The Vietnamese stock market has just officially closed a year of volatile trading. As of the end of the session on December 31, the VN-Index stopped at 1,266.78 points, up 12.1% compared to the beginning of this year.
The stock market closed 2024 with a down session - Photo: QUANG DINH
In the last trading session of 2024, VN-Index fluctuated in a narrow range as buying power disappeared and active selling dominated.
The index representing the HoSE - the largest stock exchange in Vietnam - ended this year with a loss of more than 5 points, falling to 1,266.78 points with low liquidity.
The liquidity of the Ho Chi Minh City Stock Exchange reached over VND11,500 billion. The total transaction value of all three exchanges reached nearly VND12,700 billion, partly reflecting the dispersion of investors in the "year-end" trading session.
Industry groups are differentiated, with narrow amplitudes and low trading volumes. Liquidity increases mainly in the information technology, food, seafood, oil and gas groups, etc.
Meanwhile, large stock groups such as banks, securities, steel, and real estate all recorded a slight decrease in cash inflows.
With nearly 380 stocks "dominating" red, 346 stocks still maintaining green, the market somewhat shows a lack of positivity in the context of high exchange rates causing concern for investors.
The world financial market fluctuated strongly last night when DowJones fell 418.48 points to 42,573.73 points.
In the Vietnamese stock market, foreign investors returned to net selling nearly 300 billion VND, after net buying for two consecutive sessions in the previous session, putting more pressure on the market.
The group of stocks that foreign investors withdrew the most money from were STB of Sacombank (-106 billion VND), HDB of HDBank (-47 billion VND), FPT (-40 billion VND), HPG of Hoa Phat (-30 billion VND), VCB of Vietcombank (-30 billion VND), VND of VNDirect (-25 billion VND)...
Not only foreign investors, but also securities companies' own traders also net sold more than VND100 billion after strong net buying for 5 consecutive sessions. This group strongly net sold VPB of VPBank, HAX of Hang Xanh Auto, ACB, TCB of Techcombank, STB of Sacombank.
Notably, on the last trading day of 2024, Yeah1 Group's YEG code dropped by a huge margin (-7%) with a total matched and negotiated volume of more than 3.4 million units. The remaining sell order is also "listed" at the floor price of more than 2 million units, showing that the selling pressure of this stock is very large.
The development of YEG is quite sudden, because before that, Yeah1 Group had to explain when the stock price continuously increased to the ceiling. In the explanation letter sent to HoSE, Yeah1 affirmed that there was no impact affecting the trading price of YEG code.
Under strong selling pressure, YEG shares have now fallen to VND18,600/share. This development will make many investors "holding" stocks at the peak worried. Because this stock, after experiencing 7 consecutive ceiling price increases, has doubled its market price in a month.
Source: https://tuoitre.vn/chung-khoan-phu-sac-do-don-nam-moi-vn-index-van-tang-hon-12-ca-nam-nay-20241231151650125.htm
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