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.
Bottom-fishing demand pushed prices back up, and foreign investors became active again.
The market showed positive signs as strong buying pressure returned in the afternoon session, helping stock prices recover across the board. Liquidity remained high, reflecting the confidence of domestic investors, and foreign investors also reversed to net buying after a period of heavy selling.
- Signal: Positive
- Impact on: VIC, VHM, CTG, TCB, VPB, VCB, BID, HDB, STB, VIB
- Assessment: The return of net buying by foreign investors indicates an improved short-term outlook, especially for financial, banking, and real estate stocks. Investors can take advantage of the technical correction to restructure their portfolios, prioritizing stocks with strong fundamentals. However, careful management of margin levels is still necessary given the lack of sustainable market drivers.
Large-cap stocks put downward pressure on the VN-Index.
Selling pressure on blue-chip stocks like VinGroup and major banks caused the index to fall sharply. However, many mid- and small-cap stocks maintained positive gains thanks to stable domestic demand. Foreign investors experienced record net selling at one point in the short term but showed signs of slowing down towards the end of the session.
- Signal: Positive
- Impact on: VHM, VIC, BID, VCB, CTG, TCB, VPB, GAS, MCH, VPL
- Analysis: The pressure from the sharp decline in blue-chip stocks is a common technical factor following a long period of consolidation. The halt in foreign selling indicates that market sentiment is gradually stabilizing. In the short term, investors should monitor key support levels to re-enter the market in stocks that have corrected to attractive price levels, while also enhancing risk management with stocks that have experienced rapid price increases.
VN-Index faces short-term challenges with support from bargain-hunting capital inflows.
The market is currently fluctuating around a key support level. Although technical indicators lack consensus, bargain-hunting buying remains crucial in sustaining the index's short-term recovery. Brokerage firms' assessments are still not entirely in favor of a strong upward trend.
- Signal: Neutral
- Impact on: BVSC, BSC, HSX, HNX, SHS, TVS, VIC, VHM, VRE, BID
- Assessment: The recovery trend still carries the risk of correction due to a lack of confirmation from leading sectors. Investors should exercise caution and prioritize a buy-and-accumulate strategy for stocks with solid business foundations in the banking and real estate sectors. This period is suitable for holding a moderate proportion of stocks and avoiding acting on market emotions.
The room for margin lending is expanding significantly, creating opportunities for the capital market.
The capital increase of securities companies, reaching over 77,800 billion VND, expands their margin lending capacity in the coming period. However, the disbursement level only accounts for half of the plan, indicating that securities companies are still assessing cash flow dynamics and market trends before increasing leverage.
- Signal: Neutral
- Impact on: SHS, TCX, VPX, VCK, DSE, TCBS, SSI, VCI, VIX, MBS
- Assessment: While increased margin room is a positive technical factor, it also carries risks if the market lacks synchronized growth momentum. Investors need to select stocks with good liquidity to easily execute orders in volatile market conditions. In the medium term, this presents an opportunity to access quality stocks with increased buying power from institutional investors.
Large-cap stocks can cause sensitive fluctuations in the index.
The VN-Index is facing a heavy reliance on large-cap stocks, making the index more sensitive to individual internal fluctuations. This poses a challenge to maintaining a sustainable upward trend without consensus from other sectors.
- Signal: Positive
- Impact on: FDI, PPP, FTSE, MSCI, FOL, CCP
- Assessment: The overemphasis on mega-cap stocks poses risks for investors holding biased portfolios. In the short term, diversification of assets should be prioritized, reducing the proportion in rapidly rising and sensitive stocks. In the long term, accumulating stocks expected to benefit from the market upgrade trend is a sustainable strategy.
The sharp rise in gold and silver prices has diverted funds away from risky stocks.
Gold and silver prices continue to rise due to safe-haven demand amid an uncertain economic and geopolitical environment. This shift of funds towards safe-haven assets could create selling pressure on riskier financial assets such as equities in emerging markets.
- Signal: Negative
- Affects: PPI, SPDR
- Analysis: The strong upward trend in gold and silver prices tends to draw speculative money away from the stock market, especially financial and real estate stocks. Investors should exercise caution if global markets continue to be volatile and opt for a defensive strategy with stocks that offer good dividend yields and liquidity. Short-term risks are increasing, but there could be opportunities for long-term wealth accumulation if geopolitical tensions ease.
The political confrontation between the Fed and the US government could affect monetary policy.
The Fed is under significant political pressure as it faces the possibility of its power being limited, potentially impacting investment due to its less independent interest rate policy decisions. This is causing concern among investors about the prospects for controlling inflation and stabilizing financial markets.
- Signal: Neutral
- Impacts: DOJ, FHA, SAO
- Assessment: Political interference in the FED will disrupt medium- and long-term investment strategies. The risk of unplanned interest rate adjustments could affect global capital flows, thereby negatively impacting frontier markets like Vietnam. Investors should maintain a flexible cash allocation and closely monitor macroeconomic policies to adjust their portfolios appropriately.
The US stock market experienced a sharp correction due to unfavorable economic data.
Wall Street indices came under downward pressure for two consecutive sessions after better-than-expected producer price index (PPI) and retail sales data. This raised concerns that inflation is heating up again, dampening expectations of an early Fed interest rate cut and leading to a defensive sentiment.
- Signal: Negative
- Affects: PPI, PCE, WTI
- Assessment: Macroeconomic data from the US may lead to portfolio adjustments by global investors, indirectly affecting the Vietnamese stock market. In the short term, the market may experience unpredictable fluctuations as interest rates remain high longer than expected. A defensive strategy should be maintained, prioritizing stocks with low beta and stable business models to minimize global trade risks.
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.
