Stocks break out, many people regret missing the beat

Besides the investors who won big in the recent stock market rally, there are many people who regret missing the beat, or are nervous because they haven't 'reached shore' yet.

The Vietnamese stock market has just had a strong breakthrough week, increasing by nearly 21 points, currently anchored at 1,326.05 points - Photo: BONG MAI

Stock investors have experienced a range of emotions this past week with mixed developments surrounding the US's imposition of tariffs on Mexico, Canada and China.

The VN-Index had 4 sessions of increase and only 1 session of decrease on March 5. Of which, the last two sessions of the week saw the market break out, increasing strongly by nearly 21 points (+1.6%), recovering to 1,326.05 points on positive news. Many investors regretted missing the beat.

Series of information combined to push stocks up

Mr. Dinh Quang Hinh - Head of Macro and Market Strategy Department, VNDirect Securities Joint Stock Company - commented that the strong increase in Vietnamese stocks this week is explained by several main reasons.

The State Bank has announced that it will stop issuing treasury bills after a long period of using this tool to regulate liquidity. This is a move that demonstrates a strong commitment to supporting liquidity for the system, aiming to lower market interest rates as directed by the Government.

The State Bank also implemented additional OMO lending contracts (open market operations, related to the purchase and sale of securities to control the money supply) for up to 91 days, to support longer-term liquidity for the banking system.

After the State Bank's move, interbank interest rates have dropped quite sharply, with overnight interest rates around 4%.

The above developments have boosted the market's growth, especially in banking and securities stocks.

The market was given more momentum in the last session of the week thanks to the news that Vinpearl (a member of Vingroup) submitted a listing application to the Ho Chi Minh City Stock Exchange (HoSE).

This is a very notable move after a long period of time when the market lacked IPOs and listings of large, typical enterprises. After this information, VIC shares hit the ceiling.

Banking and real estate groups are being watched

VNDirect Securities representative predicted that the market could maintain its upward momentum and head towards the strong resistance zone of 1,340 - 1,360 points. However, "this is a strong resistance zone with a large accumulated supply in the past, so fluctuations will appear".

According to Yuanta Securities' analysis team, the State Bank is being very proactive in operating a flexible monetary policy to provide cheap capital to commercial banks, thereby supporting the economy to achieve the challenging 8% growth target that the Government is determined to achieve.

Deposit and lending interest rates have generally decreased significantly over the past year. Some commercial banks have also reduced deposit interest rates in recent days. Thereby, there is room to lower lending interest rates, although not much.

"We believe that banks will be the first to benefit from abundant liquidity and low capital costs, and lending rates may not fall much more than deposit rates," said Yuanta's expert.

Source: https://tuoitre.vn/chung-khoan-but-pha-nhieu-nguoi-tiec-nuoi-vi-lo-nhip-20250308153601946.htm