The selling pressure caused the electric board to be flooded in red color with more than 600 stocks dropping. However, this is an opportunity to catch the bottom of cheap stocks for cash-holding investors.
The VN-Index suddenly rebounded in the afternoon trading session on October 20, but investors' caution made the index's attempt to change color unsuccessful in the ATC matching session.
The sell-off session of the US stock market led to the plunge of the global market, including Vietnam’s stock market, in the trading session on September 14.
The selling pressure suddenly increased in the group of pillar stocks when the VN-Index surpassed 1,260 points, creating a sell-off wave in the remaining stocks in the VN30 basket.
The return of large-cap stocks not only helped improve market liquidity but also contributed to pulling the VN-Index out of a series of sharp declines.
From a drop of 50 points in the morning trading session, the VN-Index unexpectedly closed the trading session on April 26 with a gain of 30 points thanks to the return of large-cap stocks.
In the context of the lack of supportive information in the domestic market, bad news from the global stock market gave the final blow to the VN-Index, causing Vietnam’s benchmark to make the worst nosedive in history.
The selling pressure continued to prolong in the trading session on April 18, with more than 820 stocks on all three exchanges plummeting to investors' surprise.
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.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) reached a historic peak on the October 27 trading session, with cash flow increasing strongly and foreign investors returning to net buying trillions of VND after a period of consecutive net selling.
Although stocks on the unlisted public company market (UPCoM) contain many risks, surprisingly, the number of companies increasing was not less than those of two trading floors HOSE and HNX. Whether the fact that many large-cap stocks still stayed on the UPCoM attracted foreign investors or a wide trading range helped the UPCoM to bring higher profits?
According to statistics, by the end of August this year, market capitalization of unlisted public companies (UPCoM) exceeded VND1 quadrillion (US$43.08 billion) with a total of 850 enterprises having registered.
