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.
The VN-Index declined slightly, but the upward trend was maintained.
VnEconomy has recorded assessments from securities companies regarding the market developments in the most recent trading session, indicating that the VN-Index experienced a slight correction, but the overall upward trend remains present.
- Signal: Neutral
- Impact on: BVSC, BSC, HSX, HNX, SHS, HOSE, TVS, VCB, BID, VIC
- Analysis: The continued net buying by foreign investors reflects medium-term optimism. However, short-term profit-taking pressure remains present in some sectors. Investors should patiently observe technical support levels before making new investment decisions. A "buy on dips" strategy is a suitable option for risk management in the current period.
Blue-chip stocks are striving to maintain momentum, and cash flow continues to remain high.
While market breadth leaned toward the downside, large-cap stocks like VN30 maintained positive sideways trading. Banking and technology stocks played a supporting role in the index.
- Signal: Positive
- Impact on: VHM, VIC, VPL, VRE, BID, VCB, TCB, CTG, GAS, FPT
- Assessment: The resilience of blue-chip stocks against general correction pressure suggests that the upside potential remains viable. This presents an opportunity for long-term investors to accumulate shares of fundamentally sound stocks. In the short term, investors can take advantage of price fluctuations to increase their holdings. It is crucial to maintain a value-based investment strategy and avoid short-term trading exceeding personal risk tolerance.
Successful rotation of key sectors, VN-Index maintains positive momentum, foreign investors pour capital in again.
Downward pressure on many small and medium-sized stocks did not significantly affect the VN-Index thanks to the return of foreign capital, with net buying exceeding 1,500 billion VND, helping many leading stocks maintain their positive performance.
- Signal: Neutral
- Impact on: BID, VCB, CTG, MBB, VPB, STB, HDB, VIC, VPL, VRE
- Assessment: The strong return of foreign capital is a sustainable supporting factor for the market in the medium term. However, individual investors remain cautious, as evidenced by the clear divergence between industry groups. Investors should prioritize stocks with net foreign buying and maintain portfolio balance to avoid systemic risk. For this period, a strategy of holding positions and observing capital flows is essential.
VPBankS entered the Top 10 in market share on the HoSE in the most recent quarter.
VPBank Securities ranked 9th in brokerage market share on the HoSE exchange, entering the Top 10 for the first time despite operating for less than 4 years, demonstrating the effectiveness of its post-IPO expansion strategy.
- Signal: Positive
- Impact on: HCM, CTCP, VPX, HNX, TMCP, VPB, SMBC
- Assessment: The significant increase in stock market share reflects the attractiveness of the integrated financial ecosystem that VPBank has implemented. In the long term, this could be a good growth driver for both the parent bank's shares and the brokerage firm's shares. Investors may consider holding shares within this ecosystem, but should monitor industry fluctuations and interest rates to adjust their positions accordingly.
December saw proprietary trading desks increase their transactions by more than 100%.
The proprietary trading desks of securities companies were more active, with a value increase of 106% compared to the previous month, despite a slight decline in the HNX-Index.
- Signal: Neutral
- Impact on: HNX
- Analysis: The increased activity of proprietary trading desks suggests expectations of profit recovery after months of correction. However, market volatility remains high, requiring investors to manage risk effectively if they want to follow institutional money flows. Prioritize stocks with strong fundamentals and good liquidity to minimize the risk of reversals.
Gold prices surged as investors awaited US jobs data.
The gold market recovered significantly amid investor concerns about the US macroeconomic outlook, particularly regarding employment and inflation data that could impact interest rate expectations.
- Signal: Neutral
- Impact on: RJO, SPDR, HSBC
- Analysis: The volatility of gold prices shows that investors are still seeking safe-haven assets amidst macroeconomic instability. In the stock market, the movement of gold reflects a redistribution of assets, potentially impacting short-term cash flow in defensive stocks. Investors should maintain a reasonable commodity-stock ratio and avoid chasing prices during overly rapid rallies.
The shifting of cash flow between major players makes it difficult for small investors.
Some bank stocks surged while most others corrected, creating a large performance gap in investors' portfolios, especially for small investors who were less able to restructure their portfolios in time.
- Signal: Neutral
- Impact on: VCB, CTG, MBB, TCB, VIC, VHM, VPL, BID, VNI
- Analysis: The continuous rotation of blue-chip stocks while small and medium-sized stocks weaken indicates that the market is undergoing a rigorous selection phase. In the short term, localized loss pressure may shake the sentiment of small investors. A sensible approach is to narrow portfolios, focusing on leading stocks with attractive valuations and stable liquidity in the current environment.
US stock market shows mixed performance, oil prices surge.
US stocks traded sideways as investors awaited inflation reports, while oil prices rose amid concerns that conflict in the Middle East could impact energy supply chains.
- Signal: Neutral
- Impacts: RTX, WTI
- Assessment: Oil price movements are likely to indirectly affect sectors in Vietnam such as energy, transportation, and manufacturing. In the short term, oil and gas stocks may recover in line with oil prices; however, caution should be exercised regarding strong technical corrections. In the long term, global macroeconomic factors remain the main risk that needs close monitoring.
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.
