Stock market

Global stock indices movements as of November 15. — Photo countryeconomy.com The Vietnamese stock market has just closed the first half of a rough November with a forgettable session. Selling force weighed on most of the industry groups, with the whole market recording nearly 400 stocks hitting floor prices. The market benchmark VN-Index finished November 15 at 911.9 points, a decline of 3.1 per cent from the previous day's level. This was the lowest in more than 25 months since October 5, 2020. A drop of 3.1 per cent made the country's stock market the biggest loser in Asia on November 15. Most of the major markets in the region such as Japan, China, and South Korea, have recovered well recently. However, the positive effect did not influence the Vietnamese stock market, according to cafef.vn. Since the beginning of November, the benchmark has lost another 116 points, equivalent to a decrease of 11.3 per cent. The losses were approximately the fall of the whole September, … [Read more...] about Vietnamese stock market loses $20.2 billion in first half of November

Investors look at stock indices on a computer screen. Domestically, cash flow on the stock market has been affected by changes in interest rates. — Photo tinnhanhchungkhoan.vn Viet Nam's stock market has seen strong volatility in recent years, stemming from investors' cautious sentiment in the face of uncertainties and a less positive outlook for the world economy and politics. With the economic support measures after the COVID-19 pandemic, inflation has increased sharply in many parts of the world, prompting many economies to continue tightening monetary policy at a fast and strong pace to control inflation, said the State Securities Commission (SSC) at a meeting held in Ha Noi on Wednesday. In 2022, the US Federal Reserve (FED) raised the operating interest rate by 3.75 percentage points through six consecutive adjustments; The Bank of England has adjusted interest rates up 7 times in a row since December 2021, to 2.25 per cent. The European Central Bank (ECB) has also … [Read more...] about VN’s stock market sees volatility amid world’s less positive outlook

Illustrative photo. JOURNALIST: - Sir, in your opinion, what is the cause of low liquidity in the stock market? Mr. THAI HUU CONG: - The liquidity in the stock market is currently maintained at a relatively low level. The trading volume of the VN Index only averaged 12 billion shares per month, down approximately 30 percent compared to the second half of 2021. If we look at the monthly chart, we can see that the trading value of the VN Index in the last 3 months of decline has only averaged VND 13,300 bln per session, and the trading volume also maintained below the average MA20. This shows the cautious sentiment of investors due to concerns that the market may continue to correct down to deeper support areas. In fact, a lot of investors are holding cash and are waiting for clearer signs about bottom forming before deciding to disburse. Meanwhile, the price reduction took place in most of the industry groups, causing the investors who owned the losing stocks to limit the … [Read more...] about Concerns over low liquidity in stock market

Global stock indices movements as of November 15. (Photo: countryeconomy.com) Hanoi (VNS/VNA) - The Vietnamese stock market has just closed the first half of a rough November with a forgettable session. Selling force weighed on most of the industry groups, with the whole market recording nearly 400 stocks hitting floor prices . The market benchmark VN-Index finished November 15 at 911.9 points, a decline of 3.1% from the previous day's level. This was the lowest in more than 25 months since October 5, 2020. A drop of 3.1% made the country's stock market the biggest loser in Asia on November 15. Most of the major markets in the region such as Japan, China, and the Republic of Korea, have recovered well recently. However, the positive effect did not influence the Vietnamese stock market, according to cafef.vn. Since the beginning of November, the benchmark has lost another 116 points, equivalent to a decrease of 11.3%. The losses were approximately the fall of … [Read more...] about Vietnamese stock market loses 20.2 billion USD in first half of November

Stock investing is not my strength. Late last year, when the market was booming, like other first-time investors, I was intrigued by the profit potential of this investment channel. My account once turned a double-digit profit after entering the market at the end of November thanks to some speculative stocks and real estate ones. But the market crash at the beginning of this year and the ensuing downward trend in early April wrecked everything. I made money from my account before suffering a loss. Before I decided to leave the market, I lost more than half of my initial investment. But now my former brokers and friends are advising me to start investing in stocks again. They said that because of the recent significant decline in the market and the long-term low prices of many stocks, now is a good time to buy. I also want to recover what was lost. After withdrawing the money from the stock exchange, I only deposited it in the bank to earn interest, plus my work has progressed … [Read more...] about Should I invest in the stock market after a 50% account value loss?

Illustrative photo In 2021, despite strong net selling by foreign investors, the domestic capital inflow was still favorable and even a factor for the spectacular growth of the stock market. The current most ominous signs are related to capital flow not withdrawing, even though the stock prices have dropped very low. Liquidity exhausted Liquidity is still the focus as the market has continued to shrink since May. The main reasons can be attributed to a few enterprises' mistakes in securities and corporate bond issuances. Besides this, the pressure of tight monetary policy from global and Vietnamese central banks was also affected. Along with this is the impending maturity date of corporate bonds from previous issuances accompanied by risk aversions, which has put pressure on investors and has had an impact on financial institutions and stock issuers. This situation has collectively led to liquidity blockage in the capital market, which has had a strong impact on the stock … [Read more...] about Stock market in turmoil as investors withdraw

An investor observes the market's movement at a securities company. — VNA/VNS Photo The Vietnamese stock market continued to undergo a bearish week as many realty stocks faced selling force with large volumes. The only positive point was the strong return of foreign investors with five consecutive sessions of net buying. Analysts warned that the biggest risk now is the forced liquidation of some stocks of the VN30 basket. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index ended last week at 954.53 points, while the HNX-Index on the Ha Noi Stock Exchange (HNX) traded at 189.81 points. For the week, both benchmark indices lost 4.27 per cent and 7.2 per cent, respectively. Of which, the VN-Index fell for the second week in a row. The VN-Index breached below the bottom of 958 points and hit the lowest level since the beginning of the year at 947.2 points last Thursday. The market only recovered slightly in the last trading session of the week thanks to the strong purchasing … [Read more...] about Market likely to continue under selling pressure

An investor monitors stock prices on a screen. — VNA/VNS Photo Despite short-term declines, the outlook for the stock market is bright in the long term as the Vietnamese economy is growing at a faster pace than many countries, according to experts. Recently, waves of mass selling have triggered price slumps and investor withdrawals on the stock market. The benchmark VN-Index, at some point, fell below 1,000 points, causing concerns over the economic prospects. Ngoc Huong, an office clerk in HCM City, said she was making big money from stock trading in 2021 as the market was on the rise at the time. Now, everything is different as the market has followed a downward trend. "I've deleted my stock-trading application because 30 per cent of the money on my account has gone. It's better to wait and see now," said Huong. Huong is not the only F0 investor to feel the pinch of the market downturn. In fact, most F0 investors in the market have found themselves in the same situation. … [Read more...] about Market declines but bright prospect on horizon

An employee counting money at a transaction office of VPBank in Ha Noi. — VNA/VNS Photo Tran Viet As major central banks, especially the US Federal Reserve, hike interest rates in a bid to tame soaring inflation, markets are now worried stagflation could hit some countries. International organisations continue to revise their forecasts for global economic growth in 2022 and 2023. Of which, the International Monetary Fund (IMF) lowered its forecast to 3.2 per cent for 2022 and 2.7 per cent for 2023, while the World Bank estimates global GDP growth will slow to 0.5 per cent in 2023. The movements and complex and unpredictable geopolitical situations around the world, such as the Russia-Ukraine conflict, tensions between major economies, China's zero-COVID, global supply chain disruptions, and rising commodity prices, weighed on global stock markets. As of the end of October, MSCI's broadest index of Asia-Pacific shares outside Japan dropped 21.98 per cent, Germany's DAX index … [Read more...] about State Securities Commission to apply measures to strengthen the market

Ngoc Suong, a stock broker at a South Korean securities company, said one of her customers recently returned to the market with a VND2 billion (US$80,600) investment in several blue chips. The customer had pulled out in June after cutting his losses and said he would not return to the market until the benchmark VN-Index dipped below 900 points. "After the market dived to 875 points and bounced back, he said ‘that’s the bottom’ and bought two stocks in the VN30 basket." In Thu Duc City, Hoang has been watching the stock of a construction company that is now at its lowest since mid-2020. Last month a Japanese fund bought the stock at VND32,500, and now it is at around VND10,000, and he decided to buy 50,000 shares and plans to buy more if it falls lower. "I have confidence that the stock is now at its bottom." On many investment groups on social media, people are starting to buy the dip after months of inactivity as the VN-Index repeatedly fell to new lows this year. … [Read more...] about Investors return as stock market bounces back