Stock market liquidity is drying up.

SGGPO 12/01/2023 15:49

The weekend trading session ended quite nicely when VN-Index recovered quite well at the end of the session, possibly creating positive momentum for the coming week.

Stocks regained green in the first trading session of December 2023

The Vietnamese stock market traded on December 1st in the morning session with exhausted liquidity, the total transaction value on the HOSE floor was less than 5,000 billion VND. However, at the end of the afternoon session, a large cash flow outside the market joined in buying stocks, pulling the VN-Index to recover quite well at the end of the session, although in general, liquidity remained low.

The securities group attracted large cash flows, so most stocks increased: VCI increased by 1.93%, SSI increased by 2.24%, BSI increased by 1.9%, VIX increased by 1.83%, SHS increased by 1.66%, VND increased by 1.91%, FTS increased by 1.42%, CTS increased by 1.45%, ORS increased by 1.22%...

Banking stocks did not increase strongly but most of them remained green and at reference prices: VIB increased by 1.34%, BID increased by 1.42%, VPB increased by 1.05%, HDB increased by 1.11%; SHB, TCB, EIB, TPB, VCB increased by nearly 1%; CTG, MBB, STB, ACB remained at reference prices.

Real estate - construction stocks were strongly differentiated. The group of stocks that increased included: HHV increased by 3.53%, DIG increased by 1.62%, KBC increased by 1.45%, HDC increased by 1.23%, VRE increased by 3.17%, LCG increased by 1.27%; VIC, CTD, NLG, SZC, ITA decreased by nearly 1%. On the contrary, the group of stocks that decreased were recorded as: TCH decreased by 2.01%, QCG decreased by 3.14%, HUT decreased by 2.01%; CII, BCG, DXS, VHM, PDR, DXG decreased by nearly 1%.

LDG shares fell to the floor right from the beginning of the session after the Dong Nai Provincial Police Department prosecuted and temporarily detained Mr. Nguyen Khanh Hung, Chairman of the Board of Directors and legal representative of LDG Investment Joint Stock Company, for "deceiving customers" in the case of 488 illegally built villas. At the end of the session, LDG was still sold at the floor price of VND3,450/share with nearly 40 million shares but there were no buyers.

In addition, many individual stocks on the market recorded strong increases such as: PET increased to the ceiling price, HAG increased by 5.83%, VJC increased by 3.33%, SBT increased by 5.3%...

At the end of the trading session, VN-Index increased by 8.03 points (0.73%) to 1,102.16 points with 254 stocks increasing, 227 stocks decreasing and 101 stocks remaining unchanged. At the end of the session on the Hanoi Stock Exchange, HNX-Index also increased by 0.11 points (0.39%) to 226.26 points with 67 stocks increasing, 80 stocks decreasing and 72 stocks remaining unchanged. Liquidity decreased sharply with the total trading value on the whole market only about 13,700 billion VND, down 3,500 billion VND compared to the previous session. Of which, the HOSE floor only reached 12,000 billion VND. Foreign investors continued to sell off their stocks, continuing to net sell nearly 209 billion VND on the HOSE floor.

Source