The stock market bulletin records notable developments, providing investors with multi-dimensional information about trends and growth potential. Below is a summary of some of the highlights and analysis of the market situation in the form of a bulletin.
Selling pressure increased sharply, VN-Index missed the opportunity to reach the peak of 1700 points
HoSE trading liquidity recorded a sharp increase of 51% compared to the morning session, however, the stock price decline was widespread and deeper. VN-Index also closed at the session's lowest level, despite a few pillar stocks still being pushed up strongly.
- Signal: Neutral
- Impact on: VIC, VCB, FPT, VNM, VPB, MSN, HPG, BID, SSI, VIX
- Comment: Increased selling pressure and high matching liquidity show that profit-taking sentiment is strong, preventing the VN-Index from rising. However, the fact that foreign investors still maintain strong net buying in pillar stocks could be a support, showing that long-term confidence in the Vietnamese market's prospects is still maintained. Investors should carefully observe the developments in the next sessions and can consider gradually disbursing into good fundamental stocks when there is a deep adjustment.
Cash flow suddenly becomes cautious, liquidity falls to 10-week low
After the failed test of the 1700-point peak, cautious sentiment has spread across the market. HoSE liquidity has dropped by 40% compared to the previous session, down to the lowest level in 50 sessions. The green color of VN-Index is completely dependent on a few large stocks.
- Signal: Negative
- Impact on: FPT, VIC, VHM, VNM, GAS, SHB, SSI, MWG, HDB, KLB
- Comment: The sharp decline in liquidity reflects the high caution of investors after the failure to test the important resistance level. The dependence on a few large stocks to maintain the green color shows that the market is lacking the driving force to spread. This stage requires a defensive strategy, prioritizing capital preservation and only considering accumulation in strong support areas with stocks with good foundations.
ETF funds investing in Vietnam continue to see strong net withdrawals
ETF funds investing in Vietnam continued to see a net withdrawal of 12.8 million USD, with the leading net withdrawals coming from Fubon FTSE fund with 9.4 million USD and E1VFVN30 with 4.5 million USD.
- Signal: Neutral
- Impact on: FTSE, PPI, HPG, MWG, MBB, VNM, VPB, GEX
- Comment: The strong net withdrawal from ETFs is a signal that needs to be closely monitored, as this may create selling pressure on large-cap stocks in the fund's portfolio. Although this may be a short-term fluctuation, investors should reassess the attractiveness of affected stocks and consider their potential correction. This may also create buying opportunities for long-term investors if stock prices adjust to attractive levels.
Why is the yuan appreciating against the USD but depreciating against other currencies?
The recent appreciation of the yuan against the US dollar is likely to continue, as Beijing gradually raises its daily reference rate and is not expected to cut interest rates any time soon.
- Signal: Neutral
- Impact on: CNBC, LSEC, LSEG, CHO, EIU, PBOC, CSI, OCBC, SLJ
- Comment: The appreciation of the Yuan against the USD but the depreciation against other currencies shows the complex factors in China's monetary and economic policies. This can affect Vietnamese enterprises with close trade relations with China through the exchange rate, affecting import costs or export revenue. Investors should pay attention to enterprises with international business activities and exchange rate risk management.
State Bank strongly injects net money again
In the context of the central exchange rate being adjusted downward, the USD weakening in the international market and the expectation that the US Federal Reserve (FED) will soon lower interest rates, the State Bank injected nearly VND14,502 billion into the banking system in the session on September 16 through the open market operation (OMO), contributing to supporting increased liquidity.
- Signal: Negative
- Impact on: OMO, BIDV, ACB, DXY, EUR
- Comment: The State Bank's strong net injection back into the banking system shows that the demand for short-term liquidity is increasing, while supporting exchange rate stability in the context of the international weakening of the USD and expectations of the FED lowering interest rates. This move can help maintain a stable interest rate level, reduce pressure on businesses borrowing capital and support credit growth. Investors should pay attention to banking stocks and interest-sensitive industries, while managing risks from fluctuations in monetary policy.
NVL has not yet arranged 144.4 billion VND in principal for bond lot code NVLH2224006
Thus, Novaland has paid more than 337 billion VND in principal and interest for bond codes NVLH2224006 and NVJCH2023003 and completed the settlement of bond lot NVJCH2023003.
- Signal: Neutral
- Impact on: HNX, NVL, HOSE
- Comment: Novaland’s failure to arrange enough principal for a batch of bonds shows that financial pressure still exists for real estate businesses, despite efforts to pay other debts. This may create a cautious sentiment towards real estate stocks in general. Investors need to carefully evaluate the financial situation, debt repayment capacity and project implementation progress of each business in the industry before making an investment decision.
Vietnam Stock Market in Early 2025: Where Investors Look for Profit Optimization
Since the beginning of 2025, the Vietnamese stock market has experienced a period of strong boom. Liquidity has remained high, with many trading sessions reaching a matched value of more than 2 billion USD, even reaching 3 billion USD on some days, showing investors' confidence in the economic outlook.
- Signal: Neutral
- Impact on: VPS, SSI, HCM, MBS, VCI, VCBS
- Comment: The boom in liquidity and investor confidence in early 2025 reflects the strong growth potential of the Vietnamese stock market, attracting new capital flows and creating great profit opportunities. This is a positive signal for the long-term trend, but investors need to carefully select stocks with solid fundamentals and clear growth stories to optimize profits. Maintaining high liquidity will continue to be a driving force for the market.
Gold price explodes past $3,700/oz while waiting for Fed news
What investors are more interested in from the outcome of this Fed meeting is how monetary policymakers will update their “dot plot” interest rate forecasts.
- Signal: Negative
- Impact on: SPDR, CME
- Comment: The sharp increase in gold prices reflects concerns about inflation and global economic instability, along with expectations about the US Federal Reserve's (FED) policy. This may cause money to partially shift away from risky investment channels such as stocks to seek gold as a safe haven asset. Investors should closely monitor the FED's moves and the USD's movements to make appropriate decisions, and consider diversifying their investment portfolios.
The stock market news bulletin aims to provide investors with an overview, while emphasizing the importance of careful analysis before making investment decisions. Following market news from HVA The provision will help investors seize opportunities from short-term fluctuations and adjust their portfolios in line with market trends.
