Stock Market Surges as Funds Pour In at the Start of the Year

In January 2024, the VN-Index surged more than 3%, reaching 1,164 points. Money poured into the market, boosting stock trading with a 4.6% increase in liquidity, averaging 16,531 billion Vietnamese dong. Notably, foreign investors returned as net buyers with a net buying value of 1,304 billion Vietnamese dong.

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The Ho Chi Minh Stock Exchange (HoSE) report for January 2024 showed a strong performance across the entire market. Specifically, the VN-Index reached 1,164.31 points, VN-Allshare reached 1,182.55 points, VN30 reached 1,166.33 points; increasing by 3.04%, 2.34%, 3.08% respectively compared to December 2023.

The top 3 sectors with the highest increase in points in the first month of 2024 were: the financial sector index (VNFIN) increased by 6.47%; the consumer goods sector index (VNCOND) increased by 5.49%; the utility service sector index (VNUTI) increased by 1.84%. In addition, the sectors with the largest decrease in points were: the real estate sector index (VNREAL) decreased by 3.25%; the energy sector index (VNENE) decreased by 2.03%; the essential consumer goods sector index (VNCONS) decreased by 1.75%.

The stock market liquidity in the following month continued to record growth in liquidity, reflected by an average trading volume of 726.2 million shares per day, with an average trading value of over 16,531 billion dong per day; increasing by 4.60% in volume and 3.58% in value compared to December 2023.

In particular, the trading volume of secured warrants (CW) during the first month of 2024, following the upward trend of the stock market, CW liquidity also recorded positive growth with an average trading volume of over 56.8 million CW per day, corresponding to an average trading value of over 42.7 billion dong per day; increasing by 20.40% in volume and 42.30% in value compared to December 2023.

The stock market started the year with liquidity and increased index (Photo: Anh Thuy)

The total trading value of foreign investors in the first month of the year reached over 52,551 billion dong, accounting for more than 7.22% of the total trading value of the entire market. Foreign investors were net buyers of over 1,304 billion dong.

By the end of January, the total trading volume of listed stocks reached over 152.9 billion shares. The market capitalization of listed stocks on HoSE reached over 4.7 million billion dong, an increase of 3.34% compared to the end of 2023 and accounted for nearly 94% of the total market capitalization of listed stocks and equivalent to 46.06% of the GDP in 2023 (current price GDP).

No.

Stock Code

Company Name

Market Cap Value (billion dong)

1

VCB

Joint Stock Commercial Bank for Foreign Trade of Vietnam

494,635

2

BID

Joint Stock Commercial Bank for Investment and Development of Vietnam

271,911

3

VHM

Vinhomes Joint Stock Company

180,706

4

GAS

PetroVietnam Gas Corporation

173,174

5

CTG

Joint Stock Commercial Bank for Foreign Trade of Vietnam

169,692

6

VIC

Vingroup Corporation

162,506

7

HPG

Hoaphat Group Joint Stock Company

161,360

8

VPB

VPBank

153,918

9

VNM

Vietnam Dairy Products Joint Stock Company

140,027

10

TCB

Joint Stock Commercial Bank for Investment and Development of Vietnam

121,703

Top listed companies with the largest market capitalization (as of January 31, 2024)

Another point to note is that there have been 8 new securities codes listed at the beginning of this year. Specifically, the codes are HNA of Huan Na Hydropower Joint Stock Company; QNP of Quy Nhon Port Joint Stock Company; TCI of Thanh Cong Securities Joint Stock Company and 5 new CW codes have been listed and officially put into trading.

SOURCEcafef
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