On November 27, 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.
Electricity stocks explode, POW hits ceiling, pulling up the entire industry
- Signal: Positive
- Impact on: POW, TV2, KHP, PC1, NT2, GEG, PGV, PPC, VN-Index
- Comment: The boom of electricity stocks, especially POW, shows that cash flow is shifting into this industry. This can create short-term growth momentum for the general market, especially when other pillar stocks are lacking resilience.
Vietnam stocks recover, POW hits ceiling thanks to cooperation with Vingroup on electric vehicle charging stations
- Signal: Positive
- Impact on: VN-Index, VN30-Index, POW, VIC
- Comment: The stock market recovered with high liquidity in some large-cap stocks, especially POW. The cooperation between PV Power and Vingroup in the electric vehicle sector can create new growth momentum for the energy and electric vehicle industries.
VietinBank Capital increases ownership in Fideco to 18,12%
- VietinBank Capital has just bought an additional 2.15 million FDC shares of Fideco, increasing its total ownership to 7 million shares, equivalent to 18.12% of the company's charter capital.
- Signal: Positive
- Impact on: FDC, CTG
- Comment: VietinBank Capital's move to increase ownership shows Fideco's development potential. This could create a positive effect for FDC shares and attract investors' attention to the real estate and financial sectors.
Foreign investors increased net buying by more than 115 billion VND in the session of November 25, 4 times higher than the previous session.
- Signal: Positive
- Impact on: VN-Index, MSN, CTG, KBC
- Comment: The strong return of foreign capital to net buying is a positive signal, showing the optimism of international investors about the Vietnamese stock market. This can create momentum to support the market's growth in the short term.
VN-Index slightly decreased, liquidity was low but foreign investors returned to net buying
- Signal: Neutral
- Impact on: VN-Index, HNX-Index, UPCoM-Index
- Comment: The market is in a state of balance. Although the VN-Index decreased slightly and liquidity was low, the return of foreign net buying is a positive signal. Investors should continue to monitor market developments in the coming sessions to have appropriate strategies.
PV Power expects to earn nearly 2,000 billion VND in profit in 2024, an increase of 87% compared to 2023.
- BVSC forecasts that PV Power (POW) will achieve after-tax profit of VND1,945 billion in 2024, a sharp increase of VND871 billion compared to 2023. The main driving force comes from the VND1,000 billion insurance compensation for the incident at Vung Ang 1 plant.
- Signal: Positive
- Impact on: POW, GAS, NT2
- Comment: POW's strong profit growth outlook in 2024 is a positive signal that could boost its stock price. However, risks from exchange rate fluctuations and business results of the new factories NT3 and NT4 need to be monitored further.
The opportunity to buy the bottom of the stock market is approaching with many positive signs.
- The number of open contracts increased, the P/E VN-Index decreased to an attractive level below 13 times, the fear index increased, signaling the right time to buy the bottom. Investors can apply the shark method of dividing money into 4 parts to safely disburse.
- Signal: Positive
- Impact on: VN-Index, stocks in securities, retail, food industries
- Comment: The market is showing many positive signs indicating bottom fishing opportunities. Investors can consider investing in high-quality stocks, especially in the securities, retail and food sectors.
Scott Bessent's nomination as US Treasury secretary sends stocks soaring. The Russell 2000 index hits record high, reflecting expectations of business-friendly policies.
- Signal: Positive
- Impact on: Russell 2000, Dow Jones, S&P 500, Nasdaq
- Comment: The market has reacted positively to the appointment of Bessent, who is seen as a supporter of the stock market. This could be a driving force for the growth of small and mid-cap stocks in the coming time.
Vietnam stocks rise, real estate and securities groups lead the increase
- VN-Index increased by more than 10 points to 1,245 points. Real estate and securities stocks such as QCG, NHA, EVG hit the ceiling. VIX and DXG led the liquidity with 13-15 million units matched.
- Signal: Positive
- Impact on: VN-Index, QCG, NHA, EVG, VIX, DXG
- Comment: Investor sentiment has improved, cash flow has spread to real estate and securities. Foreign investors switching to net buying is a positive signal. The market may continue to increase in the short term.
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.
