(NLĐO) – The VN-Index fell sharply at the opening, following global trends, but experts believe the decline will slow down, and investors should not panic.
At 10:00 AM on December 19th, the VN-Index was trading at 1,258.45 points, down 7.55 points from the previous session; the HNX Index fell sharply to 226.48 points after a decrease of 0.96 points; and the Upcom Index also lost another 0.51 points to 92.58 points.
Earlier, the stock market had just opened and plummeted by as much as ten points, falling to 1,253 points in line with the sharp decline in international markets.
A series of stocks plunged into the red. Stocks in the VN30 basket negatively impacted the VN-Index with sharp declines, including VCB, CTG, BID, HPG, TCB, HDB… The few stocks showing gains were BVH, PLX, GEE, PGD, CSV…
The negative point continues to be the net selling trend by foreign investors, who sold more than 260 billion VND net on the HOSE exchange in less than an hour during the morning session, focusing on VPB, SSI, VCB, PDR, VJC, etc.
VN-Index plunged into red again on the morning of December 19th.
Across various investment forums and groups, many investors have expressed frustration that Vietnamese stocks are not rising in line with global trends but are instead frequently "falling sharply in line with global trends." This morning's trading session was no exception.
In overnight trading on international markets, the US Dow Jones index fell 2.58%, marking its first 10-day losing streak since 1974. The S&P 500 fell 2.95% and the Nasdaq Composite fell 3.56% in the same session.
International stocks plunged in Japan, South Korea, and other markets. Investors sold off shares following the US Federal Reserve's decision to cut interest rates by 0.25 percentage points. Although the Fed lowered interest rates for the third time this year, it indicated only two rate cuts in 2025, fewer than the four previously forecast, which contributed to the sell-off in international stocks.
Regarding the VN-Index, in a quick exchange with a reporter from Nguoi Lao Dong Newspaper this morning, Mr. Nguyen The Minh, Director of the Analysis - Individual Client Division at Yuanta Vietnam Securities Company, said that domestic investors are being psychologically affected by international stock markets following the FED's actions; coupled with the VN-Index's low liquidity in recent times; and continuous net selling by foreign investors.
"However, one shouldn't pay too much attention to the FED's decision because the agency frequently changes its decisions regarding the interest rate reduction roadmap and the level of reduction over time. If the VN-Index falls, the decline will be narrow rather than sharp, so investors shouldn't panic and sell off shares. Foreign investors are net sellers, but the amount won't be too large because the supply of shares is no longer abundant," Mr. Minh said.
One factor that experts are more concerned about is that a stronger US dollar in the international market will put pressure on the USD/VND exchange rate. A rising exchange rate will have a greater impact on the domestic stock market.
Mr. Vo Kim Phung, Head of Analysis Department at BETA Securities Company, believes that this is a period where investors need to remain calm and avoid making investment decisions based on emotions.
The market is likely to experience significant volatility in the last two trading sessions of the week as important information is released. Investors should prioritize risk management, maintain a reasonable cash allocation in their portfolios, and avoid chasing rallies when the market rises.
Source: https://nld.com.vn/chung-khoan-viet-lao-doc-theo-the-gioi-chuyen-gia-noi-khong-voi-ban-thao-196241219101844783.htm
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