Stock market week 22-28/4: VN-Index not yet showing signs of a rebound.

VN-Index returns to year-end levels, Nhat Viet Securities welcomes new female chairman, Dat Xanh Group goes 5 years without paying dividends, VN-Index shows no signs of recovery, dividend payment schedule this week,...

VN-Index returns to its level at the beginning of the year.

At the close of trading last weekend (April 19), the stock market continued to decline with sellers dominating, falling by between 2-6% to 1,174.85 points.

Liquidity reached VND 23,682 billion in transactions, equivalent to 1,070 million shares traded, a 25% increase compared to the previous trading session on April 17th.

The banking sector showed a slight improvement as it no longer acted as a drag on the market, with some stocks trending slightly upward. Highlights included MSB (MSB, HOSE), which rose 1.9% to VND 13,450 per share. Following closely wereSHB (SHB, HOSE), which increased slightly by 0.45%, and NAB (Nam A Bank, HOSE), which rose 0.63%,…

Large-cap stocks consistently restrained the market's upward momentum, while small-cap stocks maintained a positive performance (Image: SSI iBoard)

Another bright spot emerged from foreign investors, who unexpectedly bought a net 683 billion VND. The buying was concentrated in stocks such as VNM ( Vinamilk , HOSE) with 94 billion VND, DIG (DIC Group, HOSE) with 92 billion VND, etc.

In just one week of trading, the VN-Index lost nearly 102 points, erasing all the gains from the first quarter and returning to the level seen at the beginning of 2024. Blue-chip stocks played a major role in the market's sharp decline, with many stocks quickly losing nearly 20% of their value in just one week.

Typical declines in the real estate, securities, public investment, and retail sectors include: NVL ( Novaland , HOSE) down 18.36%, DXG (Dat Xanh Real Estate, HOSE) down 21.21%, VND (VNDirect Securities, HOSE) down 13.9%, PNJ (Phu Nhuan Jewelry, HOSE) down 11.25%,…

The sharpest weekly decline wiped out nearly 480 trillion VND (equivalent to 20 billion USD) in market capitalization, of which 413.7 trillion VND (equivalent to 17 billion USD) was lost on the HOSE exchange alone.

The rapid drop in the index is mainly attributed to the fact that the VN-Index had been hovering around its peak for quite some time, making profit-taking pressure unavoidable. In addition, negative information, such as the possibility of delaying the Fed's interest rate hike and the escalating exchange rate creating pressure to maintain loose monetary policy, also impacted market sentiment.

New female chairperson of Nhat Viet Securities

Nhat Viet Securities announces its new Board of Directors for the 2024-2029 term and its new female chairperson, Nghiem Phuong Nhi (center) (Photo: Internet)

At its 2024 annual general meeting, Nhat Viet Securities Joint Stock Company (VFS, HOSE) elected a new Board of Directors for the 2024-2029 term, with Ms. Nghiem Phuong Nhi serving as the Chairwoman of the VFS Board of Directors. Ms. Nhi holds a Bachelor's degree from the National Economics University and completed her Bachelor's and Master's degrees in the Netherlands.

From 2008 to 2023, she served as Head of Financial Investment at Viettel Group, a member of the Board of Directors of Viettel Post Corporation, and a member of the Board of Directors of Viettel Construction Corporation. Currently, Ms. Phuong Nhi is the Chairwoman of the Board of Directors of Hoa An Financial Investment Corporation and the Chairwoman of the Board of Directors of Amber Fund Management Corporation.

Additionally, at the meeting, the company announced its business plan for this year, along with the approval of a plan to sell 120 million shares to existing shareholders and issue 9.6 million shares to pay dividends.

Dat Xanh Real Estate has not paid dividends for 5 years.

The minutes of the 2024 Annual General Meeting of Shareholders at Dat Xanh Group Joint Stock Company (DXG, HOSE) show that DXG's business results in 2023 declined significantly, with profits falling by more than 90%.

Recent performance of DXG shares (Image: SSI iBoard)

Perhaps for this reason, the company announced that it would not pay dividends in 2023, but expects to pay dividends at a rate of 20% in 2024. This also means that for the past five years, since 2018, DXG shareholders have not received any dividends.

With the dividend payout for 2024 set at 20%, and under favorable business conditions, Dat Xanh shareholders will have to wait until the second half of 2025 before they have the opportunity to receive dividends again.

Meanwhile, DXG shares on the stock exchange remain one of the most sought-after stocks, with strong trading volumes of tens of millions of shares each session.

A Masan Group stock is expected to be listed on the HOSE next year.

According to the latest analysis report, Masan Consumer Corporation (MCH, UPCoM) - a member of Masan Group (MSN, HOSE) - is considering listing its shares on the HOSE exchange in early 2025.

MCH is showing quite positive developments, contrary to market trends (Photo: SSI iBoard)

With its current trading on the UPCoM exchange, MCH's liquidity is relatively low. The move to the HOSE exchange is expected to significantly boost MCH's liquidity.

HSBC believes that the plan to list MCH shares on the HOSE could be driven by the recent recovery of Masan Consumer.

MCH also impressed with its high profit margins and stable earnings growth, outperforming competitors in the regional FMCG (fast-moving consumer goods) and packaged food industries.

Accordingly, HSBC maintains its BUY recommendation with a price target of VND 98,000 per share.

Market outlook and recommendations for this week.

KB Securities believes that the low point at the end of the week's trading session is due to sellers continuing to dominate throughout the week. This suggests that the VN-Index is likely to continue its downward trend as negative sentiment prevails in the market. Investors should limit new purchases for existing positions, prioritize risk management, and sell off or restructure their portfolios during early rallies.

Sharing the same view, TPS Securities believes that a week of sharp declines coupled with high liquidity will negatively impact investor sentiment in the coming trading weeks. Sellers are likely to remain dominant in the upcoming sessions, as the two support levels of 1,210 and 1,180 points were quickly broken within just two sessions. TPS recommends that investors wait for a reaction to support levels such as 1,150 and 1,180 points; only if there are signs of price increases accompanied by strong liquidity should they consider investing.

Dividend payment schedule this week

According to statistics, 10 companies announced dividend entitlement dates this week. Of these, 9 companies will pay dividends in cash and 1 company will issue additional dividends.

The highest payout rate is 25%, and the lowest is 2%.

Ba Ria - Vung Tau Housing Development Joint Stock Company (HDC, HOSE) will pay dividends in the form of additional share issuance at a rate of 14.8%, with the ex-dividend date being April 26th.

Cash dividend payment schedule for companies from April 22nd to 28th.

* Ex-dividend date: The ex-rights trading day is the trading day on which buyers are not entitled to related rights (right to receive dividends, right to subscribe to newly issued shares, right to attend the shareholders' meeting, etc.). The purpose is to finalize the list of shareholders owning the company's shares .

Code	Floor	Ex-dividend date	TH Day	Proportion
BBM	UPCOM	April 23	June 13th	2%
VPD	HOSE	April 23	May 22nd	10%
RAL	HOSE	April 24th	9/5	25%
Excellent student	HOSE	April 24th	May 10th	5%
SZC	HOSE	April 24th	September 26	10%
EPH	UPCOM	April 24th	May 27th	13%
FHS	UPCOM	April 26	May 14th	12%
SCY	UPCOM	April 26	May 15th	3.8%
KTW	UPCOM	April 26	May 17th	2.9%

Source: https://phunuvietnam.vn/chung-khoan-tuan-22-28-4-vn-index-duoc-du-bao-chua-co-tin-hieu-tang-tro-lai-20240422073857202.htm