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.
Selling pressure surges, blue-chip stocks support VN-Index near historical peak.
VIC and VHM hit their upper limit, while VPL and VRE also recorded strong gains, helping the VN-Index maintain around its historical peak of 1800 points. However, increased short-term selling pressure caused most other stocks to decline due to profit-taking by short-term investors.
- Signal: Neutral
- Impact on: VIC, VHM, VPL, VRE, DGC, SSI, HCM, VCI, VCK, TCX
- Assessment: Although blue-chip stocks are supporting the market's upward momentum, the strong divergence in other sectors indicates uneven investor sentiment. In the short term, focus should be placed on overall cash flow and liquidity trends before expanding portfolios. Investors should prioritize stocks with strong fundamentals and high liquidity to avoid the risk of rapid reversals.
The return of funds from foreign ETFs is helping the market consolidate its trend.
Foreign ETFs recorded net purchases totaling over VND 30 billion, largely from The Global X MSCI Vietnam ETF. Conversely, KIM ACE Vietnam VN30 ETF and Xtrackers Vietnam Swap UCITS ETF saw slight outflows.
- Signal: Neutral
- Impact on: MSCI, KIM, ACE, VFM, BSR, TCX, FRT, VCB, SSI, VIC
- Analysis: The resurgence of foreign capital inflows reflects the attractiveness of the Vietnamese market amidst regional volatility. In the short term, this move reinforces positive sentiment and provides support for leading stocks. In the long term, if the net buying trend remains stable, this could signal a sustainable upward trend. Investors should closely monitor the movements of key ETFs and employ strategies to anticipate capital flows and intelligently restructure their portfolios.
The Vietnamese stock market is considered much more attractive than many other Asian markets.
Against the backdrop of growth-boosting efforts and preparations for a planned FTSE upgrade in 2026, the Vietnamese stock market stands out compared to countries like South Korea and Taiwan. This helps attract interest from foreign institutional investors.
- Signal: Positive
- Impact on: FTSE, BIDV, BSC, SBV
- Assessment: The current valuation of the Vietnamese market remains attractive compared to the region, especially with stable interest rates and loosened fiscal policy. In the long term, an upgrade in market status will be a turning point for market capitalization growth. Investors should actively accumulate stocks expected to be included in international indices, while prioritizing sectors that benefit from public investment and accelerated administrative reforms.
The Indian rupee became the worst-performing Asian currency this year.
Global investor pessimism regarding the Indian market has driven a sharp depreciation of the rupee. Continuous outflows of foreign capital from the Indian market have put pressure on exchange rates and domestic interest rates.
- Signal: Neutral
- Impact on: CNBC, NSDL, ASK, RBI
- Assessment: Exchange rate fluctuations in regional markets such as India could have a ripple effect on emerging markets, including Vietnam, especially in terms of sentiment and capital inflows. In the short term, this could put pressure on the domestic exchange rate, but in the long term, Vietnam is still considered stable. Investors should pay attention to exchange rate volatility and mitigate risks by allocating capital appropriately to highly defensive assets.
Gold prices surged by over $100/oz, setting a new record high due to safe-haven demand.
The SPDR Gold Trust – the world's largest gold ETF – has purchased over 12.1 tonnes of gold, bringing its total holdings to nearly 1,064.6 tonnes. This has sent gold prices soaring to an all-time high.
- Signal: Negative
- Impact on: SPDR, WGC
- Analysis: A sharp rise in gold prices is often a warning sign of instability in the global economy, driving up investor demand for safe-haven assets. This could reduce the attractiveness of risky assets in the short term. Stock investors should exercise caution, focusing on defensive stocks or those with stable cash flow. Simultaneously, they should monitor international monetary policy to adjust their strategies accordingly.
KIS Securities launches the All-Star Market Challenge.
The "Stock Market Acumen - All-Star Season" competition, organized by KIS Vietnam, attracted the participation of professional investors. This is a platform to train strategic investment thinking and encourage dynamic capital flows back into the market.
- Signal: Positive
- Impact on: KIS, MINH, WTS, TRI
- Assessment: The fact that securities companies organize training and investment networking programs reflects positive expectations for long-term growth. In the short term, such activities create momentum and attract new investors, thereby improving liquidity. Investors can take advantage of this opportunity to expand their knowledge and access more effective investment trends in the future.
Dr. Ho Quoc Tuan commented on the divergence of interests in market growth.
Dr. Ho Quoc Tuan observed that many large-cap stocks directly benefit from public investment and preferential government policies, while most other stocks are less affected by cyclical growth, leading to market differentiation.
- Signal: Neutral
- Impact on:
- Analysis: Uneven economic growth is causing capital to concentrate in large-cap stocks, putting retail investors at risk of portfolio imbalance. In the short term, caution is advised regarding speculative stocks with low weighting. In the long term, priority should be given to stocks with substantial business operations and those benefiting from positive macroeconomic conditions.
Technology stocks and oil prices propelled US equities to a three-day winning streak.
The US stock market maintained its third consecutive day of gains, thanks to strong support from artificial intelligence (AI) stocks and a nearly 2.71 TP3T rise in WTI oil prices, which helped improve global investor sentiment.
- Signal: Positive
- Impact on: CNBC, WTI
- Outlook: The resurgence of the US market, particularly in the technology sector, could positively spill over into Asia in the short term. This signals improving risk appetite. Investors should monitor domestic technology stocks and those related to the oil and gas supply chain to capitalize on medium-term opportunities.
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.
