In the trading session before Christmas, the VN-Index recorded a tense performance when the group of stocks under the Vingroup had opposite movements.
However, because VHM was held to a higher ceiling, while VIC and VPL only decreased slightly, Vingroup still contributed nearly 7 points to the VN-Index. In addition to the Vingroup group, the index also received support from large stocks, most of which are stocks in the banking and securities group, notably STB, VPB, LPB, SSI...
At the end of the session on December 24, the VN Index increased by 10.67 points, equivalent to 0.6%, to 1,782.8 points. Despite the strong increase, the HoSE electricity board is leaning towards red with 169 codes down compared to 144 codes up. In contrast to the heat of the score, HoSE's liquidity continued to cool down. The entire HoSE exchange only has 790 million shares transferred, equivalent to a trading value of more than VND 24,300 billion.
The index's increase continues to be contributed by foreign investors. Yesterday's session, this group net bought more than VND1,000 billion on the HoSE. In the buying direction, STB shares were bought the most by foreign investors on HOSE with a value of more than 221 billion VND. Following that, MBB was the next code to strongly collect 145 billion VND. In addition, SSI and MWG were also purchased for VND 140 and 133 billion, respectively.
In contrast, DGC is the foreign exchange share with the strongest sale at VND 97 billion. Following that, VIC and HPG stocks were also "disbursed" VND80 billion and VND72 billion.
Since the beginning of the year, Vingroup has contributed a total of 388 points to the VN-Index, while the index has increased by about 500 points. Mr. Petri Deryng - head of Pyn Elite Fund said that Vingroup's shares increased sharply thanks to the benefits of infrastructure investment projects. The company's valuation is based on cash flow in the future, it is difficult to convert it into accurate profit figures in the short term.
It is undeniable that the breakthrough of Vingroup is the main driving force to push the stock market above the peak. However, investors also believe that this is part of the reason why the majority of investors feel difficult in 2025.
At present, although Vingroup stocks are dominating the market very strongly, in general, there will still be industries with repeated cycles.
A survey by Yuanta Securities Vietnam on the developments of industry groups in the new year transition period, from December to February every year (2017 - 2024), shows a clear differentiation between industry groups when entering the New Year and Lunar New Year holidays.
On a three-month average, the Khai Mineral group is the group with the highest efficiency with an average increase of 5.78%. Except for January when the industry's growth rate was only 2.56%, in December and February, the industry's performance recorded an increase of over 7%.
Followed by oil and gas-related groups, including oil and gas and equipment, services & oil and gas, all recorded an average increase of approximately 5.4%. In general, oil and gas and mining maintained a relatively stable increase throughout the three months.
In the financial group, banks and securities companies both recorded positive performance in the period from December to February, but the increase rate and pace have a clear difference.
For the Bank, the average increase in the three months reached 4.6%, in the leading group in the whole market. The highlight is January - the time right before and during the Tet holiday - recording an increase of up to 6.9%, significantly higher than December (3.1%) and February (3.8%).
This shows that historically, the Bank often has the strongest increase in the first month of the year, contributing significantly to the overall market performance during this period. Meanwhile, Securities Company had an average increase of 3.4% over the three months, with the lowest increase in January alone being only 0.67%.
