On November 22, 2024, the stock market news bulletin recorded remarkable 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 recovers strongly, surpassing 1,200 points thanks to soaring bottom-fishing demand
- Signal: Positive
- Impact on: VN-Index, VN30-Index, VHM, BCM, TCB
- Comment: The market has reversed positively with strong liquidity increasing, showing that investor sentiment has improved. Breaking the 1,200-point threshold could create momentum for a short-term recovery trend, especially in large-cap stocks.
BSR, VNM and CTD stocks are recommended to buy with positive outlook on revenue and profit in 2024-2025
- Signal: Positive
- Impact on: BSR, VNM, CTD, PVD
- Comment: The buy recommendation for many large stocks shows positive expectations about the market outlook. The forecast of recovery in the consumer, oil and gas and construction sectors could boost cash flow into these stocks, supporting the VN-Index's short-term growth.
Bitcoin Surpasses $93,500, Sets New Peak in 2024
- Bitcoin price surged above $93,500/BTC late on November 20, continuing its strong uptrend and setting a new high this year.
- Signal: Positive
- Impact on: BTC, ETH, crypto related stocks
- Comment: Bitcoin's rally could boost cash flow into the broader cryptocurrency market. However, investors should be cautious of strong volatility and the risk of a correction after the hot growth period.
VN-Index seeks balance, expected to move sideways and accumulate after recovery session. Liquidity increases sharply, demand actively participates in the market.
- Signal: Neutral
- Impact on: VN-Index, VN30
- Comment: The market is trying to balance after adjusting to 1,200 points. Increased liquidity and positive demand are positive signals, but it is still necessary to monitor the possibility of fluctuations in the short term. Investors should be cautious and wait for clearer signals.
DNSE is in the top 10 outstanding members in derivatives trading settlement, rising to the top 3 in brokerage market share in the third quarter of 2023
- Signal: Positive
- Impact on: VN-Index, HNX-Index
- Comment: This event reflects the positive development of the Vietnamese derivatives market. DNSE's high performance shows the company's growth potential and can attract more investors to this market.
Vinhomes is about to end its historic treasury stock purchase, having purchased 211 million shares worth VND9,000 billion.
- Signal: Positive
- Impact on: VHM, VIC, VRE
- Comment: Vinhomes' large-scale treasury stock purchase demonstrates confidence in the company's long-term prospects. This could have a positive effect on real estate stocks and the general market in the short term.
Vietnam stocks show signs of bottoming out, VN-Index rebounds to over 1,200 points after sharp decline
- Signal: Positive
- Impact on: VN-Index, VNM, VCB, VHM
- Comment: The market is showing signs of bottoming out around 1,200 points with improved liquidity and bottom-fishing demand appearing. However, investors still need to carefully monitor developments in the coming sessions to confirm the trend.
Vietnam had only one IPO in the first 10 months of 2024, raising $37 million
- According to Deloitte’s report, from the beginning of the year to November 15, 2024, Vietnam had only one IPO in the fintech sector, raising $37 million. This figure exceeded the total value raised from IPOs in the whole year of 2023 in Vietnam.
- Signal: Negative
- Impact on: VN-Index, HNX-Index, UPCoM-Index
- Comment: The low number of IPOs reflects the cautious sentiment of businesses and investors. However, the larger scale of IPOs compared to last year shows that the quality of listed businesses has improved. It is necessary to monitor policies to support the capital market in the coming time.
DIC Corp terminates cooperation with Him Lam, divests from 2 major real estate projects
- DIC Corp (DIG) decided to terminate two business cooperation contracts with Him Lam related to real estate projects in Dong Nai and Ba Ria - Vung Tau.
- Signal: Neutral
- Impact on: DIG, HIM
- Comment: The termination of cooperation may have a short-term impact on DIC Corp's business plan. However, this could be a strategic move to restructure the investment portfolio, focusing on more potential projects in the future.
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.
