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.
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.
Several securities stocks hit the ceiling due to the strong increase in demand and high buying prices after the information that the securities settlement cycle T+2 (shortened by one day compared to the current settlement cycle) will be applied in August.
Information that the T+2 settlement cycle is about to be deployed helped the group of securities stocks to attract the cash flow in the trading session on June 29.
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.
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.
The psychological impact of the US stock market created motivation for investors to buy shares heavily, helping the VN-Index rebound robustly in the trading session on January 25.
Vietnam's stock market was extremely positive, with more than VND33 trillion pumped into the market in the first trading session of the week on August 16, although foreign investors still net sold for the fifth consecutive session with about VND960 billion.