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.
Domestic proprietary traders and institutions were net buyers during the panic selling at the end of the week.
Proprietary trading firms were net buyers of VND 338.5 billion, with net purchases of VND 211.2 billion in matched orders alone. Domestic institutional investors were also net buyers of VND 410.9 billion, with net purchases of VND 187.1 billion in matched orders alone.
- Signal: Neutral
- Impact on: VHM, VRE, VPL, VIC, VIX, VPB, TCB, VIB, VCB, CTG
- Analysis: The strong net buying activity from domestic institutional investors and proprietary trading desks during this volatile market period indicates a certain level of confidence in the market's recovery potential. This is an important supporting signal that could help stabilize the market and find equilibrium in the short term. Investors should monitor this capital flow and consider accumulating shares with strong fundamentals while prices remain attractive.
Vigorously implement solutions to allow foreign investors to trade directly.
“"We are not just talking, we are actively implementing measures," said Bui Hoang Hai, Vice Chairman of the State Securities Commission, adding that the Commission meets with dozens of foreign investors and investment institutions every month.
- Signal: Positive
- Impact on: FTSE, MSCI, CCP, KRX
- Assessment: The State Securities Commission's decisive implementation of measures allowing foreign investors to trade directly is a strategic move towards upgrading the market. This promises to strongly attract foreign capital, improve liquidity, and enhance the position of the Vietnamese stock market in the long term. Investors can consider ETFs or potential stocks that will benefit from this, preparing for a more sustainable growth period.
The valuations of the banking sector have fallen to attractive levels.
Although current valuations are less attractive than at the beginning of the year, the recent price correction, along with the positive outlook for the real estate market, will continue to act as a driving force supporting the potential for bank stock price increases in the near future.
- Signal: Positive
- Impact on: NIM, ACB, CTG, BIDV, OTC, NPL, LLR
- Assessment: After a period of correction, the valuation of bank stocks has become more attractive, especially with signs of improvement in the real estate market outlook. This group is often a pillar of the market; therefore, the recovery of banks could lead the overall index upwards. Investors should carefully evaluate factors such as the non-performing loan (NPL) ratio, net interest margin (NIM), and asset quality to select bank stocks with outstanding growth potential in the medium and long term.
Gold prices surpass $4,300/oz, SPDR Gold Trust buys aggressively.
Global gold prices maintained their strong upward momentum during the trading session, re-establishing the key mark of $4,300/oz, despite a slight recovery in the US dollar.
- Signal: Positive
- Impact on: CMZ, HSBC, SPDR
- Analysis: World gold prices continue their strong upward trend, surpassing the $4,300/oz mark, and the increased purchases by the SPDR Gold Trust indicate high demand for safe-haven assets amidst inflation and global economic risks. This could indirectly affect the sentiment of stock market investors, causing capital to flow towards less risky assets. For the Vietnamese market, investors may consider stocks related to gold mining and trading, or hedge a small portion of their portfolio into physical gold.
US stocks plunged as technology stocks were sold off and oil prices fell.
The US stock market fell sharply during the trading session, as investors sold off technology stocks and bought value stocks.
- Signal: Neutral
- Affects: AMD, CNBC, WTI, PVM
- Analysis: The sharp decline in US stocks, particularly technology stocks, coupled with falling oil prices, reflects concerns about inflation, monetary policy, and global economic growth. While the Vietnamese market may operate independently, domestic investor sentiment is often influenced by larger markets. Investors should exercise caution, manage portfolio risks, and prioritize defensive stocks or those with strong fundamentals to minimize negative impacts.
Bitcoin failed to maintain its recovery momentum after the Fed's interest rate cut.
Bitcoin surged from below $90,000 to $93,800 immediately after the rate cut news, before encountering strong resistance and retreating back to the $90,000 level, the price at the time of writing.
- Signal: Neutral
- Impact on: FUD
- Analysis: Bitcoin's failure to maintain its upward momentum after the Fed's interest rate cut shows that the cryptocurrency market is still facing significant challenges in terms of confidence and sentiment. While not directly related to the traditional stock market, Bitcoin's volatility can affect investors' overall risk appetite. Close monitoring of macroeconomic factors and the actions of large institutions is necessary to assess the next trend and avoid risky investment decisions in the context of the uncertain digital asset market.
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.
