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.
Foreign investors still net sold more than 22,000 billion VND in October
However, the net selling value was lower than in September (25,700 billion) and August (29,400 billion). Banking, Securities and Real Estate continued to be the top 3 sectors under the strongest net selling pressure from foreign investors during the month.
- Signal: Neutral
- Impact on: FTSE, HOSE, FPT, GEX, VIC, GMD, LPB, TCX, NLG, FRT
- Comment: The continued net selling by foreign investors, albeit at a decreasing rate, shows that a cautious sentiment still prevails among a segment of foreign investors. This selling pressure may maintain the market's correction momentum in the short term, especially for pillar industries. Investors should closely monitor foreign capital flows to assess the possibility of a reversal, and consider portfolio risk management by reducing the proportion. However, the gradual decrease in net selling pressure also opens up expectations of a return to stability, creating opportunities for long-term investors with stocks with good fundamentals when the market corrects.
Pillar pressure triggers sell-off, VN-Index falls close to 1600 point mark
The positive recovery in the morning completely disappeared in the afternoon when leading stocks were strongly pressured. VN-Index plunged at a high speed, promoting fear psychology, leading to a widespread sell-off. The index closed down 1,38% and fell to 1,617 points, officially entering a challenging period.
- Signal: Neutral
- Impact on: VIC, FPT, VHM, VPB, TCB, VIX, DXG, CII, SSI, SHB
- Comment: The downward pressure and sell-off caused the VN-Index to lose its important support level, creating panic and triggering a widespread sell-off. This is a negative signal in the short term, indicating that the market may continue to be under pressure to correct deeper to test lower support levels. Investors need to be extremely cautious, avoid emotional trading decisions and prioritize capital preservation. However, after strong sell-off sessions, there are often technical recoveries, creating opportunities for investors to surf or restructure their portfolios with stocks that have fallen deeply to attractive price levels.
Money is withdrawing from large-cap groups of Banking, Securities and Real Estate
Banks recorded a sharp decrease in cash flow, from 23,371 TP3T last week to 21,151 TP3T - the lowest level in the past 10 weeks. Real estate and securities are similar.
- Signal: Negative
- Impact on: MUA, FPT, VPB, HDB, VRE, HAH, KDH, LPB, TCB, MWG
- Comment: The cash flow withdrawing from large-cap sectors such as Banking, Securities and Real Estate is a worrying signal, indicating a decline in market driving momentum. This could lead to deeper market differentiation, making it difficult for the general index to make a strong breakthrough in the short term. Investors should consider restructuring their portfolios, reducing the proportion of stocks under selling pressure and looking for opportunities in sectors with their own stories or more sustainable growth potential. Diversifying the investment portfolio and not focusing too much on sectors that have overheated is a suitable strategy during this period.
Bottom-fishing cash flow "gets to work", stocks recover broadly
The concerns from last weekend about a risk of a “collapse” after a strong sell-off did not happen. Although the VN-Index fell nearly 17 points (-1,02%) in the mid-morning session, the timely return of the pillars triggered a strong bottom-fishing wave.
- Signal: Neutral
- Impact on: VIC, VHM, VPB, VCB, TCB, STB, SHB, SSI, HDB, FPT
- Comment: The appearance of bottom-fishing cash flow and a broad recovery after a sharp decline shows that confidence in the market remains, and reflects that many stocks have returned to attractive valuations. This is a positive signal that the market may have found a short-term equilibrium, reducing concerns about a collapse. However, investors need to be careful to assess whether this is a technical recovery or a sustainable uptrend. Disbursement should be done selectively, focusing on stocks with good business results and clear growth potential, while closely managing the risk level.
From the upgrade milestone to the future 2030
The journey for the Vietnamese stock market to be upgraded from a frontier market to a secondary emerging market by FTSE Russell is a difficult and arduous one. Upgrading is not only a destination but also an ongoing journey to develop the Vietnamese stock market to grow with quality.
- Signal: Neutral
- Impact on: FTSE, HNX, VSDC, STP, CCP, VSD, KRX, HOSE, ESG, MSCI
- Comment: The journey to upgrade Vietnam’s stock market to emerging market status is an important long-term growth driver, attracting larger foreign portfolio investment (FII) flows. This not only strengthens Vietnam’s position on the global financial map but also promotes corporate governance and transparency standards. Although this process requires a lot of effort and time to complete the criteria, it opens up bright prospects for the sustainable development of the market. Investors should focus on businesses that benefit from the overall growth of the economy and are able to meet international standards.
TCFIN and TCRES: Fund investment advantages from two pillar industries
Specialized equity funds are showing superior performance compared to the general level. Among them, TCFIN and TCRES funds managed by Techcom Capital are prominent, focusing on exploiting the growth potential of two key sectors in the Vietnamese economy: Banking - Finance and Real Estate.
- Signal: Positive
- Impact on: KINH, TCBS, VPS, PHI, HAI, TCX, TCC, VSDC, VWAS
- Comment: Specialized equity funds such as TCFIN and TCRES, focusing on Banking – Finance and Real Estate, provide investors with an advantage by leveraging the management team’s in-depth expertise and market analysis capabilities. In a volatile market environment, entrusting investments to these funds can help investors minimize personal risks and optimize profits from key sectors. This is a good option for investors who want to participate in the market but do not have enough time or in-depth knowledge to select stocks themselves, while expecting long-term growth in core economic sectors.
Lacking momentum to break out, gold prices this week await US employment data
Starting the new trading week in the morning in a downtrend, world gold prices are considered by many analysts to lack the momentum to break out of the 4,000 USD/oz zone and this week's developments will depend heavily on US employment data.
- Signal: Positive
- Impact on: FXTM, ADP, PMI, ISM
- Comment: The world gold price is lacking the momentum to break out and tends to fluctuate, showing investors' caution in the face of important macroeconomic information. US employment data can strongly impact expectations about the Federal Reserve's monetary policy, thereby directly affecting the value of the USD and gold prices. Gold investors should closely monitor economic reports to have a clearer view of the short-term trend of this precious metal. For the stock market, gold fluctuations can reflect concerns about inflation or economic instability, although the direct impact is usually not large.
China stops tax incentives for gold trading
This change could increase the price of gold for Chinese consumers, a factor that could affect gold demand in the country of one billion people.
- Signal: Neutral
- Impact on: VAT, PBOC
- Comment: China's decision to end tax incentives for gold trading could increase the cost of gold ownership for consumers in the world's largest gold consuming market. This potentially reduces demand for physical gold and jewelry, which could put pressure on global gold prices in the short term. Investors should closely monitor the reaction of the Chinese market and the spillover effects on the international gold market. This is a factor that needs to be considered when assessing gold price trends, and could also affect gold mining and trading businesses if global demand is affected.
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.
