VN-Index reaches record liquidity, immediately loses 20 points, what do investors do?

VN-Index opened the week with an unexpected performance, "free falling" to 42 points in the morning session, closing with a decrease of 20 points. The real estate group was the only industry group that made waves.

Record liquidity, VN-Index plummets at the beginning of the week

At the beginning of the new week, the VN-Index had a sharp drop that surprised the market. At the end of the morning session, the index reached its lowest point at 1,221.67 points, down more than 42 points. This decrease reminded investors of the 55-point decrease 7 months ago.

At the end of the session, VN-Index significantly narrowed its decline by more than 20 points to 1,243.56 points. However, this figure is the highest decline in the past 4 months.

Notably, market liquidity has even increased dramatically with a total of 48,000 billion VND changing hands on the entire floor. On the HOSE floor alone, liquidity reached more than 43,100 billion VND, equivalent to 1.61 billion shares, up 62% compared to the average of the past month (20 sessions).

Gần 2 tỷ USD đổ vào chứng khoán trong phiên giảm 20 điểm, nhà đầu tư nên làm gì?- Ảnh 1. — The color "red" covers the market. The colors "purple" and "blue" rarely appear in the real estate industry.

Contrary to the market shock, the real estate group is still soaring. Demand appeared in 2 "Vin family" stocks: VRE (Vincom Retail, HOSE) and VIC ( Vingroup , HOSE). From there, positive waves spread to many real estate blue-chips such as: NVL (Novaland, HOSE), BCG (Bamboo Capital, HOSE), PDR (Phat Dat Real Estate, HOSE), KDH (Khadi House, HOSE)...

Gần 2 tỷ USD đổ vào chứng khoán trong phiên giảm 20 điểm, nhà đầu tư nên làm gì?- Ảnh 2. — DIG shares went against the trend and hit the ceiling, helping the market price increase by nearly 10% after only 1 month (Source: SSI iBoard)

At the end of the session, shares of QCG (Quoc Cuong Gia Lai , HOSE), TDH (Thu Duc Housing Development, HOSE), DIG (DIC Group, HOSE) and VRE (Vincom Retail. HOSE) also hit the ceiling, VIC (Vingroup, HOSE) increased by 3.8%, HQC (Hoang Quan Real Estate, HOSE) increased by 4.9%,...

Regarding the real estate group, the Ho Chi Minh City Real Estate Association (HoREA) assessed that by the end of 2023, the real estate market in the country and Ho Chi Minh City had overcome the most difficult period and entered the recovery cycle. This shows a positive signal from the real estate industry this year.

The VN30 group also fell sharply by 20.68 points (-1.65%), closing at 1,235.74 points, with high trading volume of 407 million units.

In addition, foreign investors marked the 5th consecutive strong net selling session with a value of nearly 990 billion VND.

Faced with this development, many investors shared their panic when the market plummeted right at the beginning of the new week. On the contrary, some other investors were quite calm and shared that the current time is a good opportunity for them to collect potential stocks at attractive prices.

According to SSI Research's technical analysis, the weakening trend in VN-Index is quite clear. However, with a strong recovery, VN-Index may stop the short-term decline and retest the resistance level of 1,252 - 1,254 before continuing the trend.

VN-Index still has many growth prospects?

The market has been fluctuating quite strongly since last week. Speaking to PNVN, Ms. Nguyen Ly Thu Ha, senior investment strategy expert, SSI Research, said that the market has recovered significantly since the end of October 2023 with a ceiling increase of 22% on the VN-Index. Concerns about the increase in exchange rates and the intervention actions of the State Bank have triggered more decisive profit-taking from investors, which is the cause of recent market fluctuations.

Regarding the VN30 group, SSI Research commented that the reaction was quite positive from the support zone of 1,220 points and recovery, the index could recover slightly to the zone of 1,249 - 1,250 points before establishing the official trend.

Giving some notes to investors , Ms. Thu Ha said that the market is about to pass the first quarter of 2024 smoothly, entering the second quarter of 2024, the market may welcome stronger fluctuations due to positive factors: expectations of profit growth recovery, shareholder meeting season, low interest rate environment and some intertwined risks: exchange rate fluctuations, Fed maintaining high interest rates.

Therefore, investors should have a specific strategy, a risk prevention plan, and limit "panic" during this period. In addition, they should diversify their assets among investment channels. In particular, stocks are still an attractive channel with many promising opportunities and higher liquidity than defensive channels such as gold or savings.

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