On February 27, 2025, the stock market news bulletin recorded notable developments, providing investors with multi-dimensional news bulletins on trends and growth potential. Below is a summary of some of the highlights and analysis of the market situation in the form of a quick bulletin.
Sacombank (STB) shares hit a new peak, capitalization surpasses 3 billion USD
- STB shares of Sacombank - the first listed bank in Vietnam, have just increased sharply to 39,400 VND/share, bringing the capitalization to over 3 billion USD. Profit in 2024 reached 12,720 billion VND, an increase of 33% compared to the previous year.
- Signal: Positive
- Impact on: STB, VN-Index, HNX-Index
- Comment: STB's increase may pull up other bank stocks and the general index. However, it is necessary to monitor market developments to assess the long-term trend of this group of stocks.
Infrastructure construction stocks increase sharply thanks to increased disbursement of public investment capital
- Signal: Positive
- Impact on: VN-Index, CTD, FCN, CC1, VCG, HHV
- Comment: Accelerating the disbursement of public investment capital creates growth momentum for infrastructure construction stocks. However, it is necessary to monitor the actual disbursement progress in the coming months to assess the sustainable trend of this group of stocks.
Large investment funds are stepping up disbursement, seeking opportunities in businesses with expansion plans and reasonably priced stocks.
- Signal: Positive
- Impact on: VN-Index, HNX-Index, VN30-Index
- Comment: Large cash flows from active investment funds can create momentum for market price increases. However, investors need to be cautious about fluctuations in the international environment that can affect the overall outlook.
Money flows back into Asian stocks as dollar weakens, tariff concerns ease
- Investors bought more than $700 million worth of Asian stocks last week, ending a seven-week streak of net selling. A weaker dollar and easing trade tensions have created a favorable environment for emerging markets.
- Signal: Positive
- Impact on: MSCI EM Asia Index, Kospi
- Comment: Returning capital flows and attractive valuations could boost Asian stocks in the short term. However, it is still necessary to monitor trade tensions and fluctuations in the USD/VND exchange rate to assess the long-term trend.
Strong cash flow out of stock funds in January 2025, reflecting cautious investor sentiment
- According to FiinTrade, equity funds had a net withdrawal of VND868 billion in January 2025, while bond funds only had a net withdrawal of VND120 billion. VanEck Vietnam ETF had the strongest net withdrawal with nearly VND423 billion.
- Signal: Negative
- Impact on: VNIndex, HNX-Index, VN30
- Comment: The strong withdrawal of capital from equity funds shows that investors are cautious about the market outlook. This could put downward pressure on stock indices in the short term, especially large-cap stocks.
Tech stocks pressure US markets, investors cautiously await Nvidia report
- The S&P 500 and Nasdaq fell as tech stocks weakened, with investors worried about a potential oversupply of AI infrastructure and slowing economic growth.
- Signal: Negative
- Impact on: NVDA, MSFT, major tech stocks
- Outlook: The market is cautious ahead of Nvidia’s report and concerns about AI growth, which could put downward pressure on tech stocks in the short term, especially AI-related companies.
VN-Index fluctuates around 1,300 points, mineral group under profit-taking pressure
- The Vietnamese stock market opened with a slight increase but quickly cooled down, with the VN-Index fluctuating around the 1,300-point mark. Mineral stocks faced strong selling pressure after a period of rapid growth.
- Signal: Neutral
- Impact on: VN-Index, KCB, MTA, MGC, KSV, BKC
- Comment: The market is clearly differentiated between stock groups. Profit-taking pressure in the mineral group may make it difficult for the VN-Index to maintain above the 1,300-point mark. However, liquidity remains high, which is a positive signal.
TNS Steel shares are only traded on Fridays due to audit issues.
- HNX decided to maintain trading restrictions on TNS shares of Thong Nhat Sheet Steel JSC because the auditing organization refused to give opinions on the 2022 financial statements and gave opinions that were not fully acceptable for the 2023 and 2024 financial statements.
- Signal: Negative
- Impact on: TNS, TNV, steel industry stocks
- Comment: The trading restrictions may negatively impact TNS’s liquidity and share price. However, the company’s positive 2024 business results may help to partially mitigate this negative impact.
VN-Index slightly decreased, profit-taking pressure appeared at the 1,300-point resistance zone
- The Vietnamese stock market reversed and decreased slightly in the morning session of February 25 due to increased profit-taking pressure when the index approached the strong resistance zone of 1,300 points. However, cash flow remained positive, helping the VN-Index stay above this mark.
- Signal: Neutral
- Impact on: VN-Index, HNX-Index, UPCoM-Index
- Comment: The market is diverging, with profit-taking pressure on bluechip and mining stocks. However, cash flow remains strong and liquidity improves, showing that investor sentiment remains relatively stable.
Chinese HRC steel may lose 30% market share in Vietnam despite cheaper prices, after the Ministry of Industry and Trade imposed anti-dumping tax. Hoa Phat and Formosa Ha Tinh are expected to benefit from this policy.
- Signal: Positive
- Impact on: HPG, HSG, NKG
- Comment: The imposition of tariffs may help improve profit margins for domestic steel companies. However, it is necessary to monitor the market reaction and the ability of Chinese manufacturers to adjust prices in the coming time.
Dragon Capital's VEIL fund has been continuously withdrawn, with a cumulative 1-year capital withdrawal of VND 4,320 billion. However, the fund still maintains confidence in its investment portfolio focusing on banking and real estate, expecting sustainable growth in 2025.
- Signal: Neutral
- Impact on: VPB, VCB, ACB, TCB, CTG, MWG, FPT, HPG, KDH, DGC
- Comment: The continuous withdrawal of capital from large funds may put pressure on the market in the short term. However, VEIL's confidence in the prospects of the banking and real estate sectors shows positive signs of medium- and long-term recovery potential.
VN-Index maintains 1,300 point mark despite selling pressure, stable liquidity with nearly 886 million shares traded
- Signal: Neutral
- Impact on: VN-Index, VN30, HNX-Index, UpCoM-Index
- Comment: The market is divided among stock groups, with blue chips under slight downward pressure while some small and medium-sized stocks are gaining points. Stable liquidity shows that investors are still cautious but not pessimistic.
The stock market news brief aims to provide investors with an overview, while emphasizing the importance of careful analysis before making investment decisions. Following the stock market news brief from HVA The provision will help investors seize opportunities from short-term fluctuations and adjust their portfolios in line with market trends.
