors, which roughly could be divided into various groups. In order to show complexity of phenomenon authors strive to overview theories of stock price behaviour. Taking into account, that various authors present rather controversial empirical evidences of certain factors impact on stock’ prices, authors of this paper try to test some relationships practically. Statistical analysis aiming to evaluate quantitatively the dependence of stock index on some chosen statistically measurable factors is being performed. For the latter purpose stock prices of Lithuanian companies and such macroeconomic variables as foreign direct investment, state budget revenue and expenditure, gross domestic product, price index of consumer goods and services, money in a broad sense, average profitability of governmental bonds and inflation have been employed.

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Trend-Tracking Trading Strategy Based on Improved RSI: A Case Study of Chinese CSI 300 Stock Index Futures

International Journal of Economics and Finance ◽

10.5539/ijef.v9n4p130 ◽

2017 ◽

Vol 9 (4) ◽

pp. 130

Author(s):

Jishan Ma ◽

Hongyan Liao

Keyword(s):

Developed Countries ◽

Securities Market ◽

Stock Index ◽

Stock Index Futures ◽

Practical Application ◽

Index Futures ◽

Price Series ◽

Trading Model ◽

Important Position

In European and American developed countries, quantitative trading is gradually replacing artificial transactions to occupy an important position in the market, and their daily turnover in the market is particularly evident. China securities market and derivatives market started late, and have a relatively obvious difference from abroad, especially in Western countries, in the level of quantitative transactions in mature capital markets. With the improvement of China’s market trading varieties, China’s quantization will develop very rapidly. In this paper, according to the characteristics of China’s CSI 300 Index Futures, we improve trend-tracking trading model based on the improved RSI. Firstly, we apply the wavelet transform for denoising of the price series, then improve RSI, and use the improved RSI and the denoised price series to establish an exit strategy and approach strategy. The strategy is excellent in practical application. In 1 minute K-line data back-test of CSI 300 index futures from 2010 to 2012, the return on invest has reached up to 102 million Yuan, and the ROI risk ratio is 2.61.

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Analysis of the Association for Shanghai Composite Index and Stock Index Futures

Applied Mechanics and Materials ◽

10.4028/www.scientific.net/amm.644-650.5672 ◽

2014 ◽

Vol 644-650 ◽

pp. 5672-5675

Author(s):

Rui Zhong Wang

Keyword(s):

Positive Relationship ◽

Equal Opportunity ◽

Stock Exchange ◽

Composite Index ◽

Securities Market ◽

Stock Index ◽

Futures Contracts ◽

Stock Index Futures ◽

Index Futures ◽

Stock Traders

In this paper, data mining association rules algorithms and techniques for relevance Shanghai CSI 300 Shanghai Financial Futures Exchange and the Shanghai Stock Index Futures Stock Exchange Composite Index were analyzed. The results show that the futures contracts and price movements highly positive correlation exists. The author believes that between the two since it is highly positive relationship, IF way of trading and settlement transactions should be fully consistent with the way the Shanghai Stock Exchange and deliver company's stock. Thus, equal opportunity traders in futures contracts and stock traders, more conducive to the development of China's securities market.

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Developing a New Stock Index for Vietnam’s Securities Market

Journal of Asian Business and Economic Studies ◽

10.24311/jabes/2014.220.09 ◽

2014 ◽

Vol 220 ◽

pp. 60-78

Author(s):

Huân Nguyễn Hữu

Keyword(s):

Stock Market ◽

Predictive Power ◽

Securities Market ◽

Stock Index ◽

Stock Exchanges ◽

Securities Markets ◽

Stock Market Index ◽

Market Index ◽

Market Indexes ◽

Research Show

Stock market index plays an important role as a measure of development of securities markets of a country or a region. Results of this empirical research show that in its 13 years of development, Vietnamese securities market indexes only had limited values because of their poor market representation and predictive power, implying the need to merge Hà Nội and HCMC stock exchanges. The research suggests a new set of stock market indexes to deal with shortcomings of existing indexes, thereby providing relevant entities with a new view on development of securities market in Vietnam.

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Institutional Investors on the Securities Market

Voprosy Ekonomiki ◽

10.32609/0042-8736-2003-8-95-101 ◽

2003 ◽

pp. 95-101

Author(s):

O. Khmyz

Keyword(s):

Financial Crisis ◽

Capital Market ◽

Hedge Funds ◽

Institutional Investors ◽

Securities Market ◽

Main Role ◽

Investment Funds ◽

Investment Process ◽

The Capital Market

Acording to the author's opinion, institutional investors (from many participants of the capital market) play the main role, especially investment funds. They supply to small-sized investors special investment services, which allow them to participate in the investment process. However excessive institutialization and increasing number of hedge-funds may lead to financial crisis.

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