Banking stocks pulled VN-Index below 1,450 points

 

The two market indexes spent the week of November 29-December 3, 2021 quite negative when they both dropped points. Specifically, VN-Index decreased by 2.61%, to 1,443.32 points. Meanwhile, HNX-Index ended the week with 449.27 points, down 1.96%.

On the other hand, the liquidity on the two exchanges had opposite movements. The matching volume on HOSE decreased by 11.87% compared to the previous trading week, to 890 million shares/session. On the HNX, the average liquidity increased by 6.76% to 138 million shares/session.

The main reason leading to the VN-Index's decline week was banking stocks. Of the 10 stocks that had the most negative impact on the index last week, there were 6 stocks in this group. Leading was VCB (HM:VCB) with more than 6.5 points pulling down, followed by VPB (HM:VPB), BID (HM:BID), TCB (HM:TCB), MBB (HM:MBB), CTG (HM: CTG). In total, these 6 stocks dragged down nearly 21 points of the index.

Banking stocks continued to stagnate in the context that Vietnam was "slow in pace" with the world when central banks around the world expected to raise interest rates, but Vietnam decreased, said Dr. Le Xuan Nghia at the seminar "Leading the circuit to restore economic growth" said that it is necessary for planners to carefully consider the effectiveness of the State Bank's $35-36 billion stimulus policy.

* Dr. Le Xuan Nghia: ''Don't push risks to commercial banks''

* Corporate bonds rose 'fast and hot', the Ministry of Finance directed urgently

Contrary to the negative of banking group, VIC (HM: VIC) was the stock that helped the index anchor at support areas. Specifically, VIC alone regained more than 7.35 points for the index.

For the remaining 9 stocks in the top 10 stocks that supported the index the most this week, except for DHG (HM: DHG) and HAG (HM: HAG), the remaining 8 stocks were related to the real estate sector, including : DXG (HM:DXG), KBC (HM:KBC), HDC (HM:HDC), CRE (HM:CRE), ITA (HM:ITA), ROS (HM:ROS) and VGC (HN:VGC).

* Real estate enterprises issued nearly 6 billion USD of bonds

Particularly for stocks related to industrial park real estate such as KBC, ITA, and VGC, the positive change took place in the context that developers believe that industrial real estate leasing will be effective. more in 2022 when tenants have more options for new supply.

* Land rent in industrial zones will increase sharply next year?

* Legal "shield" for real estate formed in the future

Moving in the same direction as the VN-Index, the VN30 basket was also in the red when 27 stocks fell, 2 stocks pulled up, VIC and NVL (HM:NVL), and 1 stock with zero influence point. POW (HM:POW).

VIC continued to play the "pillar" role in the index basket when supporting the index of 8.9 points. On the contrary, two banking codes, VPB and TCB, played the role of "hold on" of the index when pulling down more than 20 points.

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