On October 22, 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.
VN-Index drops, but Vingroup trio of stocks still shines
- Signal: Neutral
- Impact on: VN-Index, VHM, VIC, VRE
- Comment: Although Vingroup shined, selling pressure still caused the VN-Index to fall. This reflects that market sentiment is still strongly divided.
Fed cuts interest rates, emerging market stocks plunge
- Signal: Negative
- Impact on: MSCI Emerging Markets Index, VNM ETF
- Comment: The Fed's decision to cut interest rates sent emerging market stocks tumbling on concerns about inflation, the China crisis and the possibility of Trump's re-election.
The market recorded great differentiation among businesses in the same industry.
- Signal: Neutral
- Impact on: VN-Index, listed corporate stocks
- Comment: The third quarter business results show a strong differentiation between businesses, making it difficult for investors to choose investment opportunities. Market developments will depend on the economic recovery and monetary policy.
National Assembly passes Law amending 7 laws in financial sector
- Signal: Neutral
- Impact on: Listed companies and auditing firms
- Comment: Amending financial laws can create new opportunities and challenges for businesses, depending on the specific content of the adjustment.
VietABank is 'estranged' due to leadership scandal, member Viet Phuong still has 'power' after 3 years
- Signal: Negative
- Impact on: VAB shares of VietABank
- Comment: News of leadership scandals could cause great damage to the bank's reputation and trust, causing VAB shares to plummet.
Steel industry still has opportunities to transform despite difficulties
- Signal: Neutral
- Impact on: HPG, HSG, NKG
- Comment: The steel industry's outlook still faces many challenges but has opportunities to transform thanks to the recovery of the real estate market and efforts to improve competitiveness.
Losing market share, VNDirect (VND) 3 core business activities decline sharply
- Signal: Negative
- Impact on: VND, securities industry stocks
- Comment: The sharp decline in VNDirect's core business activities could put pressure on VND stock prices and have a negative impact on the securities industry.
VNDIRECT achieved 630 billion VND in profit in the third quarter of 2024
- Signal: Positive
- Impact on: VND, VN-Index
- Comment: VNDIRECT's positive business results reflect the positive outlook of the Vietnamese stock market in the third quarter of 2024.
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.
