I. VIETNAMESE STOCK MARKET WEEK 16-20/12/2024
Trading: The main indices moved in opposite directions during the last trading session of the week. By the end of the day on December 20, VN-Index increased by 0.23% from the previous session, reaching 1,257.5 points. In contrast, the HNX-Index decreased by 0.21%, settling at 227.07 points. For the whole week, the VN-Index lost a total of 5.07 points (-0.4%), while the HNX-Index edged up slightly by 0.07 points (+0.03%).
The stock market last week witnessed a tug-of-war situation amid cautious sentiment. The VN-Index mostly fluctuated around the 1,260-point level, with liquidity remaining below the 20-week average. News from the Fed about interest rate policy orientation for 2025 caused Vietnamese stocks to face selling pressure, similar to most global markets, pushing the index down sharply on Thursday. However, a recovery effort at the end of the week helped the VN-Index narrow its losses, 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. On the other hand, the top 10 negative stocks took away just over 1 point from the overall index, led by HPG and BVH.
All sectors ended the week in the green. Transportation and telecommunications were the two main highlights today, attracting strong buying interest 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 prevailed, 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 be net sellers, 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 net sold over 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 notable increases last week included YEG
YEG rose 29.25%: YEG had a brilliant trading week, surging by 29.25%. The stock continuously soared with the emergence 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 entered the overbought zone. If a sell signal appears in the future, the risk of a downward correction will increase.
Stocks with significant declines last week included VCA
VCA fell 13.41%: VCA experienced a rather negative trading week, continuously losing ground in 3 out of 5 sessions. Nevertheless, the recovery efforts in the last two sessions of the week eased the pressure on this stock.
Currently, the index is still maintaining above the Middle line of the Bollinger Bands. If it holds above this threshold, coupled with a trading volume surpassing the 20-day average, the short-term outlook may not be too pessimistic.
II. STOCK MARKET STATISTICS FOR LAST WEEK
Economic Analysis & Market Strategy Department, Vietstock Consulting
