In the trading session leading up to Christmas, the VN-Index experienced a tug-of-war as the group of stocks... Vingroup stocks There are conflicting developments.
However, because VHM hit its ceiling price, while VIC and VPL only experienced slight declines, the Vingroup group still contributed nearly 7 points to the VN-Index's increase. Besides the Vingroup group, the index also received support from large-cap stocks, mostly in the banking and securities sectors, notably STB, VPB, LPB, SSI…
At the close of trading on December 24th, the VN Index rose 10.67 points, or 0.6%, to 1,782.8 points. Despite the strong increase, the HoSE trading board leaned towards red, with 169 declining stocks compared to 144 rising stocks. In contrast to the positive performance of the index, liquidity The HoSE market continued to cool down. Only 790 million shares were traded on the entire HoSE, equivalent to a transaction value of over 24,300 billion VND.
The index's upward trend continued, driven by foreign investors. Yesterday, this group made net purchases of over 1,000 billion VND on the HoSE exchange. In terms of buying activity, STB shares were the most heavily bought by foreign investors on the HOSE, with a value exceeding 221 billion VND. Following closely behind was MBB, with 145 billion VND in purchases. Additionally, SSI and MWG were also bought for 140 and 133 billion VND respectively.
Conversely, DGC was the stock most heavily sold by foreign investors, with 97 billion VND. Following closely behind, VIC and HPG also saw significant selling pressure, amounting to 80 billion VND and 72 billion VND respectively.
Since the beginning of the year, the Vingroup group has contributed a total of 388 points to the VN-Index, while the index has increased by approximately 500 points. Petri Deryng, head of Pyn Elite Fund, believes that Vingroup's stock price surge is due to benefits from infrastructure investment projects. The company's valuation is based on future cash flows, making it difficult to translate into precise short-term profit figures.
Undeniably, the surge in Vingroup's performance has been the main driving force behind the stock market's rise to new heights. However, investors also believe this is partly why the vast majority of investors are facing difficulties in 2025.
Currently, although Vingroup's group of stocks strongly influences the market, there are still sectors that follow recurring cycles.
A survey by Yuanta Securities Vietnam on the performance of industry groups during the transition period between the new year, from December to February each year (2017 - 2024), shows a clear differentiation between industry groups as they enter the New Year and Lunar New Year holidays.
On a three-month average, the Mining sector was the highest-performing group with an average growth rate of 5.78%. Except for January, when the sector's growth was only 2.56%, December and February saw sector performance exceeding 7%.
Following closely behind are oil and gas-related groups, including oil and gas production and equipment, and oil and gas services, all recording average increases of approximately 5.4%. Overall, oil and gas and mining maintained relatively stable growth throughout the three months.
Within the financial sector, banks and securities firms both recorded positive performance during the period from December to February, but the magnitude and pace of growth differed significantly.
For banks, the average growth rate over the three months reached 4.6%, placing them among the market leaders. Notably, January – the period just before and during the Lunar New Year holiday – recorded a growth rate of up to 6.9%, significantly higher than December (3.1%) and February (3.8%).
This shows that historically, banks typically experience their strongest growth in the first month of the year, significantly contributing to the overall market performance during this period. Meanwhile, securities companies saw an average increase of 3.4% over the three months, with January recording the lowest increase at only 0.67%.
Source: https://baoquangninh.vn/chung-khoan-tiep-tiep-lap-dinh-moi-don-giang-sinh-3390151.html
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