The stock market is a barometer of the economy, where any information and factors that have an impact on the economy are fully reflected in the stock price and various indexes. 2020 is a year of major changes. The Vietnamese stock market has created history and laid the foundation for its vigorous development in 2021.
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For many stock investors, all the ups and downs of the Vietnam stock market in 2020 are still vivid in my mind. The stock market sometimes fluctuated downward, and sometimes it was in full swing. The stock index hit a record low and then regained its upward trend and set a record high.
In 2020, against the backdrop of the heavy blow to the global economy by the COVID-19 epidemic, Vietnam's stock market still went against the current and recovered strongly. The market also ushered in a large number of new investors. The liquidity of the stock market showed a breakthrough growth, especially the average trading volume in November and December was 10 trillion VND and 14.8 trillion VND , respectively, which was more than twice the average level in 2019. In January 2021, the number of new accounts opened by domestic investors was 86,000, the highest since the day the stock market was put into operation. It fully reflects the special attention of investors, especially stock investors, to the stock market.
In the industry experts believe that the main reason for the stock market to face difficulties is that various management institutions have issued a number of assistance policies to include securities in necessary industries.
After a year of continuous overcoming difficulties, the Vietnamese stock market has fully proved its role as a first-class investment and remittance channel in the economy. In 2021, although the epidemic has not been effectively controlled, the Vietnamese stock market will continue to move forward and reach a new height in the context of the introduction of new policies.
However, at the end of the trading day on January 28, the VN-index fell 73.23 points, or 6.67%, and closed at 1023.94 points. This is the biggest drop in trading history.
The total number of companies dropped by 478. Among them, there were 276 stocks hitting the limit, and only 20 rose.
HNX-The index fell 17.74 points, equivalent to 8.03%, and closed at 203.05 points. This is also the largest decline in the index in history. There were 4214 html stocks in html, including 131 stocks hit the limit, and only 29 stocks rose.
UPCoM-The index fell 5.34 points and closed 69.12 points, down 7.17%. There were 253 stocks falling across the board; of which 100 stocks fell to the limit and 51 stocks rising.
is in the VN30 sector, with 29 companies falling, 28 companies hitting the limit, and 1 company rising.
The number of companies in the banking sector rose is only 2, namely KLB and EIB. The oil and gas sector is also facing the same situation, all of which are falling. The securities sector was dyed blue.
Just around the Lunar New Year, the Vietnamese stock market was like a roller coaster, striking the sky and the floor. The same thing is said: stock market is risky, so be cautious when entering the market!
