On November 19, 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.
Dragon Capital is optimistic about the prospects of Vietnam's stock market, forecasting 16-18% listed company profit growth in 2025 despite facing pressure from a stronger USD.
- Signal: Positive
- Impact on: VN-Index, bluechip stocks
- Comment: Positive forecasts for corporate profits and attractive market valuations may attract investment cash flows, supporting the VN-Index's short-term growth. However, it is necessary to monitor exchange rate developments and foreign capital flows.
The sharp increase in USD/VND exchange rate puts pressure on the stock market, VN-Index loses the 1,240 point mark
- Signal: Negative
- Impact on: VN-Index, VCB, HPG, GMD
- Comment: The stronger USD caused net selling pressure from foreign investors, causing the VN-Index to fall sharply. Sectors such as banking, securities, and steel were negatively affected. However, some groups such as seaports and textiles still maintained green.
Vietnamese stocks lose appeal, cash flows shift to other investment channels
- Market liquidity has declined, many investors are staying out due to lack of attractive opportunities and concerns about risks. Foreign investors continue to be net sellers, while channels such as savings, gold and real estate are heating up.
- Signal: Negative
- Impact on: VN-Index, HNX-Index, UPCoM-Index
- Comment: The market is in a difficult period with low liquidity and lack of growth momentum. Investors should be cautious and wait for signs of improvement in cash flow and foreign operations before making investment decisions.
UPCoM enterprises significantly improved in information transparency, average score increased by 11 points in 2023-2024
- Signal: Positive
- Impact on: Stocks on UPCoM
- Comment: Improvements in information transparency demonstrate companies’ efforts to comply with regulations, helping to increase investor confidence. This could boost capital flows into the UPCoM market, improving liquidity and stock valuation in the coming time.
Stocks break out, blowing positive wind into the correcting market
- Signal: Positive
- Impact on: VN-Index, HCM, VCI, FTS, SSI, VIX, SHS
- Comment: The recovery of the securities group may be a signal that the market is finding a balance after a series of declines. However, further monitoring is needed to confirm whether this trend is sustainable or not.
VN-Index dropped more than 10 points, down below 1,210 points due to increased selling pressure.
- Signal: Negative
- Impact on: VN-Index, VN30, HNX-Index, UPCoM-Index
- Comment: Selling pressure has increased sharply across the board, especially in blue-chip stocks, indicating that market sentiment is pessimistic. The short-term downtrend may continue in the coming sessions. Investors should be cautious and closely monitor market developments.
Industrial park stocks surge as Donald Trump wins US presidency
- Investors are stepping up purchases of industrial real estate stocks in the hope that Vietnam will attract a new wave of FDI after Mr. Trump's victory. Many codes such as SIP, KBC, SZC, VGC have increased by over 8% in the past 2 weeks.
- Signal: Positive
- Impact on: VN-Index, VN30, SIP, KBC, SZC, VGC, IDC, BCM
- Comment: The US election results may boost FDI inflows into Vietnam, bringing positive prospects for industrial real estate stocks. However, it is necessary to monitor the actual policy developments of the new administration.
Retail stocks MWG, FRT, PNJ to surge strongly at the end of 2024 thanks to a vibrant consumer season
- Signal: Positive
- Impact on: MWG, FRT, PNJ
- Comment: The retail industry is expected to boom in the last quarter of the year thanks to increased consumer demand during the Tet holiday. Retail stocks such as MWG, FRT, PNJ have strong growth potential, reflecting the positive outlook of the industry.
Alibaba raises $5 billion in bonds, ByteDance plans to buy back shares at a valuation of $300 billion
- Alibaba plans to issue US dollar and yuan bonds to raise $5 billion, while ByteDance is in talks to buy back shares from investors at a valuation of around $300 billion.
- Signal: Neutral
- Impact on: Vietnamese technology and e-commerce stocks such as FPT, VNM, MWG
- Comment: The moves by Chinese tech giants may put competitive pressure on Vietnamese businesses, but also open up opportunities for cooperation and learning from experience. Investors should monitor the market's reaction in the short term.
KBC shares hit the floor after announcing a plan to raise 6,000 billion VND, despite information about cooperation with Trump Group
- Signal: Negative
- Impact on: KBC, VN-Index
- Comment: KBC's floor price drop shows that investors are concerned about the possibility of stock dilution after a large issuance. The news of cooperation with Trump is not attractive enough to offset the negative impact. This could affect the general market sentiment in the short term.
Trump 2.0 could spur a wave of manufacturing shifts from China to Vietnam
- Multinational corporations and FDI enterprises from South Korea, Taiwan, and Japan may continue to shift production to Vietnam if Donald Trump is re-elected as US President, to reduce risks from US-China trade tensions.
- Signal: Positive
- Impact on: VN-Index, industrial real estate stocks such as KBC, IDC, BCM
- Comment: The wave of production relocation can bring opportunities to the industrial real estate market, attract FDI capital and promote exports. However, it is necessary to monitor exchange rate risks and new tariff measures from the US.
QNS, VHC, STB and NLG stocks are positively recommended before the session on November 18
- Signal: Positive
- Impact on: QNS, VHC, STB, NLG, SAB, TNH
- Comment: Positive recommendations for many large stocks show the optimistic outlook of the market. However, it is necessary to monitor further macroeconomic developments and fourth quarter business results for a more accurate assessment.
Vietnam's stock market faces correction risks, investors need to be cautious when buying at the bottom
- Signal: Negative
- Impact on: VN-Index, HNX-Index, UPCoM-Index
- Comment: The short-term downtrend may continue next week due to weak demand. Investors should be cautious and avoid bottom fishing when there is no clear reversal signal. Closely monitor market developments and wait for safer opportunities.
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.
