Many investors have multiplied their accounts by 2 times 3 before the impressive growth of real estate stocks for a long time in 2021. However, it was only a few days before the beginning of 2022, like a domino phenomenon. The market suddenly "red on fire" made many investors unable to react.
The trigger of this downturn was the fact that Chairman Trinh Van Quyet illegally sold nearly 75 million FLC shares, followed by Tan Hoang Minh Group who suddenly announced that they had dropped the stake of the winning plot of land at the auction of VND 24,500 billion in Thu Thiem... The stock price list dyed red appeared with a denser frequency, from real estate stocks, construction materials to banking stocks also suffered the same fate.
Anh Dung (33 years old) – an F0 investor said that he has only been involved in securities trading for half a year, but he is also planning to "leave the game" because of the shocks encountered in the "red" trading sessions. fire" recently.
According to Mr. Dung, he himself has 8 stock codes in many different fields, from real estate, finance, retail,.... “I thought it would be safe to put eggs in many baskets, but I never expected that in recent sessions, every industry has fallen, many stocks that fell to the floor still have no buyers. If you sell, you will lose, but if you continue to hold, you may even lose more," Dung said.
Mr. Dung confided that because he had no knowledge of economics or investment, he mainly bought under the advice of brokers and joined groups. Not only him, but many of his acquaintances are also "shocked" when the market reverses in recent sessions, especially those who missed "boarding" the "FLC" stock group.
The incident of President Trinh Van Quyet illegally selling stocks like a black swan changed investor psychology from excitement to panic, these stocks were "pumped up" and sold at the floor price of tens of millions of units in each session. but could not match due to loss of liquidity.
As of January 17, trading on HNX, ART recorded a decrease of 38% to 10,100 VND/share; KLF "evaporated" 21% to 6,400 VND/share; ROS dropped 23% to 10,500 VND/share. While on the HoSE with a narrower margin, FLC fell 17% after 10 sessions to 15,000 dong/share, HAI fell 12% to 6,910 dong/share, and AMD fell 12% to 7,180 dong/share, (vs. the last trading session of 2021),…
"Invest the whole year, look at the electricity board every day but in the end don't make any profit. The opportunity to make money from stocks is very high, but maybe not for everyone, I am one of them." Dung added sadly.
Indeed, the sudden turn of the FLC stocks and real estate has had a great influence on the Vietnamese stock market in the days leading up to the Lunar New Year of the Tiger in 2022. The market witnessed the flight of a series of houses. investment, causing a collapse of more than 43 points in the market in the session 17/1. With this deep drop, the session became another "Black Monday" day for Vietnamese stocks under overwhelming selling pressure in many stock groups.
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