The Vietnamese stock market is experiencing a strong increase, with the VN-Index reaching over 1,664 points. However, many large stocks such as FPT and DGC are facing difficulties. In the trading session on August 20, FPT fell by 2.6%, losing the 100,000 VND/share mark, extending its downward streak. DGC also performed poorly, dropping over 3% to 99,000 VND/share. FPT is currently the worst-performing stock in the VN30 with a nearly 26% decline since the beginning of the year, while DGC has also decreased by 15%. This situation arises from the concentration of capital in the financial sector, alongside a lack of positive news for fundamental stocks like FPT and DGC. Despite FPT maintaining quarterly profit growth, the weak outlook for technology spending poses challenges. Conversely, DGC is predicted to have a positive outlook due to the favorable trend in yellow phosphorus prices. While the current market is mainly driven by capital flows, this may change in the long run as fundamental factors are reconsidered.
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