Overcoming fear, this group of people was "rewarded" 87,000 billion VND after 1 week

Investors were "rewarded" 87,000 billion VND after 1 week

This week, the Vietnamese stock market received two pieces of information. And they were all extremely important. First, the US Federal Reserve (FED) "finalized" its monetary policy. Second, the VN-Index reached a strong resistance level of 1,200 points.

Over the past month, the financial world has placed all its faith in the 11th interest rate hike by the FED. The information has come as predicted, so the market has not had many ups and downs. However, global stocks have still increased significantly.

Normally, when interest rates rise, the stock market will be under pressure. However, this time, the opposite happened. That is because investors expect the Fed's tightening monetary policy to soon come to an end. Most likely, the Fed will only use one more interest rate hike in September.

Thanks to overcoming fear, this group of people saw their accounts increase by 87,000 billion VND in just 1 week. Illustrative photo

In addition to the FED raising interest rates to support the VN-Index, the Vietnamese stock market also reached the important milestone of 1,200 points. This is a very strong resistance level, so the VN-Index was pulled back.

Both support and resistance appeared at the same time, so the VN-Index fluctuated violently with alternating sessions of strong increases and deep decreases. However, overall, the VN-Index still brought sweet fruits to brave investors who dared to overcome their fear to disburse this week.

Closing the week, VN-Index stopped at 1,207.67 points, up 21.77 points, equivalent to 1.84%. Thanks to that, the market capitalization of the Ho Chi Minh City Stock Exchange increased by nearly VND 87,000 billion to VND 4,813,347 billion. This is the highest level since September 22, 2022.

It can be seen that while the gold market brought losses, the real estate market remained "frozen", interest rates continued to fall sharply, the stock market "hotly rewarded" investors with nearly 87,000 billion VND in just 1 week.

Novaland investors enjoy sweet fruits

If last week, STB shares of Saigon Thuong Tin Commercial Joint Stock Bank ( Sacombank ) were the center of attention with impressive increases accompanied by huge transaction values, this week, that position belongs to NVL shares of No Va Real Estate Investment Group Joint Stock Company (Novaland).

Closing the week, NVL stopped at 18,350 VND/share, up 3,200 VND/share, equivalent to 21.1% compared to the end of last week. Novaland's market capitalization increased by 6,236 billion VND to 1,948,608 billion VND.

The “final” score is not Novaland’s greatest achievement. NVL’s journey to increase its score is worth noting.

Right in the first trading session of the week (July 24), NVL increased sharply, nearly reaching the ceiling (6.58%) to VND16,200/share. The main highlight was the sharp increase in trading volume from 34.7 million units in the session on July 21 to 95.9 million shares.

Except for the stagnant session on July 25, NVL continued to increase significantly with very high liquidity, respectively 73.2 million units (session on July 26), 71.1 million units (session on July 27) and 70.9 million units (session on July 28).

NVL shares have increased sharply, helping investors benefit greatly this week. But in another development, changes of ownership are taking place at this real estate giant.

Still need to be careful

The market has made huge profits in the past week but that doesn't mean the sweet fruits will continue to come next week.

VCBS Securities Company commented that although VN-Index continuously fluctuated during the weekend session, VN-Index still maintained its green color from the first sessions of the week to help the market have positive improvements in terms of points and even surpass the 1,200 point mark.

However, according to VCBS, profit-taking supply is still significant around this point, as shown by the highest increase in liquidity in the large-cap group. In the last session of the week, strong tug-of-war between buyers and sellers was still recorded, however, active buying liquidity from many large-cap stocks in VN30 still dominated the selling force and created a positive premise for the index to extend its upward streak and break through 1,200 points.

“We still maintain our opinion, recommending that investors remain cautious when the VN-Index approaches the 1,210 point area, prioritize account risk management, proactively realize partial profits instead of continuing to chase stocks at high prices,” VCBS advised investors.

Source: https://www.congluan.vn/vuot-qua-so-hai-nhom-nguoi-nay-duoc-thuong-87000-ty-dong-sau-1-tuan-post258290.html