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 the increase of many stocks. However, the above development could not be maintained for long when the selling pressure quickly increased, pushing the key indexes into a negative state.
Right from the beginning of the session, bank codes such asSHB , 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 codes 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, except for SHS (+1.38%), VIX (+1.37%) which maintained 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 industries. Real estate, industry, services and essential consumer goods are mostly 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 harmony with the negative developments on the regional exchanges. Most stock indexes in the region are under correction pressure, except from India.
The above developments occurred right after the US Federal Reserve (Fed) decided to keep the reference interest rate unchanged 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 after that, the US stock market had an adjustment when the S&P 500 decreased 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 contexts being volatile, the Vietnamese stock market will likely 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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