The news that Russia began to withdraw troops near Ukraine boosted global financial market sentiment, and Vietnam's stock market is no exception. In early trading, the Vietnam index jumped high and opened close to the resistance level of 1500 points. However, the market continued to do more confidence is still insufficient, the market opened high and went low. Especially in the afternoon, the selling pressure gradually increased, and the banking sector fell sharply, leading to the shock and decline of Vietnam index. At the end of early trading, the Vietnam index fell slightly by 0.65 points to 1492.10 points. The trading volume has increased compared with yesterday, but it is still low. The trading volume in Ho Chi Minh market is only 20.018 trillion dong (about 5.58 billion yuan). Overall, in the context of the unstable trend of the global stock market, the floor funds are still very cautious.
Although the Vietnam index fell slightly, individual stocks and sectors generally closed up. A total of 15 of the 21 sectors rose. Among them, the real estate sector (up 2.6%) and the construction sector (up 3%) soared collectively, and many stocks blocked the daily limit one after another. In addition, the insurance sector (up 1.8%), aquatic sector (up 1.7%) and chemical fertilizer sector (up 1.6%) all strengthened simultaneously. On the contrary, the banking sector (down 0.6%) became the main factor dragging down the decline of Vietnam index. Due to the increasing demand of the banking industry for mobilizing funds, the deposit interest rate tends to increase recently. Since the extension of debt restructuring in the third quarter of 2021, the increasing pressure on bad debts will become a difficult problem for the banking sector in 2022.
The total net sales of foreign capital in Ho Chi Minh market was only 9.34 billion Vietnamese Dong (about 2.6 million yuan). Sales were concentrated in vnm Vietnam milk company (net sales of 79.7 billion vnd ≈ 22.2 million yuan) and HPG Hefa group (net sales of 55.4 billion vnd ≈ 15.4 million yuan). Vnm was once the leading stock in the milk industry in Vietnam's stock market, but after successfully occupying the Chinese market, it faced many difficulties in expanding the foreign market. The market expectation and growth space were poor, so it was gradually abandoned by foreign capital.
Investment advice
The Vietnam index is under pressure near the 1500 point resistance level, and the periodic adjustment has not ended. The market needs to fall back and regain momentum, and market sentiment needs to be boosted. After a period of adjustment, the real estate sector today ushered in a strong rebound, which is also a sector we are very optimistic about. In order to resist the risk of inflation, a large amount of funds may flow into the real estate sector, so the real estate industry has great growth potential in the future. Today's noteworthy stocks include: BVH Baoyue group, DBC dabaco Group Co., Ltd., NBB 577 Co., Ltd., REE Leng electromechanical Co., Ltd., l18-18 investment and Construction Co., Ltd.
