World stocks to recover strongly in 2023, VN-Index still far from peak

World stocks continue to hit new highs

Despite the economic recession, a series of indices of major stock markets around the world have increased significantly. In some markets, stocks even reached new peaks, showing investors' expectations for the recovery of the world economy.

Specifically, the Dow Jones index increased by more than 512 points in the mid-December trading session, equivalent to 1.4%, bringing the index to 37,090.24 points. This is the highest increase in history.

Many stock markets around the world will grow strongly in 2023. VN-Index is still far from its old peak (Photo TL)

Also in the session on December 14, 2023, the S&P 500 index of US stocks also increased by 1.37% to 4,707.09 points, marking the first time it surpassed the 4,700 point mark since January 2022. The Nasdaq Composite index increased by 1.38% to 14,733.96 points and also peaked in 2023. Compared to the beginning of the year, the Nasdaq Composite has increased by 44% and is one of the strongest growing indexes on the international stock market in 2023.

In Asian markets, a series of indices also recorded strong growth. Japan's Nikkei index in 2023 also increased by more than 30% and reached its highest peak in the past 33 years.

In India, the Nifty 50 index also recorded a growth of 19% for the year, setting a new growth record. Pakistan's KSE-100 index increased by 60% and reached a historical peak.

VN-Index has not yet recovered to its peak

Looking back at the past year of the Vietnamese stock market, it is undeniable that the market has recovered positively after the fluctuations of 2022. In the whole year of 2023, the VN-Index grew by 12%, ranking among the strongest growth indices in Asia.

However, in reality, compared to the peak it reached at 1,500 points previously, the VN-Index is still quite far from regaining its "glory".

According to many economic experts, expectations in many stock markets around the world will increase significantly in 2023 thanks to expectations of loose monetary policies by Central Banks.

In Vietnam, although economic management policies have supported people and businesses, the market structure is different, leading to low recovery potential.

Specifically, the capitalization of the Vietnamese stock market is mostly Real Estate and Finance companies. This proportion is much higher than many countries in the region as well as the world. These industry groups are facing significant challenges and difficulties and have not yet recovered clearly. Therefore, the Vietnamese stock market in general has not been able to have a significant breakthrough.

FiinGroup's forecast for 2024 shows that the group of real estate companies will still be under pressure from maturing bond debts.

Specifically, there are 123,000 billion VND of real estate bonds that will mature in 2024. This will once again create challenges for the market recovery. However, the company still forecasts a recovery of the real estate industry in the second half of 2024.

Source: https://www.congluan.vn/chung-khoan-the-gioi-hoi-phuc-manh-nam-2023-vn-index-van-con-xa-dinh-post279403.html