Cash flow from large investor groups contributed to putting pressure on the stock market's growth as foreign investors and domestic organizations (including securities companies' self-trading) continuously sold net last week.
The VN-Index is still in a correction phase to test the short-term uptrend after the explosive session on December 5, 2024.
The general index still reacted well to the support level of 1,260 points, thanks to increased demand when the market corrected deeply.
Therefore, investors can continue to take advantage of the opportunity if the market corrects this week to disburse into stocks with good fundamentals and prospects of recording positive business results in the fourth quarter of 2024 and the first quarter of 2025.
However, with no clear signal of a short-term bottom, investors need to "slow down" to observe market developments, avoid overbuying, and guard against the scenario of the market widening the adjustment range.
Regarding the impact of stock groups on the market, according to recent analysts, the securities group has had positive developments, with some codes increasing strongly such as SSI, HCM, VCI..., mainly due to the expectation that the Vietnamese stock market will soon be upgraded, thereby attracting large investment capital flows from passive and active funds.
This capital flow not only helps securities companies increase revenue from transaction fees, but also revalues the market in an upward direction, meaning that companies with proprietary trading activities have the opportunity to record outstanding profits.
Many securities companies are moving to increase charter capital to prepare resources for the race after the market is upgraded.
The upgrade will increase the participation of foreign organizations in the Vietnamese stock market, while improving the sentiment of domestic individual investors, thereby helping the market to trade more actively and liquidity to increase; the first beneficiaries are securities companies.
The group of stocks has positive business prospects from 2025, investors are paying attention to this group of stocks.
Regarding the banking stock group, the credit growth target is the main story of the banking industry, when the State Bank can open more credit "room" for banks that are close to using up their assigned limit.
Boosted credit will bring positive profits to banks in late 2024 and early 2025.
As of December 7, 2024, system-wide credit recorded a growth rate of 12.5%, significantly higher than the rate of more than 9% in the same period in 2023.
Growth momentum mainly came from the corporate customer segment, while retail credit recovered more slowly.
Private banks with a large proportion of real estate and construction business loans such as TCB, HDB, LPB, NAB, MSB recorded positive growth, exceeding the industry average.
Some dynamic private banks such as TCB, MBB, MSB, TPB have expanded credit to more than 80% of the assigned limit in 2024. This group of banks may have their credit growth limit extended by the management agency and the actual growth rate by the end of the year is likely to reach about 20%.
Experts still note that the mobilization interest rate level is under pressure to increase to supplement capital sources for credit, while the output interest rate is unlikely to increase when the Government's orientation is to maintain the lending interest rate level at a low level to support economic growth.
Therefore, the net interest margin (NIM) of the banking industry is likely to decrease in the coming time.
