HIGHLIGHTS
International News:
The U.S. stock market closed with mixed results on Wednesday, November 13, following the release of October inflation data. The Dow Jones rose by 0.11% to 43,958.2 points, while the Nasdaq Composite dropped by 0.26% to 19,230.7 points. The S&P 500 remained nearly flat at 5,985.4 points.
National news:
In the first 10 months of 2024, Vietnam’s manufacturing sector showed strong signs of recovery, supported by orders from FDI companies and a shift in supply chains. The October PMI rose to 51.2 points, indicating expansion. S&P Global reported that increased new orders helped many factories return to full capacity. The industrial production index (IIP) grew by 8.6% in the first nine months, with processing and manufacturing up by 9.9%. Exports over the 10 months surpassed USD 335 billion, an increase of 14.9%, with the FDI sector playing a key role. Total FDI into Vietnam reached nearly USD 26 billion, up 14.7%, with significant contributions from China. An S&P Global survey also showed that Vietnam is leading in supply chain shifts, with nearly 37% of companies increasing hiring due to this trend.
TRADING STRATEGY
The stock market closed in green at 1,246 points, with liquidity slightly higher than the previous session. Cash flow remained rotating among industries, buying demand improved in banking, real estate, F&B, retail, and service stocks. Meanwhile, selling pressure focused on financial services, oil and gas, and basic resource stocks. The VN-Index is expected to continue fluctuating around the 1,245-1,250 range.
The market rebounded after four consecutive sessions of declines. However, overall cautious sentiment limited cash flow and liquidity recovery, even as the index narrowed its losses and closed in positive territory. The VN-Index continues to trade sideways within the 1,240-1,245 support range. Investors are advised to focus on individual stocks with confirmed recovery trends and strong cash flow support. Additionally, accumulation of strategic stocks should be done selectively to avoid over-diversification.
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