In the trading session of August 20, the stock market continued to increase strongly for the third consecutive session with stronger cash flow than the previous session. Some pillar stocks including the "Vin family" group of billionaire Pham Nhat Vuong and the banking group performed positively.

Buying power increased strongly towards the end of the session, helping the market have an impressive increase.

At the end of the session on August 20, the VN-Index increased by 10.93 points (equivalent to an increase of 0.87%) to 1,272.55 points. The HNX-Index increased by 0.55%, while the Upcom-Index increased by 0.41%. Liquidity increased to more than VND 19,000 billion on the HoSE, more than VND 1,300 billion on the HNX and more than VND 676 billion on the Upcom.

The market increased strongly mainly thanks to real estate stocks with some stocks hitting the ceiling, while many others increased strongly.

Billionaire Pham Nhat Vuong's Vin group of stocks increased quite a bit. Vingroup (VIC) increased by VND550 to VND41,700/share; Vinhomes (VHM) increased by VND800 to VND39,400/share. Vincom Retail (VRE) increased by VND450 to VND18,750/share.

Meanwhile, Phat Dat Real Estate (PDR) increased by 1,300 VND to 20,450 VND/share. Dat Xanh (DXG) increased by 1,000 VND to 15,600 VND/share. Hai Phat Investment (HPX) increased by 370 VND to 5,740 VND/share.

Novaland (NLV) of Mr. Bui Thanh Nhon increased by 600 VND to 12,700 VND/share. DIC Corp. (DIG) increased by 1,350 VND to 25,050 VND/share. Saigon Real Estate (SGR) increased by 2,000 VND to 30,900 VND/share...

The number of green stocks overwhelmed the number of red stocks on the floor.

Banking and finance stocks also performed positively. VNDirect Securities (VND) increased by 600 VND to 15,550 VND/share. BIDV Bank (BID) increased by 1,250 VND to 49,150 VND/share. Vietinbank (CTG) increased by 550 VND to 33,200 VND/share...

Foreign investors' net buying is also a positive signal. In the session of August 20, the group of foreign investors net bought nearly 330 billion VND, including a strong purchase of VCB shares of Vietcombank. FPT, Mobile World (MWG), Novaland and Phu My Fertilizer (DPM) are also the codes that foreign investors prioritize buying.

On the other hand, Vinhomes, GAS and HDBank (HDB) were also sold a lot.

Investors did not net buy many real estate stocks, but focused on some bank codes, securities companies, retail, technology, and oil and gas.

The market increased in the context of world stocks continuing to rise strongly, in which US stocks increased for the 8th consecutive session. The USD/VND exchange rate cooled down. The real estate market was hot in some areas, including the suburbs of Hanoi.

By the afternoon of August 20, the USD/VND exchange rate had dropped sharply to 25,080 VND/USD (selling price of USD at Vietcombank) compared to 25,250 VND/USD on August 16 and 25,485 VND/USD at the end of April. The USD on the international market fell sharply, with the DXY index falling to 101.84 points, compared to 102.9 points on August 16 and 106.25 points at the end of April.

The central exchange rate was reduced by 10 VND to 24,251 VND/USD by the State Bank of Vietnam (SBV) on the morning of August 20.

In the banking market, the growth in savings interest rates has slowed down. Some banks have turned around and adjusted their deposit interest rates downward. This is also a signal that money flow into the banking channel may be reduced.

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Real estate stocks continue to increase strongly. Photo: FPTS

What is the outlook for real estate stocks?

It can be seen that the stock market has rebounded in the last 3 sessions with positive contributions from real estate stocks.

According to VNDirect, real estate is one of the most disappointing groups in the first half of 2024 when it continuously finds new bottoms despite being supported in terms of positive policy changes.

In the first half of the year, cash flow did not pay much attention to the real estate group. Therefore, stocks of this group fell into a correction for many months, with some codes falling sharply such as Novaland, Dat Xanh, CEO, DIG... Only some codes of enterprises maintained good sales ability, had stories such as successful business restructuring and good growth potential thanks to the advantage of accelerating the progress of site clearance of projects and completing land use fees according to the old land price framework of the Government to maintain good profit margins in the coming period such as NLG, KDH,... maintained prices.

In fact, the real estate group often has negative business results in the first half of the year.

After a period of deep decline, cash flow shows signs of pouring into this group to catch the bottom and expect more positive business results in the second half of the year. This is also the time when many businesses step up the handover of houses to customers.

Currently, Vinhomes focuses on handing over products at projects such as Ocean Park 3, Sky Park, Golden Avenue. Meanwhile, Nam Long has Akari, Southgate. Khang Dien has The Privia…

According to VNDirect, it will take more time for support policies and new real estate-related laws to have a positive impact on investor sentiment in the stock market. Because of the new laws, in the short term, there will be mixed effects on the real estate market.

Some localities have begun to apply new land price lists (with the risk of land prices increasing compared to the current prices to match the market price level), which will create more financial pressure on businesses and make it difficult for housing prices to cool down.

On the other hand, regulations that are more favorable to home buyers, such as the requirement that investors cannot collect deposits of more than 5%, the expansion of the scope of home ownership rights for foreigners... will support home buyers' psychology.

Therefore, according to VNDirect, in general, it is difficult to expect a strong increase in the real estate group in the second half of this year, but the recovery trend will take place slowly and gradually become clearer when the market witnesses an improvement in the business and financial situation of enterprises.

Investment opportunities in real estate stocks will be diversified. Enterprises that have proven in the past to have good project implementation capacity, projects with full legal documents, sold products in the past (shown through pre-sales) as well as have a healthy financial situation, use low leverage... will be potential investment opportunities in this period.

Real estate and securities markets surged, pushing VN-Index up nearly 30 points . The stock market suddenly became active again with strong demand from the morning session and spread widely. Liquidity skyrocketed, causing VN-Index to surge nearly 30 points to over 1,250 points. Real estate and securities stocks surged.