On November 29, 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.
Eastspring Vietnam CEO advises investors to be patient and avoid the get-rich-quick mentality
- Mr. Ngo The Trieu, CEO of Eastspring Vietnam, emphasized the importance of long-term investment and patience in the talk show The Investors. He advised investors to avoid the mentality of wanting to get rich quickly, instead they need to put their trust in reliable partners and persevere with their investment strategy.
- Signal: Positive
- Impact on: VN-Index, HNX-Index, UPCOM-Index
- Comment: This message can help stabilize investor sentiment, encourage long-term investment and reduce market volatility. This can create a foundation for sustainable growth of the Vietnamese stock market in the future.
Public investment stocks perform sluggishly despite high expectations from state capital disbursement
- Signal: Neutral
- Impact on: HHV, C4G, CC1, VCG
- Comment: Although public investment disbursement has been accelerated, stocks in this sector have not grown as expected due to many factors. However, the outlook for the end of 2024 and 2025 is more positive as many large projects are promoted, which could create momentum for price increases for this group of stocks.
JPMorgan predicts US stocks will continue to outperform global markets through 2025
- JPMorgan strategists believe U.S. stocks will continue to outperform other markets unless geopolitical and trade risks abate. The S&P 500 is up 26% in 2024, outpacing the MSCI World ex-U.S.’s 3.5% gain.
- Signal: Positive
- Impact on: S&P 500, MSCI World ex-US
- Comment: The positive outlook for US stocks could attract investment flows, especially into the technology sector. However, trade tensions and geopolitical uncertainties could cause short-term market volatility.
US inflation rises slightly, Wall Street falls as investors worry Fed will delay rate cut
- Signal: Negative
- Impact on: S&P 500, Dow Jones, Nasdaq
- Outlook: Higher-than-expected inflation data could prompt the Fed to delay rate cuts, putting pressure on stocks. This could lead to investor caution in the short term, especially for interest-rate-sensitive technology stocks.
VN-Index fluctuates around 1,245 points, investors remain cautious
- The VN-Index increased slightly in the morning session of November 28 but lacked the momentum to break out as investors remained cautious, waiting for more signals from the market.
- Signal: Neutral
- Impact on: VN-Index, bluechip stocks
- Comment: The market is lacking catalysts and leading stocks. Cash flow shows signs of improvement but investors remain cautious. VN-Index may continue to fluctuate within a narrow range around 1,240-1,250 points in the short term.
Vietnam Stock Market Q3/2024: Clear differentiation, outstanding purple stock opportunities in retail, tourism and industrial real estate
- Signal: Positive
- Impact on: VN-Index, HNX-Index, MWG, HVN, KBC, SZC
- Comment: The strong recovery of key sectors such as retail, tourism and industrial real estate creates growth momentum for the market. Purple stocks such as MWG, HVN, KBC have outstanding profit potential, promising attractive investment opportunities in the coming period.
Cash flow shifts to mid- and small-cap stocks, market polarizes strongly
- Signal: Neutral
- Impact on: VN-Index, HNX-Index, UpCoM-Index, small and medium stocks
- Comment: The market is clearly differentiated between stock groups. Cash flow tends to shift to small and medium stocks to seek short-term opportunities. However, liquidity remains low and the main index has no clear trend.
National Assembly deputies proposed exempting corporate income tax for securities investment funds to promote the development of Vietnam's capital market.
- Signal: Positive
- Impact on: VN-Index, HNX-Index, VFMVN30 ETF, SSIAM VNX50 ETF
- Comment: If approved, this proposal will create a strong impetus for the development of investment funds, attract foreign capital and increase market liquidity. This could boost the stock index in the short and medium term.
Large investment funds increase cash ratio ahead of November market correction
- Many large-scale investment funds such as VMEEF, VLGF, VFMVF1 proactively increased their cash ratio to 7-9% at the end of October, before the VN-Index adjusted to 4.6% in November.
- Signal: Neutral
- Impact on: VN-Index, FOX
- Comment: The increase in cash ratio of large funds shows short-term caution, but also creates room for bottom fishing when the market corrects. It is necessary to monitor the re-disbursement of funds in the coming time to assess the trend.
VN-Index increased slightly by 0.14 points to 1,242.11 points in the session on November 28, the lowest liquidity in nearly a month. The market traded cautiously before macroeconomic information.
- Signal: Neutral
- Impact on: VN-Index, HNX-Index, UPCoM-Index
- Comment: The sideways market with low liquidity shows that investors are cautious. We need to monitor the developments in the coming sessions to determine the trend more clearly. Bluechip stocks can play a leading role.
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.
