On December 2, 2024, the stock market news bulletin recorded notable developments, providing investors with multi-dimensional information about trends and growth potential. Below is a summary of some outstanding news and analysis of the market situation.
Bank stocks traded sluggishly, only slightly up 2% last week despite positive recommendations
- Signal: Neutral
- Impact on: TCB, VCB, CTG, BID
- Comment: Despite being positively evaluated by securities companies, bank stocks have not yet made many breakthroughs. This reflects investors' cautious sentiment about the prospects of the banking industry and the economy in general in the short term.
Foreign investors net bought 1,140 billion VND in the last week of November, focusing on FPT shares.
- Signal: Positive
- Impact on: VN-Index, FPT, MSN, CTG, VCB
- Comment: The return of foreign capital to net buying is a positive signal for the market. FPT was bought the most with VND1,272 billion, showing foreign investors' confidence in the technology industry's prospects. However, VCB's net selling needs to be monitored further.
TCBS plans to increase capital to more than 20,000 billion VND by early 2025
- Techcom Securities Joint Stock Company (TCBS) is considering a plan to increase its charter capital through issuing additional shares in early 2025, if approved by the General Meeting of Shareholders.
- Signal: Positive
- Impact on: TCB, banking stocks and securities
- Comment: TCBS's capital increase shows the positive outlook of the stock market. This can boost investor confidence, creating momentum for other securities companies and the financial industry in general.
Foreign investors returned to net buying more than 1,100 billion VND in the last week of November, focusing on FPT and MSN stocks.
- Signal: Positive
- Impact on: VN-Index, FPT, MSN, VRE
- Comment: The return of strong net buying by foreign investors after a period of net selling is a positive signal, showing confidence in the market. This could support the increase of VN-Index and net buying stocks such as FPT, MSN in the short term.
VN-Index regains 1,250 point mark thanks to support from large stocks, despite weak liquidity
- Signal: Positive
- Impact on: VN-Index, HNX-Index
- Comment: The market has shown signs of positive recovery as the VN-Index surpassed the 1,250-point threshold. However, low liquidity shows that investors are still cautious. It is necessary to monitor whether the upward momentum can be maintained in the coming sessions.
Successful coal burning at $2.2 billion thermal power plant marks an important step forward in developing a stable power source for southern Vietnam.
- Signal: Positive
- Impact on: POW, PPC, NT2
- Comment: This news may have a positive impact on the stocks of power companies, especially those with thermal power projects in the southern region. This may boost investor confidence in the energy and power infrastructure sector.
Vietnam's stock market is forecast to bottom out for the second time before rebounding strongly, possibly surpassing the peak of 1,300 points in 2025.
- Signal: Positive
- Impact on: VN-Index, FPT, DBD, HAH
- Comment: The market is forecasted to have a short-term accumulation period before breaking out. Many individual stocks still have good growth opportunities. The long-term outlook is positive with the expectation that the VN-Index can surpass 1,300 points in 2025.
VN-Index surpasses 1,250 points, cash flows into insurance stocks
- Signal: Positive
- Impact on: VN-Index, HNX-Index, UPCoM-Index, insurance industry stocks
- Comment: The market is trending positively with the VN-Index surpassing the psychological threshold of 1,250 points. Cash flow is looking for opportunities in new sectors, especially insurance stocks. This shows that investor sentiment is improving and we can expect the upward trend to continue in the short term.
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.
