On the morning of December 25, cash flow suddenly poured into the stock market, focusing on 30 pillar stocks (VN30 group). Banking stocks and steel stocks led the wave, thereby pushing the VN-Index up sharply.

At the end of the morning session, VN-Index increased 15.93 points (+1.3%) to 1,276.29 points.

In the afternoon session, cash flow remained quite strong. In the end, VN-Index increased by 13.68 points (+1.1%) to 1,274.04 points. HNX-Index increased by 0.64%, while Upcom-Index increased by 0.61%. Liquidity on all 3 floors reached nearly 20.7 trillion VND and is gradually moving towards the threshold of 1 billion USD/session that has not been recorded for a long time.

Standing out in the market are two groups: banking and construction materials.

CTG shares of Vietinbank hit the ceiling price of VND38,700/share. By the end of the session, CTG shares increased by VND2,000 to VND28,200/share. However, foreign investors net sold nearly 3.3 million shares of this stock, while buying nearly 2.45 million shares.

Sacombank (STB) shares increased by VND1,550/share to VND36,250/share. Foreign investors bought a lot of this stock, selling more than 650 thousand units while buying more than 2.8 million units.

Almost all bank stocks increased in price, including Vietcombank (VCB), BIDV (BID), Techcombank (TCB), MBBank (MBB)...

In the construction materials group, steel codes were quite impressive. Hoa Phat Group (HPG) shares of billionaire Tran Dinh Long increased by 450 VND to 27,150 VND/share. The construction group also performed positively such as HBC, FCN...

Real estate stocks also rose in unison. Despite selling pressure from foreign investors, the "Vin family" stocks of billionaire Nhat Vuong all increased in price. Vinhomes (VHM) increased by VND250 to VND40,600/share; Vingroup (VIC) increased slightly to VND40,650. Vincom Retail (VRE) increased by VND250 to VND17,300/share.

Billionaire Nguyen Dang Quang's Masan (MSN) shares increased by VND500 to VND70,700/share.

FPT code increased by 400 VND to 150,800 VND/share. Throughout 2024, FPT and Viettel stocks made a strong breakthrough with the global "trend" of artificial intelligence (AI). FPT and Viettel have continuously set new peaks.

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Cash flow unexpectedly poured into Vietnamese giant stocks, VN-Index broke out at the end of the year. Photo: TD

The market increased mainly thanks to the pillar stocks in the context of certain expectations about the prospects of the economy in general and stocks in particular in 2025, when public investment is expected to be stronger, FDI capital flows may flow faster into Vietnam under Mr. Donald Trump...

The exchange rate showed signs of cooling down earlier this week after a volatile week before as the US Federal Reserve (Fed) signaled caution… which is also a positive factor for the stock market.

The State Bank has injected a large amount of liquidity into the banking system. On December 23, it injected a net of more than VND22 trillion, and on December 24, it injected a net of more than VND11 trillion on the open market.

The money pumped out at the end of the year helps support liquidity and can be partly used in the stock market.

The market was also supported by expectations for technology stocks, including FPT and Viettel. In early December, Nvidia CEO Jensen Huang returned to Vietnam and established the third AI research center in the world, after the US and Taiwan (China). Many other giants such as Google and Apple are also expanding their operations in Vietnam.

Expectations of FDI inflows into Vietnam, especially in the technology sector, have brought more positive prospects to many stock groups.

With the potential for technological disruption, investors often accept higher valuations for stocks that benefit from this trend.

China's plan to issue a record of more than 400 billion USD in special bonds, pumping money into the economy in 2025, is also expected to breathe new life into the world's second largest economy, thereby boosting consumer demand in the country as well as positively impacting the prices of many goods, including steel in Vietnam.

The huge sum is expected to be used to promote domestic consumption as well as invest in infrastructure, innovation fields, etc.

Some recent forecasts suggest that Vietnam's stock market will be positive in 2025, possibly reaching over 1,400 points thanks to attractive valuations and high corporate profits next year. VinaCapital expects the VN-Index to increase by 20% in 2025.

However, there are also doubts. The brokerage director of a securities company said that the VN-Index increased quite strongly in the session of December 25 thanks mainly to the pillar group, and the market often increases strongly thanks to the wave of closing NAV (net assets), a key index to evaluate the performance of investment funds, especially at the end of the year.

The Fed continues to cut interest rates, gold prices skyrocket again, stocks hit new highs . The US Federal Reserve (Fed) cut interest rates as predicted. Gold prices rose sharply again after a rare plunge. US stocks continued to rise to new highs.