In the past week (November 29-December 3, 2021), investment funds all decided to "lower money" to buy a few more shares instead of selling.
Accordingly, on November 29, 2021, a member of CTBC Vietnam Equity Fund of Dragon Capital bought an additional 300,000 shares of HAH of Hai An Transport and Unloading Joint Stock Company, raising the group's ownership ratio here from 5.78%. 2.82 million shares) to 6.39% (3.12 million shares).
Dragon Capital increased its ownership in HAH in the context that this stock price recovered after a 9% drop from the peak of VND 75,700/share (November 17, 2021). Moreover, the buying session of foreign funds was also the session when HAH recorded the highest price with 72,400 VND/share. By the session of December 3, 2021, the price of HAH decreased by 5% compared to the price in the session when the foreign fund Dragon Capital bought in, down to 68,600 VND/share.
On the same day, November 29, 2021, the foreign fund AFC Vietnam Fund in turn bought 22,500 shares of UIC (IDICO Housing and Urban Development Investment JSC) and 19,700 shares of DAD (Da Nang Education Development and Investment JSC).
After the transaction, AFC Vietnam Fund increased its ownership in UIC to 13.08% and in DAD to 16.27%.
Foreign funds bought more shares of these two companies in the context that the stock price recovered after falling from the peak.
Source: HOSE, HNX, VSD, SSC
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.
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).
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