The global financial and stock markets this week (March 3-7) remained in the same state as in recent weeks. The main reason is still the unpredictability and constant changes in the tariff and trade policies of the Trump administration. The US stock market has fallen sharply and lost all the gains since the US presidential election in November last year. Currently, the S&P 500 and Nasdaq indices have also dropped to lows, with the S&P 500 alone losing 1.9% compared to the beginning of the year.
In contrast, the Vietnamese stock market continued to recover strongly last week (March 3-7). The VN-Index slowed down in the first three sessions of the week due to increased profit-taking pressure and the impact of developments surrounding the tariff story that the US imposed on Mexico, Canada and China. However, the market recovered strongly in the last two sessions of the week.
The VN-Index closed the last session of the week at 1,326.05 points, up +20.69 points, equivalent to an increase of +1.59% compared to the previous week. The increase last week was mainly concentrated in the Bluechips group with VN30 increasing strongly by +2.46%, while Midcap only increased slightly by +0.49%, even Smallcap decreased by 0.92%. Some prominent stock groups such as: Vingroup (+8.95%), Retail (+3.5%), Securities (+3.1%) ... On the opposite side, Textile (-2.16%), Seafood (-1.91%), Oil and Gas (-1.42%) ...
On the Hanoi Stock Exchange, the HNX-Index also recovered in the last 2 sessions of the week, but did not make up for the decrease in the first 3 sessions of the week. The HNX-Index closed down slightly -0.33%, ending the week at 238.41 points.
Not only the score, the liquidity of the whole market last week also increased quite well and at a positive level. The average trading value of the whole market last week reached 24,019 billion VND/session, up +13.6% compared to the previous week, in which the matched liquidity also increased +7% to 20,808 billion VND.
According to statistics, the liquidity of the whole market last week reached the highest level in the past 9 months. Liquidity in the first week of March increased by +34.5% compared to February. However, since the beginning of the year, the liquidity of the whole market reached 18,235 billion VND, down -13.5% compared to the average level in 2024.
The market is mainly supported by positive domestic information. Regarding this, VNDIRECT's expert said that the State Bank has announced to stop issuing treasury bills after a long time using this tool to regulate liquidity - a move that demonstrates a strong commitment to supporting liquidity for the system to lower market interest rates as directed by the Government. At the same time, the State Bank also deployed additional OMO lending contracts of up to 91 days to support longer-term liquidity for the banking system. After the State Bank's move, the interbank interest rate level has decreased quite sharply, with overnight interest rates around 4%. This has boosted the market's growth, especially in banking and securities stocks.
By the end of the week, another piece of news was that Vinpearl filed for listing on HOSE - a very notable move after a long period of the market lacking IPOs and listings of large, typical enterprises. After this news, VIC shares hit the ceiling and the Vingroup group also improved.
Meanwhile, foreign capital flow has not yet recovered, but net selling has decreased significantly. Foreign net selling in the past week was only over -1,043 billion VND. This figure is half lower than the last week of February. Accumulated from the beginning of the year, foreign net selling was -17,650 billion VND.
Source: https://nhandan.vn/thi-truong-chung-khoan-tuan-moi-xung-luc-tang-con-nhung-rung-lac-co-the-toi-post864079.html
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