On November 13, 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 fall sharply, VNFINLEAD returns to September price level
- The VNFINLEAD index – representing the leading banking and financial stocks – fell sharply in the trading session on November 11, bringing the index back to its price level in the second half of September. This move put pressure on the entire banking stock group.
- Signal: Negative
- Impact on: VNFINLEAD, VCB, BID, CTG, MBB, VPB
- Comment: The decline of VNFINLEAD may create a buying opportunity for long-term investors. However, it is necessary to monitor the market developments in the coming sessions to assess the trend.
VN-Index regains 1,250 points thanks to highest liquidity in more than 1 month, although banking and securities groups still put downward pressure
- Signal: Neutral
- Impact on: VN-Index, HNX-Index, UPCoM-Index, VN30, HPG, STB
- Comment: The market has shown signs of recovery thanks to improved liquidity, but there is still no consensus among stock groups. It is necessary to monitor the developments of the banking and securities groups in the coming sessions to assess the trend.
Bank stocks fall sharply, VN-Index recovers slightly thanks to FPT and HPG
- The Vietnamese stock market fluctuated strongly in the session of November 11. Banking stocks fell sharply, while technology stocks gained points. Buying pressure at the end of the session helped the VN-Index narrow its decline.
- Signal: Neutral
- Impact on: VN-Index, HPG, FPT, bank stocks
- Comment: The market has a clear differentiation between industry groups. Banking stocks fell sharply, putting pressure on the index, while technology groups and some blue chips such as HPG and FPT supported the market. It is necessary to monitor developments in the coming sessions.
TPS predicts VN-Index may surpass 1,300 points in November, opening a new uptrend
- TPS Securities Company has given two scenarios for VN-Index in November, leaning towards the possibility of the index surpassing 1,300 points and starting a new uptrend. The forecast is based on technical analysis and historical statistics.
- Signal: Positive
- Impact on: VN-Index, retail and livestock stocks
- Comment: Positive forecast for the year-end market, creating optimism for investors. However, it is necessary to closely monitor actual developments and market liquidity to confirm the trend.
Bank stocks fell sharply, VN-Index lost more than 2 points
- The Vietnamese stock market was under great pressure from banking stocks, with many stocks falling sharply such as STB (-4.8%), VPB, TPB, MBB, TCB (-1% to -2.9%). VN-Index closed down 2 points, close to the 1,250 mark.
- Signal: Negative
- Impact on: VN-Index, VN30-Index, STB, VPB, TPB, MBB, TCB
- Comment: The decline in bank stocks reflects concerns about interest rates and bad debts. Liquidity has increased to the highest level since early October, showing that investors are restructuring their portfolios. Continued net selling by foreign investors may cause short-term pressure.
VN-Index slightly decreased, liquidity increased sharply to nearly 20,000 billion VND on HOSE
- Signal: Neutral
- Impact on: VN-Index, VNM, VHM, VCB
- Comment: Although the index decreased slightly, the strong increase in liquidity shows that cash flow is still waiting for opportunities. However, the market still lacks a group of leading stocks strong enough to create a clear uptrend. Investors should be cautious and continue to monitor market developments.
MWG Chairman: Selling 2 million shares is not significant, investors should not worry
- Mr. Nguyen Duc Tai affirmed that the sale of 2 million MWG shares is only for personal purposes and does not affect the long-term strategy. MWG aims to achieve revenue of 10 billion USD in the next few years.
- Signal: Neutral
- Impact on: MWG
- Comment: The message from MWG’s leadership may help stabilize short-term investor sentiment. However, the ambitious growth plan and the admission of slow progress may raise concerns about the company’s ability to achieve its long-term goals.
Sustainable growth business stocks attract cash flow, FPT increased 64% since the beginning of the year
- Signal: Positive
- Impact on: FPT, VTP, BMP, MWG, CTR
- Comment: The market is prioritizing cash flow into stocks with stable profit growth. This could boost the VN-Index in the short term and create an upward trend for high-quality stocks. However, it is necessary to monitor the developments of the banking and real estate groups.
New proposal to increase transparency in corporate bond market
- Professional individual investors are only allowed to buy corporate bonds that are rated, secured or guaranteed. This proposal is intended to protect investors and promote market development.
- Signal: Positive
- Impact on: HNX, VN30, corporate bond codes
- Comment: The proposal could create confidence in the bond market and attract capital flows from individual investors. However, more time is needed to assess the actual impact on liquidity and market size.
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.
