(NLDO) – VN-Index has just opened and has fallen sharply following the world, but experts say the decline will slow down, investors should not panic.
At 10:00 a.m. on December 19, VN-Index was trading at 1,258.45 points, down 7.55 points compared to the previous session; HNX Index fell back to 226.48 points after falling 0.96 points; Upcom also lost another 0.51 points to 92.58 points.
Previously, the stock market had just opened and dropped sharply by dozens of points, falling to 1,253 points following the downward trend of the international market.
A series of stocks were in red. The group of stocks in the VN30 basket negatively impacted the VN-Index when they fell sharply, such as VCB, CTG, BID, HPG, TCB, HDB... The rare green came from stocks BVH, PLX, GEE, PGD, CSV...
The negative point continues to be the net selling momentum of foreign investors, when in less than 1 hour in the morning session, foreign investors net sold more than 260 billion VND on HOSE, focusing on VPB, SSI, VCB, PDR, VJC...
VN-Index sinks into red again on the morning of December 19
Across investment groups and associations, many investors expressed frustration as Vietnamese stocks did not increase along with the world but often "decreased sharply along with the world". This morning's session was no exception.
In last night's trading session on the international market, the US Dow Jones index fell 2.58%, the first 10-day decline since 1974. The S&P 500 index fell 2.95% and the Nasdaq Composite fell 3.56% in the same session.
International stocks were red in the Japanese and Korean markets... Investors dumped stocks after the US Federal Reserve (FED) decided to cut interest rates by 0.25 percentage points. Although the FED cut interest rates for the third time this year, it said that there would only be two rate cuts in 2025, less than the four cuts previously forecast, which contributed to the sell-off of international stocks.
Regarding VN-Index, in a quick exchange with a reporter from Nguoi Lao Dong Newspaper this morning, Mr. Nguyen The Minh, Director of Analysis - Individual Clients, Yuanta Vietnam Securities Company, said that domestic investors are being psychologically affected by the international stock market after the FED's move; in addition, the liquidity of VN-Index has remained low recently; foreign investors have continuously sold net.
"However, we should not pay too much attention to the FED's decision because this agency often changes its decision on the roadmap for interest rate reduction and the level of interest rate reduction in the past. If the VN-Index decreases, it will also narrow the range and not decrease too much, so investors should not panic and sell off stocks. Foreign investors will sell net but it will not be too large because the supply of stocks is not much left" - Mr. Minh said.
A factor that experts are more concerned about is that a stronger USD index in the international market will put pressure on the USD/VND exchange rate. The increase in exchange rate will have a greater impact on the domestic stock market.
Mr. Vo Kim Phung, Head of Analysis Department, BETA Securities Company, said that this is a period when investors need to stay calm and avoid making emotional investment decisions.
The market may fluctuate strongly in the last 2 sessions of the week when the above important information is announced. Investors should prioritize risk management, maintain a reasonable cash ratio in their portfolio and limit chasing when the market is up.
Source: https://nld.com.vn/chung-khoan-viet-lao-doc-theo-the-gioi-chuyen-gia-noi-khong-voi-ban-thao-196241219101844783.htm
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