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.
VN-Index continues to plummet as blue-chip stocks fluctuate, while other stocks see a tug-of-war.
The rapid recovery of international stock markets last night helped to solidify a more stable sentiment in the morning trading session. Although the VN-Index was still pressured down quite sharply by some large-cap stocks, most stocks fluctuated or traded sideways within a narrow range.
- Signal: Neutral
- Impact on: VIC, VHM, BID, CTG, GAS, MBB, HPG, VCB, TCB, VPB
- Analysis: Although the VN-Index is under pressure from blue-chip stocks, the continued strong net buying by foreign investors is a positive sign, reflecting confidence in the long-term growth potential of the Vietnamese market. Investors should focus on sectors with strong fundamentals, avoid panic selling based on emotions, and consider accumulating at reasonable price levels when the market corrects. This strategy helps optimize profits when the market stabilizes and rises.
Oil and gas stocks surge again, but money continues to hold them steady at low price levels.
After a slowdown in the morning, strong capital inflows continued into oil and gas and fertilizer stocks this afternoon, accelerating their price recovery. The VnEnergy index on the HoSE rose by 6,771 TP3T, with a series of stocks hitting their upper limit.
- Signal: Neutral
- Impact on: VIC, VHM, BID, CTG, HPG, TCB, VCB, GAS, PLX, GVR
- Analysis: The strong recovery of oil and gas stocks indicates that speculative capital is seeking opportunities in sectors benefiting from macroeconomic factors such as rising oil prices. Investors may consider day trading or short-term investment in stocks with positive technical performance; however, careful risk management is necessary due to the high volatility of this sector. Maintaining support at low price levels also shows sustained interest from large capital flows, creating opportunities for further upward movements.
Polarized cash flow
The market remained clearly polarized as both speculative and sell-off activities intensified. The VNI was heavily pressured, contributing to stronger stop-loss selling, and speculative capital was operating at full capacity, driving up the prices of stocks with short-term prospects even further.
- Signal: Neutral
- Impact on: VNI, BSR, PLX, POW, GAS, PVD, DCM, PVT, GVR, HSX
- Analysis: The clear divergence in cash flow indicates that investors are becoming more selective, focusing on stocks with clear short-term prospects or sectors with unique stories. Blue-chip stocks are under selling pressure, while speculative stocks are experiencing rapid growth, creating risks for inexperienced investors. At this time, priority should be given to stocks with sustainable business growth or those with significant catalysts, while maintaining a flexible portfolio to respond to market fluctuations.
VN-Index aims for 1,900 points, ignoring the Iran upgrade event and focusing on the upgrade outcome.
The VN-Index may continue its upward trend, challenging the 1,900-point resistance level by the end of Q1 or the beginning of Q2 2026.
- Signal: Negative
- Impact on: KBSV, FDI, DXY, FTSE, OPEC
- Assessment: Although the forecast for the 1,900-point level is positive, net selling by foreign investors amidst geopolitical events could create short-term risks. Investors need to carefully consider their positions, especially monitoring exchange rate fluctuations and FDI flows. The market's prioritization of the upgrade outcome over geopolitical concerns indicates optimism, but caution is still needed regarding unexpected factors that could reverse the trend.
After the upgrade, Vietnam will be included in the "mandated buy" list of many global funds.
Against a backdrop of sustained positive macroeconomic trends, FTSE Russell's mid-term review in March is crucial, and the likelihood of upgrading the Vietnamese stock market is very high, almost certain.
- Signal: Positive
- Impact on: FTSE, LLC, ACB, ACBS, VNX, ESG
- Assessment: The potential upgrade of the Vietnamese stock market to emerging market status is an extremely strong growth driver for the medium and long term. This is a golden opportunity for global funds to invest, creating large and sustainable demand for key stocks. Investors should consider accumulating blue-chip stocks, especially those with a large weighting in market indices, to capitalize on this influx of foreign capital.
Inflationary pressures are rising amid the risk of Iran closing the Strait of Hormuz.
On March 2nd, the commander of Iran's Islamic Revolutionary Guard Corps declared that the Strait of Hormuz had been blockaded and any ships attempting to pass through could become targets.
- Signal: Negative
- Impacts: GIA, THI, WTI, PPI, NAM, FDI
- Assessment: Geopolitical risks from the Middle East, particularly the potential closure of the Strait of Hormuz, could drive up oil prices and inflationary pressures, negatively impacting global production and consumption costs. Investors should restructure their portfolios, prioritizing defensive sectors or stocks that benefit from inflation, such as oil and gas, gold, or sectors with the ability to pass costs on to consumers. Risk management is key in this uncertain environment.
Mr. Nguyen Duc Thuy has been appointed as the General Director of Sacombank.
The State Bank of Vietnam has approved the appointment of Mr. Nguyen Duc Thuy as General Director of Sacombank, effective March 3, 2026, as the bank enters a phase of accelerating restructuring.
- Signal: Neutral
- Impact on: TMCP, HOSE, STB, VIX, NIM
- Assessment: The appointment of a new CEO for Sacombank, one of the largest banks, may bring expectations of a change in strategy and operational efficiency. Bank stocks remain a pillar of the market, and the stability and growth prospects of STB will positively impact overall sentiment. Investors should carefully evaluate the bank's restructuring plan and credit growth potential to make appropriate investment decisions.
A number of sectors have been directly and negatively impacted by the conflict in Iran.
The aviation industry is the sector most negatively impacted by prolonged conflict, due to rising aviation fuel costs driven by oil prices, while travel demand and consumer sentiment generally weaken.
- Signal: Negative
- Impacts: UAV, HVN, VJC, LNG, PNJ, GAS, PVS, PVD, BSR, PLX
- Assessment: The conflict in Iran could have direct negative impacts on sectors such as aviation due to increased fuel costs and tourism due to reluctance to travel. Conversely, the oil and gas sector may benefit in the short term from rising oil prices. Investors should consider adjusting their portfolios, reducing their holdings in negatively affected sectors and seeking opportunities in defensive or favorable sectors. Portfolio risk management is crucial to protecting capital.
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.
