Two market indexes continued to extend their gaining momentum in the trading week of December 13-17, 2021. VN-Index increased by 1.11%, reaching the threshold of 1,479.79 points. Meanwhile, HNX-Index ended the week with 456.2 points, up 1.21%.
Following the uptrend, the liquidity on both exchanges recorded positive signals. Specifically, the average matching volume of the week on HOSE reached more than 909 million shares/session, up 20.06% compared to the previous trading week. As for the HNX, the average liquidity increased by 5.11%, to nearly 17 million shares/session.
The market recorded the return of real estate stocks when 7 stocks of this group were in the top 10 most positively affected stocks, including VHM (HM: VHM), BCM (HM: BCM), DIG (HM:DIG), NLG (HM:NLG) and NVL (HM:NVL), VGC (HN:VGC) and GVR (HM:GVR).
Leading real estate stocks last week were VHM and BCM, each stock contributed approximately 4 points to the index. The fact that the two "big guys" represent both residential and industrial real estate have positive signals, showing that many investors are placing high expectations on the real estate market.
In the past few days, the successful auction of 4 plots of land in Thu Thiem, Ho Chi Minh City with the winning amount 7 times higher than the starting price has attracted strong social interest. The interest is not only because of the unusually high price, ie 1.2 billion VND/m2 on average, but also because it is still associated with the name Thu Thiem, which has gone through a period of ups and downs because of... land!
* Land of Thu Thiem turned around after the auction!
* What experts say about the 'unprecedented' land auction in Thu Thiem
Contrary to the positive of real estate, banking codes held back the index last week. Specifically, there are 5 banking stocks in the top 10 most negatively affected stocks, including VCB (HM:VCB), VPB (HM:VPB), HDB (HM:HDB), SHB (HM: SHB) and TCB (HM:TCB). In total, these 5 stocks dragged down 7 points of the index.
The negativity of banking stocks occurred in the context that the dong was depreciating again, the dong interest rate also showed signs of moving up again in recent days, a number of banks have there is a move to increase deposit interest rates towards the end of the year. Basically, the depreciation of the local currency will put pressure on interest rates, as investors demand higher interest rates to offset the risk of devaluation.
