Viet Dragon Securities - Stock market – The headwind went away, the market sublimated.

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Viet Dragon Securities

Hung Le ...

Tung Do

Stock market – The headwind went away, the market sublimated.

The global stock market showed a more positive trend in November, with many indices, including Vietnam's, witnessing significant increases compared to the previous month. This uptick was supported by several factors such as the easing of the Israel-Hamas conflict, expectations of an earlier reversal in Federal Reserve monetary policy following the latest inflation report, and investor optimism about the real estate market after the National Assembly passed new laws.
We are not overly optimistic about the market trend in December. One of the reasons is that the macroeconomic indicators for November have not shown significant progress. Additionally, the persistent net selling trend by foreign investors in large-cap stocks continues to exert pressure on the scores in December.
Key events in December include the last Federal Reserve meeting of 2023 on December 13th, and the anticipated go-live of the KRX system at the end of the month. Additionally, the potential state visit of Chinese President Xi Jinping to Vietnam in the middle of this month is also noteworthy.

06/12/2023 15 EN

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Viet Dragon Securities

Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.

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Analysts

Hung Le

Tung Do

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The decline has not come to a halt

• It is expected that the 1,260–1,270 range, where the MA(20), MA(50), MA(100), and MA(150) converge, will help to slow down the market’s decline. • The market may see fluctuations in the near term to gauge supply and demand.

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Stock market – The headwind went away, the market sublimated.

AWAITING THE BREAKOUT

Vietnam chilled-fresh meat market – Significant long-term potential but difficult to realize in

The decline has not come to a halt

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