The stock market suddenly fell sharply when the momentum to regain balance was quite weak due to the lack of support from pillar stocks and cautious demand.
Selling pressure only needs to increase slightly to make the market move further away from the reference level. Foreign investors also "contributed" by net selling more than 710 billion VND, nearly 2.5 times higher than the previous session.
Although the VN-Index recorded a downward correction, it is still possible to see the differentiation between stocks in the market, thereby opening up opportunities for investors to disburse bottom-fishing at discounted prices for short-term surfing purposes.
Analysts believe that the market may have some more fluctuations in the coming sessions. However, the view on the main recovery trend remains firm until macroeconomic factors and cash flow change in an unfavorable direction that affects the market.
In December, analysts believe that data on credit growth and public investment disbursement progress will likely return to the spotlight of investors. Convincing enough figures will create more confidence for investors in the economy’s internal strength expectations in the new year.
In addition, the persistent stories about exchange rates, foreign investors, the Fed's interest rate cut roadmap, expectations about US tax policies on Vietnamese exports; further, the results of anti-dumping investigations may be factors that the market will repeat to support/resist the index's performance in the coming period.
For the market to go further and create an upward wave, strong cash flow is always needed, big players must join in, and expectations must gradually increase.
This is exactly what is lacking when the market is in an information slump. Cash flow is weak because investors are waiting for lower prices, especially when market stocks such as banks, securities, steel, real estate, and retail have not yet formed a clear equilibrium.
One point worth noting is that, while the secondary market is trading so sluggishly, the fact that lending deals are still bustling at securities companies raises issues worth pondering.
A debt market with gray areas that can be difficult to control if not properly recognized and measured with tools to get the whole picture can potentially pose unpredictable risks.
There is only 1 month left to end 2024 with many unpredictable fluctuations. The market grew about 100 points last year, in which there were many strong fluctuations during the year.
Market developments during the year were not as many investors expected. In general, investors still expect the market to trade more excitedly and grow more stably in the last month of the year.
The first concern is still macroeconomic stability in the context of the global economy next year forecast to have many unpredictable fluctuations.
There will be many unexpected variables happening next year, investors can only wait and adapt, it is difficult to predict.
During this period, investors should focus on observing long-term investment stocks with positive fundamentals and business prospects; consider disbursing when the market has clearer confirmation signals of an upward trend accompanied by a good increase in liquidity, while closely following exchange rate developments and world markets to manage short-term risks.
