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Update news stock market
Current difficulties, plus unclear prospects, pulled Vinamilk shares (VNM) out of the top 5 shares with largest capitalization value last year and the top 10 recently.
2021 was a prosperous year for steel manufacturers with profits increasing sharply compared with the year before. However, some manufacturers had poor business.
Escalating geopolitical tensions between Russia and Ukraine would have a short-term impact on the Vietnamese stock market, but the market still has positive growth prospects in the long term thanks to stable macro factors.
Liquidity has increased sharply over the last three trading sessions, especially since February 24, when Russia triggered the latest war with Ukraine. Cash flow is strong with liquidity of VND30 trillion each trading session.
Here are among the most notable business events reported recently.
Dr. Nguyen Tri Hieu, financial and banking expert, warned that the increasing tensions between Russia and Ukraine would negatively affect Vietnam’s stock market.
Positive news about the resumption of aviation and tourism services have helped tourism stocks to surge, with many even hitting celling prices continuously.
Experts believe that once the KRX trading system begins official operations, many international organisations will re-evaluate the Vietnamese market to upgrade it to an emerging market.
The prices of bank stocks will split further in 2022 due to the revenue, profit prospects, low bad debt risk and position of each bank.
Vietnam’s stock market is expected to grow further this year as the Government has increased public investment, creating a premise for long-term growth.
Both domestic retail and institutional foreign investors are anticipated to significantly engage in Vietnam’s stock market this year, propelled by an affirmative legal framework.
Foreign investors net sold billions of US dollars on Vietnam’s stock market in 2021, but in the first month of 2022, the foreign capital flow has started to return.
With a relatively attractive valuation and a bullish industry outlook, seafood stocks are expected to grow positively in 2022.
Analysts all have optimistic forecasts about cash flow to Vietnam in 2022 and upcoming years after a year of net withdrawals.
In the first trading session of 2022, Vietnam's stock market reached a historic peak of 1,517.95 points, and trading volume of over 526 million shares, equivalent to more than 16,688 billion VND.
The last trading sessions on the stock market in Vietnam in 2021 witnessed the old trick of spreading bad news for the purpose of devaluing stocks and buying cheaper shares, which also led to several investors suffering heavy losses.
Nearly 190,000 new individual investor accounts were opened in December 2021, bringing the total number of accounts opened last year to approximately 1.5 million.
Cash has been flowing to bank shares amid the VN Index decline and the sale of shares in other business fields.
With a solid financial foundation, bright prospects in the medium and long term, stocks of renewable energy companies are attracting more and more investors.
A scenario is reoccurring in the stock market. Most stocks have fallen dramatically during pre-Tet days, causing widespread panic.