The stock market experienced a sharp decline in the second week of December and is expected to remain in a correction phase through the end of the year, despite optimistic forecasts for future economic growth. What factors are exerting downward pressure on the market? Under interest rate pressure On December 12, the VN-Index plunged more than 52 points, equivalent to a decline of over 3%, and closed the week with a 5.4% drop—the steepest weekly fall since April. This marked the third time in the past two years that the index has lost more than 5% in a single week. After four consecutive sessions of retreat from its recent peak of 1,800 points, the VN-Index erased all gains accumulated over the previous three weeks and surrendered about 62% of the rebound from its 1,580-point bottom. Among the stocks exerting the greatest downward pressure during the second week of December was VHM, which alone dragged the index down by 12.3 points. VPL followed, contributing nearly an eight-point decline. Bank stocks also weighed heavily on the market, with VPB cutting 6.1 points, TCB 4.6 points, VCB just over three points, LPB 2.7 points, and CTG 2.6 points. From a technical analysis standpoint, […]
To read more, please click here.
