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's recovery momentum continues and the market continues to aim for higher targets.
VnEconomy introduces comments and investment recommendations of some securities companies on stock market developments.
- Signal: Positive
- Impact on: BVSC, BSC, HSX, HNX, SHS, HOSE, VIC, TVS, MBB, TCB
- Comment: Strong net foreign buying is a sign that large investors' confidence in the market outlook is being strengthened. This creates positive momentum for the VN-Index in the short term, especially for popular large-cap stocks. Investors can consider accumulating leading stocks or stocks with good fundamentals during this period, while maintaining risk management by setting appropriate stop-loss levels. This trend can be maintained if there are no major adverse macro factors affecting the global market.
Bank stocks turn around, creating psychological pressure, liquidity declines
The move to raise the open market interest rate has significantly affected the price movements of banking stocks. Immediately after the previous good increase, dozens of banking stocks turned down more than 1%
- Signal: Neutral
- Impact on: VIC, VHM, VPL, MSB, EIB, ABB, MBB, TCB, STB, VPB
- Comment: The decline in banking stocks after the move to raise OMO interest rates shows the sensitivity of this sector to monetary policy. The decline in liquidity means increased caution from investors, which may create adjustment pressure on the general index in the short term. This is the time to re-evaluate the prospects of bank profits and asset quality. Investors should temporarily observe, avoid catching the bottom early and wait for more stable signals from this sector before making new investment decisions. The risk from interest rates remaining at high levels may affect the profit margin (NIM) of banks.
Improving governance – “passport” in the race to welcome billion-dollar capital flows
In the context of the Vietnamese stock market upgrading, corporate governance is no longer an option but a prerequisite. Only by improving management thinking, will Vietnamese enterprises have the capacity to welcome the huge capital flow that is opening up.
- Signal: Positive
- Impact on: VIOD, IFC, SECO, VNX, HNX, HOSE, TTCK, FTSE, MSCI, SEE
- Comment: Improving corporate governance is a key factor in helping Vietnamese enterprises attract foreign investment flows, especially in the context of market upgrading. This creates long-term opportunities for companies with transparent and effective governance strategies, helping to increase sustainable value. Investors should focus on pioneering enterprises in improving governance, as these are bright "candidates" to attract foreign capital flows. Although the direct impact on stock prices may not be immediate, this is an extremely positive structural factor for long-term market growth.
Shaking returns to the stock market
A broad adjustment session took place, coinciding with the timing of the banking group retreating when information about the OMO interest rate increase appeared. If there is more coordination with the Vin group, the trading session will be a very remarkable session.
- Signal: Neutral
- Impact on: OMO, VIC, VHM, VPL, VRE, VNI
- Comment: The large-scale correction session, especially when the banking group and possibly the Vin group are under pressure, shows that the market is in a period of shaking and accumulation. This is a normal development after an increase, helping to eliminate weak investors and consolidate the new price base. Investors should be cautious, limit the use of margin and focus on selective portfolios. Shaky sessions can create opportunities to buy at better prices for potential stocks if the market has a strong bottom-fishing demand.
Corporate real estate lending increased sharply, mainly for refinancing and debt maturity.
Corporate real estate loans – accounting for 56% of total outstanding real estate loans – increased sharply by 23.9% compared to the beginning of the year, far exceeding home loans which increased by 12.4% compared to the beginning of the year, accounting for 44%, reflecting increased refinancing demand.
- Signal: Neutral
- Impact on: LDR, NIM
- Comment: The sharp increase in corporate real estate credit for refinancing and debt maturity shows that financial pressure still exists in this industry. Although it does not directly cause immediate stock price fluctuations, this is an important indicator of the health of the real estate market, which can indirectly affect the asset quality of banks. Investors need to closely monitor the bad debt situation and the recovery ability of real estate enterprises, and carefully assess the risks related to large loans. Real estate stocks may continue to be under pressure if the refinancing situation is unstable.
US stocks and oil prices rise on expectations of Fed rate cut
The US stock market rose in the previous trading session, as investors believed the US Federal Reserve (Fed) would lower interest rates in the near future.
- Signal: Neutral
- Impact on: ADP,CNBC,PCE,WTI,OPEC,PVM,EIA
- Comment: Expectations that the US Federal Reserve (Fed) will lower interest rates have boosted the US stock market and oil prices, creating a global upbeat mood. Although this is international news, it has a positive impact on the Vietnamese market through investor sentiment and foreign capital flows. The Fed's loosening of monetary policy can support emerging markets like Vietnam. Investors can expect more stability in the global macroeconomy, thereby reducing pressure on exchange rates and interest rates, creating favorable conditions for businesses and the stock market in the long term.
Gold prices remain stable despite USD recovery
World gold prices increased slightly in the previous trading session, although the USD and US Treasury bond yields both increased after better-than-expected US employment data.
- Signal: Neutral
- Impact on: SPDR, ADP, PCE
- Comment: Gold has maintained its value even as the USD has recovered, showing that the precious metal's role as a safe haven asset remains strong amid global economic uncertainties. This reflects a certain caution among investors regarding the economic outlook. For the stock market, gold's movements are often a psychological indicator, although they do not have a direct impact. Investors should diversify their portfolios, not only focusing on stocks but also considering other investment channels such as gold to manage overall risks, especially when there are unexpected fluctuations.
State Bank: Closely follow the market, intervene promptly to stabilize interest rates
The leader of the Monetary Policy Department said that the State Bank always proactively supports liquidity for the credit institution system through open market operations and foreign currency swaps, in order to stabilize the monetary market, ensure capital supply for the economy and maintain exchange rate stability.
- Signal: Neutral
- Impact on:
- Comment: The State Bank's commitment to timely intervention to stabilize the monetary and exchange rate markets is a very positive signal, helping to strengthen confidence in macroeconomic stability. This will support liquidity for the credit institution system, reduce concerns about interest rate and exchange rate pressures, and create a more favorable environment for production, business activities and the stock market. Investors can expect stability in monetary policy, thereby reducing systemic risks and encouraging capital flows into financial investment channels.
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.
