External broker reports(aggregated public sources), Vietcap

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External broker reports(aggregated public sources)

Macroeconomics

<ul><li>The VN-Index (VNI) declined for the second consecutive month: The VNI declined 4.7% from end of October to November 19th to approach the support threshold of 1,200 points.</li><li>Supportive factors such as October’s strong macro results, the rallies of US stock equities (S&amp;P500: +3.7%; Nasdaq: +4.9%; DJI: +3.6% in the same period) and the US Fed’s rate cut was unable to limit the decline of the VNI due to: (1) ongoing foreign outflows (foreign investors net sold non-stop during this period with a total value of USD565.3mn), and (2) lack of “new” support factors.</li><li>However, in the last eight trading sessions, the VNI made an effort to bounce back, increasing 3.8% from November 19th to the end of the month, supported by: (1) buying force returned strongly from the support threshold of 1,200 points; (2) foreign investors returned to net buying from November 22nd to the month-end; and (3) investors were anticipating a long list of amended Laws and Regulations and the North-South High-Speed Railway to be approved by the National Assembly at the end of November (the largest investment project ever – see more in our Macro Note published on December 2, 2024).</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The VN-Index (VNI) declined for the second consecutive month: The VNI declined 4.7% from end of October to November 19th to approach the support threshold of 1,200 points.Supportive factors such as October’s strong macro results, the rallies of US stock equities (S&amp;P500: +3.7%; Nasdaq: +4.9%; DJI: +3.6% in the same period) and the US Fed’s rate cut was unable to limit the decline of the VNI due to: (1) ongoing foreign outflows (foreign investors net sold non-stop during this period with a total value of USD565.3mn), and (2) lack of “new” support factors.However, in the last eight trading sessions, the VNI made an effort to bounce back, increasing 3.8% from November 19th to the end of the month, supported by: (1) buying force returned strongly from the support threshold of 1,200 points; (2) foreign investors returned to net buying from November 22nd to the month-end; and (3) investors were anticipating a long list of amended Laws and Regulations and the North-South High-Speed Railway to be approved by the National Assembly at the end of November (the largest investment project ever – see more in our Macro Note published on December 2, 2024).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Market Recap November 2024 - VN-Index Declines for Second Consecutive Month