The last few years have seen a decline in revenue across most businesses, especially those in real estate, where the pressure of corporate bonds maturing within this year has many enterprises fearing a state of insolvency.
Real estate enterprises are facing many difficulties from tightening of credit policy and selling off mortgages of stocks. This could also be the right opportunity to buy real estate stocks when the price drops to bottom.
After the sharp decline the previous day, Vietnam’s stock market continued to retreat in the trading session on December 7. Although the VN-Index only lost by nearly 8 points, many stocks fell to the floor, especially real estate stocks. VIC shares alone hit the ceiling price of VND71,200 per share, contributing to curtailing the losing momentum by nearly 5 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.
Correction of stock market in recent months has caused speculative stocks to plummet. Many investors have moved out of the stock market due to poor speculation and hot stocks introduced by securities with the nickname A7.
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.
Vietnam’s stock market took place negatively in the morning trading session on October 24 due to strong selling pressure across the market. The VN-Index closed the morning trading session at only 996.45 points after dropping by nearly 24 points, with several real estate and securities stocks hitting the floor.
As an explosive session with momentum, stocks of most sectors on the market gained. More than 50 stocks hit the ceiling on the Ho Chi Minh Stock Exchange (HoSE) and the Hanoi Stock Exchange (HNX).
Under a strong downward trend from banking and securities stocks, the VN-Index dropped more than 16 points in the first trading session of the week on July 11.
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.
Vietnam's stock market was quite bearish in the first trading session of the week on January 17. News on the under-the-counter sale of FLC shares and the Thu Thiem land auction scandal continued to affect the whole market negatively.
Shares struggled to stay positive on Friday with the large-caps experiencing strong volatility but cash flow pouring into industrial real estate stocks still spurred the market’s uptrend.
