Cash flow continued to pour massively into the market, with a significant portion being directed toward securities stocks. As a result, many stocks experienced substantial gains, contributing to the VN-Index surpassing the 1,090-point mark.
Thanks to the strong recovery of the trio of banking, securities, and steel stocks, the VN-Index closed the trading session on February 8 at above 1,070 points.
Several banking, real estate, securities, and steel stocks fell to the floor despite the positive news that the State Bank of Vietnam has officially expanded the credit room by 1.5-5 percent, increasing credit growth in the year to 15.5-16 percent compared to the target of 14 percent at the beginning of the year.
On the HCMC Stock Exchange, the VN-Index gained 2.8 percent, to close at 969.26 points. The index had risen 3.4 percent, to close Wednesday at 942.90 points.
Financial stocks were the focus to help the market recover, although many real estate stocks were still on the floor, and a large volume of NVL, DXG, DIG, and PDR shares was unsalable.
Vietnam's stock market saw a large-scale sell-off in the last trading session of the week on November 4. The VN-Index dropped below the 1,000-point mark again due to panic among investors.
The VN-Index continued to free fall in the trading session on October 25, losing 24 more points to near 960 points, then rebounded by nearly 12 points at the end of the trading session after the “Black Monday" when the VN-Index lost the 1,000-point mark and the market capitalization evaporated more than VND134.2 trillion.
With several negative information in the market, the VN-Index continued to decrease by nearly 39 points in the last session of the week on October 7. Market capitalization on the HoSE lost another VND153.5 trillion in the trading session to VND4.12 quadrillion. The VN-Index was in the top five Asian stock indexes with the sharpest drop on October 7.
The banking industry has been facing many difficulties due to concerns about inflation and increasing bad debts since Circular No.14 ended, especially the Government's actions to closely manage and supervise the capital and real estate markets. Will this sentiment bring banking stocks to attractive levels in both the short and long term?
Vietnam's stock market was quite gloomy in the trading session on July 5, with liquidity remaining weak, making the market unable to spread positivity even though banking stocks - dubbed king stock - increased fairly well.
Instead of only receiving support from pillar stocks, the VN-Index suddenly rebounded robustly on June 8, thanks to the solidarity from the remaining small and medium-sized stocks.
Keeping the rising momentum in the previous session, the Vietnam stock market in the trading session on May 25 actually thrived when the cash flow boldly poured into the market after a long time of poor market liquidity due to investors' cautiousness. Foreign investors also net bought about VND3 billion on the HoSE.
The stocks market recorded a strong rally on Thursday, with benchmark indices regaining all losses from the previous session while the VN-Index even topped 1,500 points.
Foreign investors net sold billions of US dollars on Vietnam’s stock market in 2021, but in the first month of 2022, the foreign capital flow has started to return.
After an explosive year in 2021, Vietnam's stock market had seen wobbly fluctuations in the first weeks of 2022. However, according to experts, when the economy has been reopened; Covid-19 vaccination is widely covered; businesses and the economy have gradually recovered, the stock market is still highly expected.
