While November and December 2021 recorded a record number of new personal accounts in the country, January 2022 showed a sharp decrease.
According to data from the Vietnam Securities Depository (VSD), in January 2022, the number of new accounts opened was 194,835 accounts, bringing the total number of current accounts to over 4.5 million accounts.
Thus, January 2022 reduced 31,512 accounts compared to the record time of account opening in December 2021. This number also decreased sharply compared to the time of November 2021, which was 220,000 accounts.
Of the 194,835 newly opened accounts, most of them were newly opened accounts of domestic individual investors, the number of which reached 194,305 accounts, accounting for 99.73%. The number of accounts of domestic individual investors has reached 4,452,029 accounts, accounting for 98.82% of current accounts.
The number of new individual investor accounts opened in 2021 increased to a record
The number of securities trading accounts of institutional investors is 13,187 accounts. The number of securities trading accounts of foreign investors is 39,830 accounts, of which foreign individual investors have 35,676 accounts and 4,154 accounts of institutional investors.
The number of new accounts opened by domestic institutional investors, foreign individual investors and foreign institutional investors all increased compared to December 2021. Accordingly, the number of new openings in January 2022 of domestic institutional investors is 210, foreign individual investors are 302 and foreign institutional investors are 18 accounts.
Entering 2022, along with the decrease in the number of newly opened accounts, many forecasts suggest that the money of individual investors will no longer roll into the market when the growth momentum of the stock market is now over. not much. Meanwhile, the stock market is still under great pressure from inflation, the Fed's interest rate hike, Russia's tension with Ukraine or even the nearly 350,000 billion dong economic recovery support package announced by the Government. Other speculative channels are equally attractive such as land, gold, and virtual currency.
In fact, the cash flow into the market showed signs of decreasing, investor sentiment began to falter, and liquidity dropped significantly. In November 2021, the market liquidity averaged 40,000 billion VND/session, December 2021 plummeted 17% to somewhere around 33,000 billion VND/session. Entering January 2022, the liquidity was only 19,400 billion VND/session. In the last 10 trading sessions, the average liquidity was only 15,000 billion dong, halving compared to the end of 2021.
Market commentary on February 14 , securities experts said that the market trend has not shown signs of change .
Asean Securities Company - AseanSC advises investors to be cautious.
According to AseanSC, the market on Friday recorded the first correction after 5 consecutive gaining sessions, in the context of a slight decrease in liquidity and lower than 20 session average. Cautiousness prevailed in the market following concerns that the Fed would raise interest rates more "aggressively" than previously forecast.
AseanSC believes that the current trend of the market is not really clear yet, so caution is necessary in this period. It is forecasted that in the next trading session, selling pressure at the resistance area near 1,505 - 1,510 points may cause VN-Index to turn down in the morning to test the support area near 1,495 - 1,500 points, and beyond. support 1,485 – 1,490 points. The tug-of-war is expected to appear at the low price area and can help the index have a certain recovery later, before there is a clearer trend delineation at the end of the day.
BIDV Securities Company - BSC also said that the negative fluctuations of the world due to rising inflation and the February futures contract due next week made market movements unpredictable. VN-Index is forecasted to accumulate again from 1,475 to 1,500 points before regaining the momentum to test the peak at 1,530 points.
From another perspective, Saigon-Hanoi Securities Company - SHS believes that the market will continue to increase.
According to statistics, the market has increased by 5/6 times in the period 2016-2021 around 3 months after Tet (only 2020 will decrease due to the impact of Covid-19). Therefore, in the next trading week of the Tiger New Year 2022 February 14-18, VN-Index may continue to increase to aim for higher levels when the cash flow back to the market is better than before. with last week. Investors participating in bottom fishing in the sessions of January 12, January 18 and January 24 can continue to hold the current portfolio to take advantage of the market's uptrend.