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.
Market forecasts are positive for December, experts point to two performing sectors.
Historical data shows that banks and basic materials are the sectors that typically outperform in December.
- Signal: Positive
- Impact on: VIC, VPL, HOSE, SSI, VPX, VCK, FDI, PEG
- Analysis: Strong net foreign buying demonstrates international investors' confidence in the prospects of the Vietnamese market. This is a positive signal reinforcing the short-term upward trend, especially for the two sectors expected to perform well. Investors should consider accumulating in promising stocks in the banking and basic materials sectors, but risk management through portfolio diversification is necessary.
High deposit interest rates are merely a temporary phenomenon.
According to SHS Securities' assessment, the relatively high deposit interest rates at commercial banks for short-term maturities are a seasonal factor that often occurs in the last month of the year.
- Signal: Neutral
- Impact on: SHS, VIC, VHM, VRE
- Assessment: The increase in deposit interest rates is considered a seasonal factor at the end of the year, indicating temporary liquidity pressure in the banking system rather than a long-term change in monetary policy. This may maintain a neutral state for the market, but investors need to closely monitor the State Bank's operational policies. Sectors sensitive to interest rates may be indirectly affected in the short term; a defensive strategy is recommended, focusing on businesses with solid financial foundations.
HoSE: Liquidity decreased sharply in November.
In November, all indicators showed an increase compared to the previous month, with increases of 3,131 TP3T, 1,561 TP3T, and 2,051 TP3T respectively.
- Signal: Neutral
- Impact on: HCM, HOSE, VNIT, VIC, VCB, VHM, VCI, CTCP, PDV
- Analysis: The sharp decline in liquidity while indices continue to rise indicates cautious investor sentiment, a lack of truly active capital flow, and a potential concentration in certain stocks. Despite the index increase, the lack of liquidity poses a risk to the sustainability of the upward trend. Investors should prioritize stocks with strong fundamentals and stable cash flow, avoid short-term trend trading when liquidity is low, and maintain a reasonable cash allocation to await clearer opportunities.
Pillar "weighs down" VN-Index, stocks try to escape the impact
What most investors were waiting for has happened this morning: Leading stocks are undergoing a sharp correction, creating an opportunity to test the independence of the rest of the market. The VN-Index is down 1,271 TP3T, but trading remains relatively calm.
- Signal: Neutral
- Impact on: VIC, VHM, VPL, VRE, VJC, GEX, GEE, IJC, CII, PDR
- Assessment: The correction in blue-chip stocks is putting significant pressure on the VN-Index, but the stability of the rest of the market shows the resilience and potential of mid- and small-cap stocks. This is a time to test the true health of the market, when investors can look for opportunities in stocks with unique stories, not overly dependent on blue-chip stocks. The strategy should focus on analyzing specific companies, prioritizing those with sustainable profit growth and reasonable valuations, while managing risk in a market with strong differentiation.
VN-Index plummets to a 5-week low, liquidity drops dramatically.
This afternoon, VIC also plummeted to its floor price, adding significant pressure to the VN-Index. Furthermore, many other blue-chip stocks also declined, further weakening the index. This created considerable psychological pressure on other stocks.
- Signal: Neutral
- Impact on: VIC, VHM, VRE, SAB, VJC, FPT, MWG, PLX, HDB, MBB
- Analysis: The VN-Index experiencing its sharpest decline in 5 weeks, coupled with a significant drop in liquidity, reflects a sense of anxiety and the withdrawal of large capital from the market. In particular, pressure from large-cap stocks like VIC further fuels pessimism. Investors should prioritize a defensive strategy, reducing their stock holdings and increasing their cash reserves during this period. Opportunities may arise when the market finds equilibrium and liquidity improves, but patience is needed, and investors should avoid rushing to buy at the bottom.
ETFs continue to experience net outflows from Vietnam.
For ETFs investing in Vietnam, capital flows still lean towards net withdrawals, mainly coming from Fubon FTSE (-11.08 million USD), while VanEck is almost unchanged.
- Signal: Positive
- Impact on: FTSE, FOMC, VPL, MBB, MWG, VHM, VCB, ACB, VIC, HPG
- Analysis: Despite net outflows from some ETFs like Fubon FTSE, the market's ability to hold firm and absorb this selling pressure can be seen as a positive sign of market resilience. This indicates that the recovery potential and confidence of domestic investors or other foreign capital flows are still providing support. Investors should pay attention to the quality of capital flows and the sectors attracting interest, focusing on companies with clear growth stories to capitalize on potential opportunities even when ETF capital flows adjust.
Cash flow is letting go.
Extremely low liquidity suggests that buyers have "given up" to test the reaction of shareholders under pressure from the index. The impact was there, with nearly a hundred stocks falling below 1% at closing.
- Signal: Neutral
- Impact on: VNI, VIC, VHM, VRE, VPL, HSX, HNX
- Analysis: Extremely low liquidity indicates a hesitation in buying activity, reflecting a wait-and-see and cautious investor sentiment in the face of downward pressure. This phase is a time for the market to test support levels and the ability of stocks to hold their prices. Investors should remain patient, avoid hasty transactions, and focus on stocks with good liquidity and solid fundamentals. This could be a filtering phase, creating opportunities for long-term investors once the market stabilizes.
CNBC: Vietnamese stocks will surge in 2026.
The Vietnamese stock market appears to be becoming more attractive than the Chinese stock market – a CNBC article noted, suggesting that the growth of Vietnamese stocks in 2025 is just the beginning, with significant prospects for further growth in 2026.
- Signal: Positive
- Impact on: CNBC, VNM, MSCI, MCHI, EEM, KHO, NAM, ANG, FTSE, FDI
- Analysis: CNBC's positive outlook on the strong growth prospects of Vietnamese stocks in 2026 is a very important signal, reinforcing the confidence of both domestic and international investors in the long-term potential of the market. This could attract FDI and indirect investment into Vietnam in the future. Investors should consider this an opportunity for long-term accumulation of leading stocks with sustainable growth potential and benefiting from macroeconomic development. Patiently holding and strategically investing will yield significant returns in a favorable macroeconomic environment.
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.
