In the last trading session of the year of the Dragon, the stock market was in a tug-of-war. Liquidity on all three exchanges was low as the whole country was heading towards the 9-day Lunar New Year holiday.
Stock market fluctuates in the last session of the year of the Dragon - Photo: QUANG DINH
The Vietnamese stock market just had an exciting trading session on January 23 when the VN-Index increased by more than 17 points. With an increase of nearly 1.4%, the VN-Index became the strongest increasing index in the Asian region.
But in today's session (January 24), trading across the market slowed down as the whole country headed towards the longest holiday of the year.
Normally before a long holiday, it is difficult to expect a breakthrough in cash flow, so the sluggish score does not surprise investors.
Data shows that liquidity on all three exchanges today has not exceeded 11,000 billion VND, active buying/selling power is low. The index representing the Ho Chi Minh City Stock Exchange hovered around the reference zone for almost the entire trading session.
The group of stocks that were actively bought today included banks (HDB, LPB, NAB) or food and beverage (MSN, PAN, HNG, BAF), chemicals (DPM, GVR).
Meanwhile, the most actively sold stocks are in the securities industry (SSI, VND), steel (HPG, HSG, NKG), real estate (KBC, DXG, VRE, VHM)...
After a sluggish performance all day, when the market was about to close, VN-Index suddenly turned from red to green, increasing by more than 5 points, climbing to the 1,265 zone. All three exchanges had 412 stocks increasing in price, somewhat overwhelming compared to the 300 stocks remaining in red.
An important contributor to the HoSE representative index today is Masan's MSN stock with an increase of nearly 4%.
MSN's growth occurred at the same time that Masan Group announced its separate financial report for the fourth quarter of 2024 with revenue of VND22,700 billion. After deducting cost of goods sold and a series of expenses, the group still retained more than VND690 billion in profit in the last quarter of last year, nearly 14 times higher than the same period last year.
In addition, GEX shares of Gelex Group also surprised with a ceiling increase.
According to the recently released financial report, in 2024, GEX will achieve total consolidated revenue of VND 33,759 billion, pre-tax profit of VND 3,616 billion, up 12.5% and 158.6% respectively compared to 2023.
In addition to MSN or GEX, the top 10 stocks with positive impacts on VN-Index also include GAS, LPB (+1.56%), GVR (+1.23%), BCM (+1.91%), MWG (+1.52%), MBB (+0.9%).
On the contrary, the top 10 group of stocks are the "culprits" that dragged the HoSE index down, including: FPT (-0.58%), HPG (-0.38%), BSR (-0.98%), HVN (-0.92%), CTG (-0.26%), REE (-1.37%), KBC (-1.36%), DIG (-2.75%), ANV (-6%), SAB (-0.37%).
This is also the time of the fourth quarter and full-year 2024 financial report announcement season. Information related to business results has an impact on stock prices.
According to an update from Wichart, as of the morning of January 24, the entire market had more than 510 businesses announcing their financial reports for the fourth quarter of 2024. Many of these businesses reported sharp increases in profits compared to the same period last year.
When will the stock market resume trading?
The Ho Chi Minh City Stock Exchange (HoSE) and Hanoi Stock Exchange (HNX) have announced their trading holidays for the Lunar New Year 2025.
Accordingly, the market will be closed from Monday, January 27 (December 28) to Friday, January 31 (the third day of Tet). Trading will resume as normal from Monday, February 3.
Source: https://tuoitre.vn/sau-phien-tang-manh-nhat-chau-a-chung-khoan-viet-don-tet-nhu-the-nao-20250124152156518.htm
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