The stock market remains stable.

On October 26, the domestic stock market experienced a session of strong fluctuations in the direction of deep downward adjustment. At the close of trading on October 26, the VN-Index decreased by -46.21 points, stopping at 1,055.45 points. The HNX-Index also decreased by -12.03 points, closing at 214.98 points; the UPCoM-Index decreased by -2.7 points, to 82.79 points.

However, the positive point is that the good cash flow helped the market liquidity increase strongly today. On the HOSE floor, the total transaction value reached 23,244 billion VND, of which the matched value reached 22,198 billion VND, up +129.46% compared to the previous session. In the whole market, the matched value in the session reached 23.5 trillion VND.

Informing the press, a representative of the State Securities Commission (SSC) affirmed that the domestic stock market still maintains stable operations, despite being greatly affected by many objective factors from the global macro economy and geopolitical instability in a number of countries and regions around the world.

Despite the alternating increases/decreases under the combined impact of many factors, the stock market still shows stability through improved liquidity as well as a positive increase in the number of newly opened investor accounts.

Specifically, after a relatively quiet first quarter, market liquidity in the second and third quarters of 2023 has improved, with the average value in July reaching VND 21,166 billion/session; VND 25,667 billion/session in August and VND 25,264 billion/session in September 2023. As of October 25, market liquidity has decreased due to more cautious investor sentiment after a long growth cycle, as well as negative factors from the world market. Today, when the adjusted price is attractive enough, liquidity has increased again when the matched value reached over VND 23.5 trillion/session, nearly equivalent to the liquidity level in August and September this year.

Along with that, the number of investor accounts in the stock market has continued to increase in recent times, showing the attractiveness of the market. In 9 months, investors opened 926,200 new accounts, bringing the total number of investor accounts as of the end of September to more than 7.8 million accounts, an increase of 13.4% compared to the end of 2022.

According to the State Securities Commission, market developments are affected by many domestic and international macroeconomic factors such as inflation, tight monetary policies in many countries, pressure on exchange rate management, etc. In addition, many major economies, including Vietnam's important trade partners, have slowed down, affecting Vietnam's import and export activities.

However, the Government and ministries, branches and localities have made many efforts to remove difficulties for businesses and people, promote economic growth, improve the investment environment, and lower interest rates have supported production and business activities. Therefore, the domestic stock market is still expected to maintain positive liquidity, as well as be an attractive investment channel for domestic and foreign investors.

The representative of the State Securities Commission also recommended that investors need to comprehensively perceive, analyze and evaluate macroeconomic factors, business production activities of enterprises, receive official information from enterprises, and be especially careful with false and unverified rumors that affect investment decisions.

“The state management agency will closely monitor unusual transactions, check for signs of profiteering, and coordinate closely with competent authorities to strictly handle according to the law those who spread false and fake rumors in the market, causing negative impacts on investor sentiment in the stock market,” the representative of the State Securities Commission affirmed./.

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