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Sunday, June 16, 2024

Corrections: opportunity or concern?

By Trieu Duong

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The stock market is poised for a new uptrend, making corrections potentially an opportunity for investors to bolster their holdings. However, in light of recent unsettling news, perhaps investors should exercise caution given potential risks. Troubling indications? On November 17, the VN-Index experienced a substantial decline of 24 points, equivalent to a drop of over 2.1%, marking its most significant downturn since the recovery phase that commenced on November 1. Concurrently, market liquidity surged, with the trading volume on the HOSE alone surpassing 1.17 billion shares, nearly double the previous session’s volume. This surge in activity suggests that sellers are determined to divest their holdings at any cost. Some argue that corrections are inevitable in the market following a series of rapid and substantial gains in the first half of November. However, on the same day, rumors swirled on investment forums regarding a U.S. law firm’s investigation into whether VinFast and some of its top executives made false or misleading statements or failed to disclose material information to investors. While such litigation in the United States is not uncommon, it is evident that this news has significantly impacted market sentiment. During the November 17 session, Vingroup’s stock, VIC, plummeted by […]
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