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.
Liquidity plummeted, pillar stocks still supported positive points
The order matching value of the two exchanges in the afternoon session decreased by 9% compared to the morning session, causing the whole day's liquidity to decrease by 13% compared to the previous session. The excited cash flow has weakened significantly, although the pillars still did a good job of supporting the score.
- Signal: Neutral
- Impact on: VPL, VIC, SSI, VCI, HCM, HAG, NVL, DXG, DIG, VJC
- Comment: Declining liquidity amid strong foreign net buying shows that cash flows are clearly differentiated. Investors need to closely monitor domestic cash flows in the following sessions to assess the market's ability to maintain its upward momentum. Investment opportunities can focus on pillar stocks with good fundamentals that are prioritized by foreign investors, while managing risks by setting clear stop-loss thresholds.
Cash flow slows down, market turns to tug-of-war
After the previous positive session, the slump in sentiment combined with the slowing down of the pillars caused the trading to be choppy throughout the morning session. The matching liquidity on the HoSE floor decreased by 13% with a balanced breadth and most stocks fluctuated very narrowly.
- Signal: Neutral
- Impact on: VIC, CTG, BID, TCB, VPB, MBB, VCB, VHM, HPG, FPT
- Comment: The market is struggling with declining liquidity, showing that cautious sentiment is prevailing after the previous rally. Investors should consider a strategy of buying and accumulating at price levels that strongly support stocks with long-term growth prospects. Effective portfolio management and avoiding excessive scalping during this period are very important to minimize volatility risks.
Foreign funds report negative performance due to holding two sharply falling bank stocks
VNH's performance per share decreased by 3.1%, lower than the decrease of 0.7% of Vietnam AllShare index. The banking and financial group, accounting for 38.1% of the fund's portfolio, was the main reason for the decrease in performance.
- Signal: Positive
- Impact on: VNH, MBB, TCB, MWG, FDI, PMI, VJC, FPT, PNJ, VLGF
- Comment: The negative performance of foreign funds due to falling bank stocks may affect the overall market sentiment, especially the banking group. This is the time for investors to re-evaluate the asset quality, profit prospects of banks and consider diversifying their portfolios. The risk of concentrating on one sector may be clearly exposed, so it is necessary to have a reasonable capital allocation strategy and be cautious with large fluctuations.
Heavy fines for many businesses related to bonds
On November 26, 2025, the State Securities Commission Inspectorate issued a Decision on administrative sanctions for violations in the field of securities and the securities market against Lucky House Investment Services Joint Stock Company.
- Signal: Neutral
- Impact on: LLC, LKH, TVSI, XPHC
- Comment: The punishment of bond-related businesses shows that the management agency is tightening up activities in the market. This can help increase transparency and health of the bond market, but can also put pressure on some businesses that are having cash flow problems. Investors should be cautious with businesses related to private bond issuance and focus on codes with solid financial foundations to avoid potential legal risks.
Gold price hits 2-week high, SPDR Gold Trust buys nearly 5 tons
Gold prices continue to be supported by the high possibility that the Fed will lower interest rates at its meeting on December 9-10.
- Signal: Neutral
- Impact on: SPDR, CME
- Comment: The rise in gold prices amid expectations of a rate cut by the US Federal Reserve (Fed) could signal a shift in capital flows to safe-haven assets. This could put pressure on the stock market in the short term if the flow continues to disperse. Investors may consider allocating a portion of their portfolio to gold as a hedge against inflation or market volatility, but should balance it with other investment channels.
SHS Board Chairman honored in Top 10 Red Star Awards 2025
On November 26, the Red Star Award Ceremony - Outstanding Young Vietnamese Entrepreneurs 2025 took place in Hanoi. Mr. Do Quang Vinh - Vice Chairman of the Board of Directors and Deputy General Director of SHB Bank, Chairman of the Board of Directors of SHS was honored to be in the Top 10 most outstanding entrepreneurs of this year's Red Star Award.
- Signal: Positive
- Impact on: SHB, SHS, TMCP
- Comment: The recognition of SHS's leadership is a positive signal, which can strengthen investors' confidence in the company's potential and reputation. This can create momentum for SHS and SHB shares to increase in the short term due to media and psychological effects. However, investors still need to carefully analyze the fundamental factors of business results, industry prospects and valuation to make sustainable long-term investment decisions.
Corporate bond maturity pressure to increase sharply in the next 2 months
The value of bond interest payments due in the Non-bank group is expected to reach VND7.6 trillion in December 2025, an increase of +33% compared to the previous month and the highest level in 2025.
- Signal: Positive
- Impact on: VHM, JSC, TCX
- Comment: The pressure on corporate bond maturity, especially in the non-bank group, is a factor that needs to be closely monitored. This may cause cash flow challenges for some businesses, potentially leading to bad debt risks or having to raise new capital at higher costs. Investors should prioritize businesses with healthy financial structures, low debt ratios and high solvency, while monitoring support from the government and banks to assess macro risks.
US stocks rose for four consecutive sessions, oil prices recovered
US stock markets rose in Wednesday trading, with all three major indexes posting their fourth straight session of gains ahead of the Thanksgiving holiday.
- Signal: Neutral
- Impact on: CNBC, WTI, EIA
- Comment: The US stock market continues to rise along with the recovery of oil prices, showing positive sentiment in the global market. This can create a spillover effect to the Vietnamese market, especially export industries or those closely linked to the global economy. Investors should monitor international macroeconomic developments to shape long-term trends and take advantage of opportunities from industries that benefit from the general recovery.
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.
