Thị trường chứng khoán (SECURITIES MARKET) - CLC

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Unit Outline 2017

UNIT NAME: STOCK MARKET CODE: FINE 13A

PREREQUISITES: MONETARY THEORY

SEMESTER 2, 2016-2017

CLASS: HIGH TRAINING EDUCATION

LECTURER: TRAN THI XUAN ANH MOBILE: 0918 420 868

EMAIL: anhttx@hvnh.edu.vn

CONSULTING TIME: TUE, MORNING 9.30AM – 11.30 AM, H404 OFFICE BUILDING

DEPARTMENT OF FINANCE

BANKING INSTITUTE

FINANCE FACULTY

1  Unit Introduction

On successful completion of this unit students will develop knowledge of the organization and operation of securities markets, including the primary market and secondary market and also understand the trading system of stock exchange In detail, the content of the unit will cover the role, structure and operation of stock markets, instruments on stock market; Primary and secondary market; Reading & understand information on stock market

2   Objectives

On successful completion of this unit students should be able to:

•   Develop an analytical framework of the operation of stock market, including primary & secondary market

•   Understand roles and structure of Stock market

•   Read and understand information on stock market

•   Evaluate and implement funding decisions in capital markets

•   Appreciate the implications of economic policy decisions on financial institutions and stock markets

3  Contents

Topic 1: Overview of Stock market

1.1  History of Stock market

1.2   Definition, roles and structure of Stock market

1.3   The participation in Stock markets

1.4   Stock market regulation

1.5  Globalization of stock market

Topic 2: Instruments on Stock markets

2.1 Bonds

2.2 Company shares

2.3 Derivatives

Topic 3: Primary market

3.1 Definition, characteristics & roles of Primary Market

3.2 Stock offerings

3.3 Bonds issuing

Topic 4: Secondary market

4.1 Definition, characteristics & roles

4.2  Organized exchange

4.3 Over -The - Counter market

Topic 5: EMH and Stock valuation

5.1  EMH

5.2  Company analysis

5.3  Stock valuation

4  Methodology

•   Discussion

•   Group - exercises

•   Case study

•   Presentation

5  Program

1 Chapter 1: The

Overview of Stock

market

- History of Stock market

- Definition, roles and structure of Stock market

- The participation in Stock markets

- Stock market regulation

- Globalization of stock market

Financial Institutions (Viney) chapter

1

Group discussion TOPIC 1-3

2 Chapter 2:

Instruments on Stock

markets

2.1 Bonds 2.3 Company shares 2.4 Derivatives

Financial Market (Jeff Madura) chapter 7 +10

Group discussion TOPIC 4-6

3 Chapter 3: Primary

market 3.1 Definition, characteristics & roles of Primary Market

3.2 Stock offerings 3.2.1 Private Equity 3.2.2 Public Equity 3.2.3 Initial Public Offerings 3.2.4 Secondary Stock offering

- Rights Issues

- Placements

- Takeover Issues

- Dividend reinvestment schemes

- Preference shares

- Convertible notes 3.3 Bonds issuing 3.3.1 Treasury and Federal Agency 3.3.2 Municipal Bonds

3.3.3 Corporate Bonds

- Public Offering

- Private Placement

Financial Institutions (Viney) p178

Financial Institutions (Viney) p223

4 GUEST SPEAKER

5 Chapter 4:

Secondary Market

4.1 Definition, characteristics & roles 1.1  Organized exchange

1.1.1   Stock Market Transactions

-   Placing an order

-   Margin trading

-   Short Selling 1.1.2   How stock transaction are

Financial Market (Jeff Madura) chapter 10+12

executed

-   Brokers

-   Specialists

-   The spread of stock transaction

-   Program trading 1.1.3   Regulation of stock trading 4.3 Over -The - Counter market 4.3.1   Introduction on OTC 4.3.2   Trading on OTC

6 Assignment TOPIC 10-12

7 Chapter 5:

EMH and stock

valuation

5.1.EMH 5.2 Companu analysis 5.3 Stock valuation

Hand-out

6  Assessment

Assessment Summary

Total 100%

7  Resources and Requirements

Text book

Madura, J, (9th Ed.) Financial Markets and Institutions, Thompson Southwestern

Recommended text(s)/readings

  Viney, C (2007), McGrath’s Financial Institutions, Instruments and Markets, 4th Ed., Sydney: McGraw-Hill

  Hunt, B & Terry, C (2005), Financial Instruments and Markets, 4th edn, Melbourne, Thomson Learning

  Bodie Kane Marcus (2008), Investments, 6th edn, McGraw-Hill

  Frank J Fabozzi (2005), Capital market, institutions & instruments, 3rd edn,: Prentice Hall, Upper Saddle River, NJ

Useful/interesting web sites include:

http://www vcbs.com.vn http://www stockcharts.com

http://www

thanglongsc.com.vn

http://www nyse.com

http://www.aravietnam.vn

http://saga.vn

http://www.vneconomy.vn

http://www cophieu68.com http://ndhmoney.vn

GUIDE FOR ASSIGNMENT

1   Overview of the issues

2   Critically analyze the issues

3   Recommendations