On November 25, 2024, the stock market news bulletin recorded notable developments, providing investors with multi-dimensional information about trends and growth potential. Below is a summary of some outstanding news and analysis of the market situation.
PYN Elite Fund: Vietnam's stock market is not worrisome, creating opportunities to restructure portfolio
- Foreign fund PYN Elite with total assets of VND22,000 billion has a positive assessment of the prospects of the Vietnamese stock market, forecasting corporate profits to grow by 20% in 2024-2025. The fund is taking advantage of fluctuations to restructure its portfolio.
- Signal: Positive
- Impact on: VN-Index, HNX-Index, UPCoM-Index, STB, TPB, MBB, CTG, HDB
- Comment: Positive messages from large foreign funds can create optimism for investors. Banking stocks in the PYN Elite portfolio such as STB, TPB, MBB, CTG, HDB can benefit from profit growth prospects and strong domestic demand.
Hoa Phat's CFO revealed that 30% output of Dung Quat 2 project has found customers. This is a positive signal for the group's business prospects in the coming time.
- Signal: Positive
- Impact on: HPG, NKG, HSG
- Comment: This information shows that steel demand remains stable, supporting the steel industry's prospects. HPG can maintain its leading market share position. HPG shares and other steel companies such as NKG and HSG can benefit in the short term.
US stocks rise, Wall Street continues to buy technology
- The US stock market rose across the board on November 21, with the Dow Jones leading the way with an increase of 1.06%. Investors returned to buying technology stocks, especially Nvidia, which increased by 0.5% after reporting positive business results.
- Signal: Positive
- Impact on: NVDA, GOOGL, Dow Jones, S&P 500, Nasdaq
- Comment: The US market's rise shows investors' optimism, especially in technology stocks. However, it is necessary to monitor Google's developments after information from the US Department of Justice.
VN-Index fails before 1,230 point mark, real estate stocks under strong selling pressure
- Signal: Negative
- Impact on: VN-Index, VHM, DXG, NVL
- Comment: The market is struggling at an important resistance level. Increased selling pressure in the real estate sector could cause the VN-Index to correct further in the short term. Investors should be cautious and monitor market developments.
Vietnam's stock market struggled, closing slightly down after two sessions of gains. VN-Index lost 0.2 points to 1,228.1 points. Liquidity increased slightly to nearly VND12,760 billion.
- Signal: Neutral
- Impact on: VN-Index, VN30, VHM, GAS, TCB
- Comment: The market is in the accumulation phase, lacking strong momentum for price increases. Investors are cautious, waiting for more clear signals. Foreign investors returning to net buying is a positive point, but the value is still modest.
Foreign investors unexpectedly returned to net buying after a month of strong selling, led by HDG and TCB.
- Signal: Positive
- Impact on: VN-Index, HDG, TCB, SSI
- Comment: The return of foreign net buying may create positive sentiment among domestic investors, supporting the market recovery. However, further monitoring is needed to confirm the long-term trend.
Foreign investors unexpectedly net bought 28 billion VND, ending a nearly 1-month-long net selling streak.
- Signal: Positive
- Impact on: VN-Index, HDG, TCB, SSI
- Comment: The return of foreign investors to net buying after a long period of strong net selling is a positive signal, showing that they have begun to re-evaluate the market outlook. This can create optimism and attract cash flow back, especially in large-cap stocks.
Many banks sharply increase deposit interest rates, credit increases faster than deposits
- Signal: Neutral
- Impact on: Bank stocks (VCB, BID, CTG, MBB, ACB...)
- Comment: Increasing deposit interest rates may put pressure on banks' profit margins in the short term, but also help improve liquidity and capital sources. Credit growth faster than deposits shows that the economy's capital demand is recovering.
VN-Index recovers slightly after 2 weeks of decline, but weak demand makes the market lack momentum to break out
- Signal: Neutral
- Impact on: VN-Index, VPB, ACB, MBB, STB
- Comment: The market shows signs of recovery but is not yet stable. The banking group leads the increase but low liquidity shows investors' cautiousness. It is necessary to monitor more signals about cash flow and short-term market trends.
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.
