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.
Cash flow "froze" awaiting maturity, stocks plummet, small-scale real estate shows promise.
Global stock markets surged last night and this morning, along with a sharp rise in oil prices. The domestic market also reacted quite negatively, especially at the time of derivatives expiration. Trading volume on both exchanges fell below 10,000 billion VND for the first time in four weeks.
- Signal: Neutral
- Impact on: HNX, VIC, VPL, STB, DGC, PLX, GAS, SSI, GVR, VJC
- Assessment: The slowdown in cash flow and low liquidity below VND 10,000 billion reflect the cautious sentiment of investors ahead of derivatives expiration and global market volatility. However, strong net buying by foreign investors could be a positive sign, indicating that long-term confidence in the Vietnamese market remains. This period requires investors to be patient, prioritize stocks with solid fundamentals, avoid FOMO, and prepare for a recovery cycle when cash flow returns.
Blue-chip stocks hinder VN-Index's recovery.
The market experienced significant volatility in the latter half of this afternoon's session, a common occurrence during derivatives expiration sessions. Despite a positive rebound, the inflow of capital was insufficient to stabilize blue-chip stocks, and market breadth did not improve significantly.
- Signal: Positive
- Impact on: VIC, ATC, GVR, GAS, FPT, VPL, VPB, LPB, VRE, SSI
- Assessment: The VN-Index's recovery is hampered by the weakness of blue-chip stocks, indicating that the capital flow is not strong enough to support the entire market evenly. Despite some positive gains, strong divergence between sectors persists. Investors should focus on carefully evaluating each stock, prioritizing companies with clear growth prospects and the potential to lead the market in the coming period, while also managing risk carefully with large positions.
“Pyn Elite Fund, the "shark," believes that sharp market dips present opportunities for portfolio restructuring.
The fund has taken profits on stocks that have held their value well and is now accumulating stocks that have fallen sharply or are attractive over the next few months.
- Signal: Neutral
- Impact on: FTSE, MSCI, HPG, STB, MWG, MBB, HVN, FPT, TCX
- Analysis: Pyn Elite Fund believes that sharp market downturns present opportunities for portfolio restructuring, reflecting a long-term, value-oriented investment strategy. The fund's profit-taking on stocks that held their value well and its accumulation of deeply discounted stocks demonstrate confidence in the market's growth potential over the next few months. Investors can consider this strategy by seeking out undervalued, quality stocks due to overall market volatility, managing portfolio weightings appropriately to capitalize on potential recovery cycles.
Kafi Securities: Adapting to break through, ready to enter a new growth phase.
On March 18th, KAFI Securities Joint Stock Company (“Kafi”) announced the resignation of Mr. Le Quang Trung – Chairman of the Board of Directors, marking a shift in the company's long-term development plan. Building on the foundation established in the past period, Kafi is ready to enter a growth cycle.
- Signal: Positive
- Affects: KAFI, CHUY, GIAO, CHI, GIAI
- Analysis: The change in senior leadership at Kafi Securities and the declaration of readiness to enter a new growth cycle is a positive internal signal for the company. This could create expectations of breakthroughs in business and operational efficiency in the future, attracting investor attention to KAFI shares (if listed). For the overall market, this is an example showing that strategic changes can be a price driver, encouraging investors to seek out companies with compelling stories.
Five valid applications to establish cryptocurrency exchanges are currently under review.
The Ministry of Finance has recently sent a document to the Ministry of Public Security and the State Bank of Vietnam seeking their opinions on applications for licenses to provide services for organizing cryptocurrency trading markets.
- Signal: Neutral
- Impact on: VIX, SSI, SSID, LPEX, CAEX, Limited Liability Companies, TCEX, State Bank of Vietnam
- Assessment: The Ministry of Finance's move to solicit opinions on five applications for the establishment of cryptocurrency exchanges shows that Vietnam is gradually moving towards institutionalizing the digital asset market. This is an important step, opening up great development potential for fintech companies and creating a new investment channel. Although the direct impact on the traditional stock market is unclear, in the long term, the development of the cryptocurrency market could affect capital flows and investor interest, requiring close monitoring from strategic investors.
US stocks plunge after interest rate news, oil prices continue to rise.
The US stock market fell sharply on Wednesday (March 18), as inflation data and remarks from Federal Reserve Chairman Jerome Powell fueled concerns about the persistence of inflation in the world's largest economy.
- Signal: Neutral
- Impacts include: PPI, CNBC, WTI, UAE, IRCG
- Analysis: The US stock market fell sharply due to persistent inflation concerns following the PPI report and statements from Fed Chairman Powell, coupled with rising oil prices, creating negative pressure on global sentiment. This could affect the Vietnamese market through sentiment and capital flows, especially in sectors with energy-related input costs. Investors should closely monitor international macroeconomic developments, consider reducing risk weightings in their portfolios if necessary, and prepare for short-term corrections.
Gold and silver were sold off following the US PPI report and the Fed meeting.
The international precious metals market experienced a sharp sell-off on Wednesday (March 18), with gold prices plummeting by nearly $200/oz.
- Signal: Neutral
- Affects: PPI, SPDR
- Analysis: The sharp sell-off in gold and silver following the US PPI report and the Fed meeting indicates increasing expectations of sustained higher interest rates, reducing the attractiveness of safe-haven assets. This also reflects a shift in capital flow direction, which could impact investor sentiment towards other asset classes. Investors should reassess their portfolios, particularly those sensitive to interest rates and inflation, and manage their expectations regarding monetary policy in the near future.
The Fed kept interest rates unchanged, forecasting only one reduction in 2026.
Analysts believe that, based on the Fed's statement and Chairman Jerome Powell's press conference, investors perceive the threat of persistently high inflation.
- Signal: Neutral
- Impact on: FOMC, CNBC, PCE
- Analysis: The Fed's decision to keep interest rates unchanged and forecast only one rate cut in 2026 sends a clear message about persistent inflation concerns, reinforcing expectations of a "longer-term higher" interest rate environment. This could negatively impact business capital costs and global economic growth prospects, indirectly affecting the Vietnamese stock market. Investors should prioritize companies with strong inflation resilience, efficient cost management, and low interest rate sensitivity, while maintaining a reasonable cash ratio for hedging purposes.
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.
