Vietnam's stock market has just dropped again after the Fed's move - Photo: HA QUAN
Opening the trading session this morning (July 31), the Vietnamese stock market was quite positive with many stocks increasing. However, the above developments did not last long when selling pressure quickly increased, pushing the key indexes into a negative state.
Right from the beginning of the session, bank codes such as SHB , VPB, STB... all recorded good increases, partly reflecting investors' confidence in the profit prospects for the second quarter. Securities groups such as SHS, VIX also increased well thanks to expectations of benefiting from improved liquidity.
However, the picture is not entirely bright when some stocks in the same industry are trading negatively, such as TCB (-1.88%), MSB (-3.57%), EIB (-3.1%), ACB (-1.09%), HDB (-2.44%), BID (-1.31%), LPB (-2.19%), TPB (-2.2%)... This shows a strong differentiation between stocks in the same group.
Similar to the stock group, apart from SHS (+1.38%), VIX (+1.37%) maintaining a slight green color at the end of the morning session, most of the rest adjusted such as VCI (-1.67%), SSI (-1.77%), HCM (-1.76%), MBS (-2.47%), FTS (-1.96%), CTS (-2.47%), ORS (-4.05%)...
The mixed performance is more evident when looking at large-cap industry groups. Real estate, industry, services and essential consumer goods are all in the red.
In particular, market-leading stocks such as VIC (-2.47%), VHM (-3.17%), VNM (-3.02%), HPG (-1.97%), MSN (-2.47%), VJC (-2.79%)... are the focus of pressure, pulling back the growth of the general index.
This is a notable signal, as these groups of stocks often play a role in supporting the market during periods of strong fluctuations.
At the end of the morning session, VN-Index lost more than 15 points, falling back to 1,492.4 points. The VN30 group lost more points with nearly 25 points, falling back to 1,606 points when 20/30 stocks decreased. Liquidity on the HoSE floor alone was nearly 23,300 billion VND.
The red color of the Vietnamese market is in line with the negative developments on the regional exchanges. Most stock indexes in the region are under correction pressure, except for India.
The above developments occurred right after the US Federal Reserve (Fed) decided to keep the reference interest rate at 4.25-4.5% in its meeting on July 30. Many experts believe that this could be one of the factors affecting market sentiment today.
Specifically, in the announcement after the meeting, the Fed commented that the unemployment rate remains low, the labor market is strong and inflation is accelerating. This is the fifth consecutive time that the agency has not adjusted interest rates despite pressure from President Trump.
Immediately afterwards, the US stock market made an adjustment when the S&P 500 fell 0.12% to 6,362.90 points, Dow Jones lost 171.71 points, stopping at 44,461.28 points, while Nasdaq Composite increased slightly by 0.15% to 21,129.67 points.
With both domestic and international situations being volatile, the Vietnamese stock market is likely to continue to fluctuate within a narrow range.
Divergence between sectors and stocks will be the main trend in the short term, while investors are waiting for new information on monetary policy moves.
Source: https://tuoitre.vn/chung-khoan-viet-nam-lai-quay-dau-giam-manh-dau-la-ly-do-202507311154277.htm
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