On November 30, 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.
South Korea continues to boost investment in Vietnam, focusing on high technology and green economy.
- Korean companies are expanding their investment in Vietnam in new areas such as semiconductors, artificial intelligence and hydrogen. Total FDI from Korea has reached nearly 87.5 billion USD, accounting for 181.3 billion USD of total FDI in Vietnam.
- Signal: Positive
- Impact on: VN-Index, HNX-Index, technology and manufacturing stocks
- Comment: Increased FDI inflows from South Korea will boost economic growth and support the stock market. Enterprises in the high-tech and manufacturing sectors can benefit from this trend.
US allows first 24/7 stock exchange, opening new era for global financial markets
- Signal: Positive
- Impact on: SPY, QQQ, DIA, VIX
- Comment: Allowing 24/7 trading can increase liquidity and trading opportunities, but also exposes the market to price volatility during off-peak hours. Large exchanges and brokerages can benefit from this trend.
Securities company reduces Mobile World's 2024 profit forecast due to unusual expenses, concerns about expanding Bach Hoa Xanh. SSI Research adjusts down MWG's 2024 net profit estimate to VND4,000 billion, 2025 growth is expected to reach VND44% thanks to improved retail chains.
- Signal: Neutral
- Impact on: MWG
- Comment: Despite the downward revision of 2024 profit, MWG's long-term outlook remains positive thanks to improved business operations and retail chain expansion. However, the expansion of BHX needs to be monitored as it may impact short-term profits.
VN-Index increased slightly, cash flow shifted to technology, insurance and textile stocks. The stock market on the morning of November 29 recorded differentiation, with VN-Index maintaining a slight increase around the 1,240 point mark. Notably, investors are looking for new opportunities in potential industry groups.
- Signal: Neutral
- Impact on: VN-Index, FPT, MIG, BIC
- Comment: The market is in an accumulation phase, with cash flow shifting to specific industry groups. This may create short-term investment opportunities, but further developments in the coming sessions need to be monitored.
7th Corporate Governance Forum: Promoting responsible investment and internationalization of Vietnam's stock market
- The 7th Annual Corporate Governance Forum will take place on December 5, 2024 in Ho Chi Minh City, focusing on strategies to attract responsible investors in the trend of market internationalization. The event aims to promote the transparency and attractiveness of Vietnam's financial market.
- Signal: Positive
- Impact on: VN-Index, HNX-Index, banking and securities stocks
- Comment: The forum could create positive momentum for the stock market, especially banking and securities stocks. The focus on corporate governance and responsible investment could attract more foreign capital, supporting the expectation of market upgrade by 2025.
Vietnam promotes corporate governance, launches VNCG50 initiative to attract international investors
VIOD announces VNCG50 Scorecard initiative to improve corporate governance practices, narrow the gap with ASEAN region and upgrade Vietnam's stock market.
- Signal: Positive
- Impact on: VN-Index, HNX-Index, VN30-Index
- Comment: The VNCG50 initiative can promote transparency and improve corporate governance quality, attracting foreign capital into the Vietnamese stock market. This can create growth momentum for key indices in the medium and long term.
FPT sets new peak of 144,300 VND, contributing to VN-Index surpassing 1,250 points
- Signal: Positive
- Impact on: FPT, VN-Index, insurance industry (MIG, BVH, BMI, BIC, BLI, PTI)
- Comment: The breakthrough of FPT and the insurance group creates momentum for the market. Improved liquidity and foreign net buying for 6 consecutive sessions shows positive sentiment. However, it is necessary to monitor whether the increase can be maintained in the coming sessions.
FPT sets a new peak, leading VN-Index to surpass 1,250 points. Cash flow shifts to insurance and telecommunications groups. Market liquidity improves, foreign investors strongly net buy FPT.
- Signal: Positive
- Impact on: VN-Index, FPT, BVH, VNI30
- Comment: The market showed positive signs when VN-Index surpassed 1,250 points thanks to FPT's strong growth. Cash flow into insurance and telecommunications groups is a notable point. Improved liquidity and strong net foreign purchases of FPT are positive signals.
Foreign investors increased net buying of bluechip stocks, reaching nearly 360 billion VND in the session of November 29.
- Signal: Positive
- Impact on: VN-Index, FPT, MSN, HPG
- Comment: Foreign cash flow focusing on bluechips is a positive signal, showing confidence in the long-term prospects of the market. This could support the short-term growth of the VN-Index, especially large-cap stocks.
The National Assembly passed the Law amending 9 laws: Individuals are allowed to buy individual corporate bonds, and the fine for auditing violations is greatly increased.
- On the afternoon of November 29, the National Assembly passed the Law amending 9 laws with many new regulations on securities, taxes and auditing. Individuals are allowed to buy individual corporate bonds, and the fine for auditing violations has increased to a maximum of 2 billion VND.
- Signal: Positive
- Impact on: VN-Index, HNX-Index, TPDN, bank stocks and securities
- Comment: Allowing individuals to buy individual corporate bonds will promote the development of the bond market. Increasing penalties for auditing violations will help improve the transparency and reputation of the Vietnamese stock market, attracting investors.
VN-Index surpasses 1,250 points, up more than 8 points in session on November 29
- The VN-Index increased sharply thanks to cash flow into large-cap stocks such as FPT, HPG, MWG, MSN, helping the market extend its winning streak for the second consecutive session.
- Signal: Positive
- Impact on: VN-Index, FPT, HPG, MWG, MSN
- Comment: The increase of VN-Index reflects the optimistic sentiment of investors. Large-cap stocks leading the market is a positive signal, showing that cash flow is returning to blue-chip stocks.
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.
