New investors “reluctantly”

3 min read

Previously, VN-Index fell deeply for many sessions because of the information of applying Directive 16 throughout Ho Chi Minh City, many F0 investors were disappointed. From being excited, buying in defiance, now some F0 investors have hesitated, leading to a decrease in market liquidity.

In the first 6 months of 2021, the stock market has experienced a period of steady growth. VN-Index has reached 1,408 points, up nearly 28% compared to the end of 2020, becoming the second strongest market globally. Liquidity in the market also exploded, reaching the milestone of 1 billion USD/session. It is worth mentioning that the cash flow is mainly led by the “rookie” investment group.

In the first 6 months of the year, according to statistics from the Vietnam Securities Depository Center, the number of new accounts opened by domestic investors increased by 58% compared to the whole year of 2020; total actual capital mobilization in the market reached VND 176,745 billion, up 65% over the same period last year. However, in the current period, the liquidity in the market has dropped sharply, with a trading session of just over 15,000 billion dong.

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After the Lunar New Year, Ms. Hoang Thy (living in Tan Binh District, Ho Chi Minh City), who did not know anything about securities, spent 50 million VND to open an account at a company. Ms. Thy was excited when buying and selling in a few sessions made 7%-8% profit on the books. The consultant advised to take profits but she refused because the momentum was increasing. Hearing her show off her “results” after only a few trading sessions, many relatives immediately spent money to open accounts and join the game. However, there are people who have finished buying, but the stock has not been returned to the account and has lost; Hugging for a while is not enough.

Joining a group of friends to buy HPG shares in the period of peaking at VND 52,000 earlier this month, Mr. Thanh (house in Thu Duc City, Ho Chi Minh City) spent more than VND 200 million. “When I finished buying, the market fell slightly, the shares I bought also fell a little. But recently, VN-Index dropped more than 50 points. I watched the account diminish. Last week, HPG’s share price was just over VND 45,000, seeing a loss of nearly VND 30 million, I can’t wait to sell the stop loss on the advice of many people. Now this stock is up again, I don’t know,” Mr. Thanh said.

In the past few weeks, most F0 investors who bought stocks at the top of 1,400 points of the VN-Index met with “turbulence” when the market fell deeply after that. Their profit a few months ago was “flying” in just a few sessions.

The head of the brokerage department of a securities company in Ho Chi Minh City revealed that when the stock price dropped by nearly 20%, many F0 investors became upset. The broker advised them to wait for the market to stabilize and then make a decision, but they refused, determined to sell to recover their capital, but unfortunately soon, the market recovered, the stock price inched up again.

In the market, there are also many “rookie” investors who earn good profits. Mr. Huu (house in District 10, Ho Chi Minh City) has just joined the market since the beginning of this year. Now the account has doubled the original amount thanks to his willingness to research, select good stocks in the industry, choose the right time to buy and sell.

Dr. Le Dat Chi, Deputy Dean of the Faculty of Corporate Finance – University of Economics Ho Chi Minh City, said that information affecting the economy and the stock market has an immediate reaction, leading to an increase or decrease in the index. . The market fell sharply on the last 5-7 days because there was information about the implementation of Directive 16 to control the Covid 19 pandemic. Similar types of information in the stock market often occur, creating a shock, but in fact the shocks are not the same, so it leaves an expensive lesson for investors. With long-term investors, they have more experience, so they pay less than the “rookie” group.

Another financial expert recognized that there must be such shock sessions for securities players to become professional investors.

Son Nhung

Source: nld.com.vn – Translated by fintel.vn