In today's trading session on December 5, the stock market had a time when it increased sharply, approaching the threshold of 1,760 points. However, the market quickly returned to the old state with the "green skin, red heart" trend in the context of e-boards being strongly dominated by stocks.
At the end of the trading session, the market recorded the 8th consecutive increase, but liquidity returned to a low average level. VN-Index increased by 4.08 points to 1,741.32 points. Thus, for the whole week, the VN-Index increased by 50.33 points, equivalent to 2.98%.
The total trading volume reached more than 658 million units, worth VND 20,053.7 billion. Foreign investors' transactions are a minus point when they turned to net sell about 678 billion VND after two recent strong net buying sessions.
In today's trading session, VIC shares hit the ceiling price of VND 142,800, matching more than 7 million units, and on the trading day, they did not enjoy the right to receive increased capital from equity in a ratio of 1:1.
VIC shares are also the main contributor to the VN-Index with more than 9 positive points. While other bluechips were quite gloomy, VJC and VHM were the two remaining stocks that increased slightly.
Returning to the general developments of the stock market, liquidity is still of interest to investors in the context of bank interest rates tending to increase again. Initially, the increase only appeared at some banks and some terms in the August-September period, but in October-November, this trend spread throughout the system with many terms adjusted.
According to observations, interest rates are likely to have some room to increase slightly in the coming time, in line with the current state of supply and demand. Developments in the mobilization market also show a clear differentiation: the private banking group increases interest rates significantly faster than the state-owned enterprise group.
Deposit interest rates at many banks have increased in many terms, causing many investors to worry as the cheap money period of the market has passed.
Economic expert Dr. Nguyen Duy Phuong, Investment Director of DG Capital, said that when interest rates increase sharply to high areas with tight policies, it is a big risk period for channels such as stocks and real estate. However, there is currently a risk of the stock market being affected and entering a sharp downward cycle, but it is still necessary to closely monitor interest rate and exchange rate developments.
The "cheap period" of extremely high liquidity has passed, meaning that short-term speculative activities using risky stocks no longer have much room. This is the time that requires careful selection and perseverance, instead of transactions following emotions like in the previous stage, Dr. Phuong stated.
