Industrial real estate “revives” investor spirit

Stocks 1/2 Recover After Sell-Off

In the last trading session of January 2024, the stock market witnessed a strong sell-off by investors, causing the VN-Index to plummet with liquidity soaring, surpassing the billion USD mark.

However, in the February 1 stock market session, VN-Index suddenly "regained its spirit". Green appeared right from the beginning of the session. There were very few times when VN-Index traded in red. And the closer to the end of the session, the stronger the upward momentum.

Closing the stock market session on February 1, VN-Index stopped at 1,173.02 points after increasing by 8.71 points, equivalent to 0.75%; VN-Index increased by 7.02 points, equivalent to 0.6% to 1,173.35 points.

The whole floor recorded 270 stocks increasing in price, 111 stocks remaining unchanged and 177 stocks decreasing in price.

stock 1 2 industrial real estate investor spirit image 1 — After a day of massive sell-offs, investors were "revived" by industrial real estate stocks, so the stock market on February 1 was more excited. Illustrative photo

Contributing significantly to the growth of VN30-Index is GVR stock. At the end of the stock market session on February 1, GVR was the only blue-chip to hit the ceiling, increasing by VND1,550/share to VND23,950/share.

Besides, retail stocks also have a growth rate that is much higher than the whole market.

At the close of the stock market session on February 1, FPT increased by VND4,200/share, equivalent to 4.39% to VND99,900/share. FPT is about to enter the "Club of stocks with a market price of over VND100,000".

Besides, MWG increased by VND 1,200/share, equivalent to 2.67% to VND 46,200/share; SAB increased by VND 1,200/share, equivalent to 2.13% to VND 57,500/share; MSN increased by VND 700/share, equivalent to 1.09% to VND 65,100/share;

However, investors' joy was not complete when liquidity dropped sharply. Only more than 670 million shares, equivalent to VND 15,279 billion, were successfully transferred; a decrease of 450 million shares, equivalent to 40.2% in trading volume and a decrease of VND 8,036 billion, equivalent to 34.5% compared to the last session of January 2024.

On the Hanoi Stock Exchange, green also covered the electronic trading board. At the close of the February 1 stock market session, the HNX-Index increased by 1.39 points, equivalent to 0.61%, to 230.57 points; the HNX30-Index increased by 6.34 points, equivalent to 1.3%, to 493.68 points.

Liquidity on the Hanoi Stock Exchange was very low with only 53.2 million shares, equivalent to VND1,165 billion, successfully traded.

Industrial real estate “revives” investor spirit

Not blue-chips, not strong enough to lead the market, but in the stock market session on February 1, the group of industrial real estate stocks "revived" investors' spirits after a sell-off session.

At the close of the stock market session on February 1, IDC shares of IDICO Corporation increased by VND3,000/share, equivalent to 5.66% to VND56,000/share; KBC shares of Kinh Bac Corporation increased by VND1,100/share, equivalent to 3.64% to VND31,350/share; ITA of Tan Tao Group increased by VND300/share, equivalent to 4.69% to VND6,700/share; SZL increased by VND1,500/share, equivalent to 3.85% to VND40,500/share;…

Industrial real estate stocks soar after positive news about FDI.

Specifically, data from the Foreign Investment Agency, Ministry of Planning and Investment showed that as of January 20, total foreign investment capital reached more than 2.36 billion USD, an increase of 40.2% over the same period in 2023. Of which, newly registered investment capital increased sharply.

Specifically, in the first month of 2024, 190 new projects were granted Investment Registration Certificates, up 24.2% over the same period; total registered capital reached more than 2 billion USD, up 66.9% over the same period. The increase in the number of projects, especially large-scale projects (more than 600 million USD), is one of the main factors driving the sharp increase in foreign investment capital.

At the same time, disbursed capital was also very positive, reaching 1.48 billion USD, up 9.6% over the same period last year.

Registered FDI capital and disbursed FDI capital are both increasing, meaning that industrial real estate is becoming increasingly “popular”. Therefore, investors are flocking to hunt for stocks in this industry group.

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