Stocks break through 1,250 points, investors are nervous at the end of the week

VN-Index decreased nearly 14 points

The plunge in the last few minutes of the afternoon session this afternoon (June 28) caused all indices on the market to fall sharply. VN-Index closed down 13.77 points, or 1.09%, at 1,245.32 points; HNX-Index fell 2.48 points, or 1.03%, and UPCoM-Index fell 0.99 points, or 1%.

With stocks discounted deeper than in the morning session, cash flow into the market was triggered. Trading volume on HoSE accordingly improved to 840.42 million shares, equivalent to a trading value of VND20,857.01 billion, significantly higher than yesterday's session.

HNX has 66.38 million shares traded, equivalent to VND 1,245.04 billion, and UPCoM has 79.45 million shares, equivalent to VND 1,191.8 billion.

Top stocks affecting VN-Index session 6/28 (Source: DNSE).

The sudden plunge of the VN-Index on the last trading day of Friday will make investors enter the weekend with a nervous mood.

Many securities stocks recorded deep declines: TVS suffered the heaviest loss, down 5.5%; APG down 4.9%; HAC down 4.3%; DSC down 3.9%; BVS down 3.6%; TCI down 3.6%; IVS down 3.4%; AGR down 3.4%; ORS down 3.1%; SHS down 2.9%; FTS down 2.8%; APS down 2.7%. Only 3 stocks in this industry reached an increase in price during the session: VIG, VDS, VCI and CTS.

SHB shares attracted attention when they still achieved a price increase of 0.9% to 11,400 VND with 19.7 million units matched.

Some other stocks that achieved good price growth were EIB up 3%; SGB, PGB, HDB. Meanwhile, many other stocks in the same industry adjusted. VBB decreased 5.6%; KLB, VAB, BID, VPB, BVB, LPB, TPB, OCB , MSB, STB decreased quite strongly.

Real estate stocks were divided. HU6 and SDU on UPCoM hit the ceiling, MGR increased by 10%; PXL increased by 6.7%; SZG increased by 4.2%; TDH increased by 2.9%. Vingroup family including VIC, VRE, VHM increased slightly. On the contrary, PVL and EVG decreased by the largest amplitude, VRC decreased by 6.7%; QCG decreased by 6.2%; CCL decreased by 5.7%; VPH decreased by 5.2%; NHA decreased by 5.1%; NDN decreased by 5%; SZC decreased by 4.1%.

Market liquidity improved compared to the previous session (Source: VNDS).

Many stocks in the transportation and warehousing industry still hit the ceiling

While the market was adjusting broadly, many stocks in the transportation and warehousing industry still hit the ceiling, with the strongest increase on UPCoM: IST, VNA, ILC, VST, DDM, VSG, NOS increased by the largest margin; SGS increased by 10.8%; RCC increased by 10.7%; QSP increased by 9.1%; BSG increased by 8.2%. In addition, VSC, HAH, VOS also recorded price increases. At the same time, some codes such as MVN, STT, EMS, CCR, CPI, PGT also decreased sharply, but liquidity was low.

According to Dr. Ho Sy Hoa, Director of Research and Investment Consulting at DNSE Securities Company, in the context of global economic recovery and increasing geopolitical instability in the Red Sea region, the port and transportation industry is expected to benefit.

Container freight rates have tripled since the beginning of the year, and increased by nearly 100% over the same period, especially freight rates on routes from China to New York, Los Angeles and Rotterdam.

The main reasons are the strong increase in demand in the US and Europe; increased geopolitical instability in the Red Sea, leading to longer shipping routes, resulting in higher freight rates; and demand exceeding supply, leading to a situation where supply capacity is not enough to meet the growing demand from major economies.

The last reason, which can be considered the most important, is the trend of avoiding tariffs on Chinese goods by the US. In the new US presidential term, if Mr. Trump or Mr. Biden is re-elected, both are expected to impose high tariffs on Chinese goods.

If Mr. Trump is elected, tariffs could increase to 60% and possibly higher; while if Mr. Biden is elected, tariffs on lithium-ion batteries for electric vehicles and lithium batteries for other uses imported from China into the United States are expected to triple.

In addition, starting in 2025, tariffs on imported Chinese semiconductors will increase from 25% to 50%. China is pushing to push Chinese-made goods to the US and neighboring countries, ready to accept them back. Therefore, container freight rates are expected to continue to increase in the near future.

Source: https://dantri.com.vn/kinh-doanh/chung-khoan-xuyen-thung-1250-diem-gioi-dau-tu-thap-thom-cuoi-tuan-20240628154108065.htm