I. VIETNAMESE STOCK MARKET WEEK 16-20/12/2024
Trading: The main indices moved in different directions during the last trading session of the week. By the end of the day on December 20, VN-Index increased by 0.23% compared to the previous session, reaching 1,257.5 points. In contrast, HNX-Index decreased by 0.21%, falling to 227.07 points. For the whole week, VN-Index lost a total of 5.07 points (-0.4%), while HNX-Index slightly gained 0.07 points (+0.03%).
The stock market last week witnessed a tug-of-war situation as cautious sentiment dominated. The VN-Index mostly fluctuated around the 1,260-point level, with liquidity remaining below the 20-week average. Information from the Fed about interest rate policy orientation for 2025 caused Vietnamese stocks to be unable to escape selling pressure like most markets globally, pushing the index down sharply on Thursday. However, the recovery efforts at the end of the week helped the VN-Index narrow its decline, ending the week at 1,257.5 points.
In terms of impact, HVN, VNM, and FPT were the main pillars that contributed positively to the market today, helping the VN-Index gain more than 2 points. In contrast, the top 10 negative stocks took away just over 1 point from the overall index, led by HPG and BVH.
All industry groups ended the week in the green. Transportation and telecommunications were the two main highlights today, attracting strong buying power from the beginning of the session. The most notable was the purple of HVN, MVN, VOS, VTO, and YEG. In addition, many other stocks also recorded outstanding gains, such as ACV (+4.38%), PHP (+4.57%), HAH (+1.65%), SGP (+6.37%), VSC (+1.94%); VGI (+3.23%), FOX (+2.22%), etc.
The financial and utility groups ranked last, inching up slightly by less than 0.1%. A dominant divergence in performance was witnessed, with most stocks fluctuating slightly around the reference price, except for a few names with more significant movements, including SSB (+1.21%), SGB (+2.48%), VAB (+2.25%), PVI (+4.24%), BVH (-2.29%), VND (-1.93%); DTK (+6.19%), QTP (+1.38%), GEG (+2.22%), TMP (+2.96%), POW (-1.61%), TDM (-6.48%), DNW (-6.3%), etc.
Foreign investors continued to net sell with a value of more than VND 1,500 billion on both exchanges last week. Specifically, they net sold nearly VND 1,400 billion on the HOSE and more than VND 113 billion on the HNX.
Trading value of foreign investors on HOSE, HNX, and UPCOM by day. Unit: VND billion
Net trading value by stock code. Unit: VND billion
Stocks with outstanding performance last week: YEG
YEG increased by 29.25%: YEG recorded a brilliant trading week with a gain of 29.25%. The stock continuously surged strongly with the appearance of the Rising Window candlestick pattern. At the same time, the trading volume exceeded the 20-day average, indicating a very optimistic investor sentiment.
However, the Stochastic Oscillator indicator has penetrated deep into the overbought zone. If, in the coming time, the stock shows a sell signal, the risk of a correction will increase.
Stocks with the strongest decline last week: VCA
VCA decreased by 13.41%: VCA experienced a quite negative trading week as it continuously lost ground in 3/5 sessions. However, the recovery efforts in the last two sessions of the week have eased the pressure on this stock.
Currently, the index is still maintaining above the Middle line of the Bollinger Bands. If it can hold this level and the trading volume exceeds the 20-day average, the short-term outlook will not be too pessimistic.
II. STOCK MARKET STATISTICS FOR LAST WEEK
Economics & Market Strategy Division, Vietstock Research Team
