Industrial real estate "revives" investor spirit

Half of the stock market recovered after a sell-off.

In the final trading session of January 2024, the stock market witnessed a strong sell-off by investors, causing the VN-Index to plummet with a surge in trading volume, exceeding one billion USD.

However, entering the trading session on February 1st, the VN-Index unexpectedly "recovered its momentum". The market turned green right from the start of the session. There were very few moments when the VN-Index traded in the red. And as the session drew to a close, the upward trend intensified.

At the close of the stock market session on February 1st, the VN-Index stood at 1,173.02 points after rising 8.71 points, equivalent to 0.75%; the VN-Index increased by 7.02 points, equivalent to 0.6%, to 1,173.35 points.

Across the entire exchange, 270 stocks increased in price, 111 remained unchanged, and 177 decreased.

Stock market 1 2 Industrial real estate boosts investor morale Figure 1 — After a day of massive sell-offs, investors were "rescued" by industrial real estate stocks, leading to a more optimistic outlook for the stock market. (Illustrative image)

GVR stock made a significant contribution to the VN30-Index's upward trend. At the close of trading on February 1st, GVR was the only blue-chip stock to hit its ceiling price, rising by 1,550 VND/share to 23,950 VND/share.

In addition, retail stocks have also seen a significantly faster upward trend compared to the overall market.

At the close of trading on February 1st,FPT shares rose by 4,200 VND/share, equivalent to 4.39%, to 99,900 VND/share. FPT is on track to join the "Club of stocks with a market price above 100,000 VND".

In addition, MWG increased by VND 1,200/share, equivalent to 2.67%, to VND 46,200/share; SAB increased by VND 1,200/share, equivalent to 2.13%, to VND 57,500/share; MSN increased by VND 700/share, equivalent to 1.09%, to VND 65,100/share;

However, investors' joy was not complete as liquidity plummeted. Only over 670 million shares, equivalent to VND 15.279 billion, were successfully traded; a decrease of 450 million shares, equivalent to 40.2%, in trading volume and a decrease of VND 8.036 billion, equivalent to 34.5%, compared to the last trading session of January 2024.

On the Hanoi Stock Exchange, green dominated the electronic trading board. At the close of the February 1st trading session, the HNX-Index rose 1.39 points, or 0.61%, to 230.57 points; the HNX30-Index increased 6.34 points, or 1.3%, to 493.68 points.

Liquidity on the Hanoi Stock Exchange remained very low, with only 53.2 million shares, equivalent to 1,165 billion VND, successfully traded.

Industrial real estate "revives" investor morale.

They're not blue-chip stocks, nor do they have the strength to lead the market, but in the February 1st trading session, industrial real estate stocks managed to "revive" investor sentiment after a sell-off.

At the close of the stock market session on February 1st, IDC shares of IDICO Corporation increased by 3,000 VND/share, equivalent to 5.66%, to 56,000 VND/share; KBC shares of Kinh Bac Corporation increased by 1,100 VND/share, equivalent to 3.64%, to 31,350 VND/share; ITA shares of Tan Tao Group increased by 300 VND/share, equivalent to 4.69%, to 6,700 VND/share; SZL increased by 1,500 VND/share, equivalent to 3.85%, to 40,500 VND/share;…

Industrial real estate stocks surged following positive news about FDI.

Specifically, data from the Foreign Investment Agency, Ministry of Planning and Investment, shows that as of January 20th, total foreign investment reached over $2.36 billion, an increase of 40.2% compared to the same period in 2023. Of this, newly registered investment capital increased significantly.

Specifically, in the first month of 2024, 190 new projects were granted Investment Registration Certificates, a 24.2% increase compared to the same period last year; the total registered capital reached over US$2 billion, a 66.9% increase compared to the same period last year. The increase in the number of projects, especially large-scale projects (over US$600 million), is one of the main factors driving the strong increase in foreign investment.

At the same time, disbursed capital was also very positive, reaching $1.48 billion, a 9.6% increase compared to the same period last year.

The simultaneous increase in registered FDI and disbursed FDI means that industrial real estate is becoming increasingly sought after. Therefore, investors are flocking to hunt for stocks in this sector.

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