Market commentary on the stock trading session on November 4: Focus on stocks with good fundamentals; Which bank has the most deposits today?
– Gold price: Stable for both gold bars and gold rings
Gold prices on November 3 were stable for both gold bars and gold rings.
Specifically, Saigon Jewelry Company (SJC) announced the price of SJC gold bars at 87.5-89.5 million VND/tael (buy – sell), keeping the listed price unchanged in both. buying and selling afternoon compared to the closing session on November 2.
DOJI Jewelry Group in Hanoi and Ho Chi Minh City listed at 87.5 – 89.5 million VND/tael (buying – selling), keeping the listed price unchanged in both buying directions. and sold out compared to the closing session on November 2.
Phu Quy SJC gold price listed SJC gold price is being bought at the announced price of SJC gold bars at 87.7-89.5 million VND/tael (buy – sell), keeping the listed price unchanged. in both buying and selling directions compared to the closing session on November 2.
PNJ gold price in Ho Chi Minh City announced the selling price of SJC gold bars at 88-89,150 million VND/tael (buying – selling), keeping the listed price unchanged in both buying and selling directions compared to the closing price. session on November 2.
PNJ Gold in Hanoi announced the selling price of SJC gold bars at 88-89,150 million VND/tael (buy – sell), keeping the listed price unchanged in both buying and selling directions compared to the closing session on Monday. /11.
Bao Tin Minh Chau Company listed the gold price at 87.5 – 89.5 million VND/tael (buy – sell), keeping the listed price unchanged in both buying and selling directions compared to the closing session on Monday. /11.
SJC 9999 gold ring price was bought at 87.4 million VND/tael, sold at 88.9 million VND/tael, remaining unchanged compared to the session on November 2.
The buying and selling price of Doji Hung Thinh Vuong 9999 gold ring is at a record high of 88 – 88.9 million VND/tael.
World gold price remains above the mark of 2,735 USD/ounce.
– Market commentary on the stock trading session on November 4: Focus on stocks with good fundamentals
The reversal signal after hitting the resistance area is close to the appearance of a prolonged solid red distribution candlestick pattern, indicating that risks are increasing. However, distribution activities in low price areas are still temporarily under control as liquidity has not increased dramatically.
Summary of market commentary reports of some securities companies for the trading session on November 4.
Selling pressure will continue, so limit new buying
Vietnam Construction Securities Company (CSI)
Last week’s trading day had increased order-matching liquidity, the highest in 5 sessions, combined with a deep decline, causing VN-Index to close at the lowest level of the day.
Besides, the support level “about the GAP gain of the 3rd session of the week” has been broken, showing that negative signals are more dominant.
The positive point is that at the end of the week, VN-Index still had a slight green color (+0.17%) and formed the “Harami Cross” pattern, showing that the selling pressure of the previous week had leveled off.
However, the matched volume on the HSX in today’s rising week decreased compared to the previous week (-19.9%) and the liquidity of the rising sessions of the week was not high, lower than the falling sessions.
Therefore, the slowing selling pressure from the signal of the “Harami Cross” candlestick pattern is unconvincing.
We believe that selling pressure will continue into the next sessions, so we will continue to be cautious and limit new buying. We expect that the support level around 1,230 points will help VN-Index reverse and increase again.
Only maintain codes that have not violated the stop loss threshold
Vietcombank Securities Company (VCBS)
We recommend that investors stay calm, review their stock portfolios and only maintain codes that have not violated the stop-loss threshold, while maintaining a sideway margin, or even zig zag upward while collecting profits. attracts stable demand.
Besides, investors should also limit buying when there is no clear confirmation of the market trend at the present time.
The risk of penetrating the short-term bottom should be noted
KB Securities Vietnam (KBSV)
The reversal signal after hitting the resistance area is close to the appearance of a prolonged solid red distribution candlestick pattern, indicating that risks are increasing. However, distribution activities in low price areas are still temporarily under control as liquidity has not increased dramatically.
In general, bottom-fishing demand is still maintained, which can help slow down the fall of VN-Index and provide opportunities for differentiated recovery for some leading codes, but the risk of penetrating the short-term bottom and continuing The correcting trend of VN-Index needs to be noted.
After lowering the holding proportion to a safe level in the near resistance zone, investors can wait to partially reopen their trading positions at the next support zones.
Focus on stocks with good fundamentals and positive third quarter business results
Asean Securities Company
The market tends to continue to shake and consolidate the balance level of 1,258 points last week. Exchange rate movements have slowed down in the last three sessions and the SBV’s net withdrawal has cooled down significantly compared to the previous period of pressure, helping the general sentiment become more positive.
However, investors still need to closely monitor further developments in exchange rates and SBV’s actions on interbank market liquidity to shape market trends more clearly.
On the other hand, the October PMI index exceeded the threshold of 50, helping to increase expectations for the economy in the last months of the year.
We maintain a positive assessment of the medium and long-term market prospects, focusing on stocks with good fundamentals and positive third-quarter business results, waiting for disbursement when signs confirm. Equilibrium appears and prices are set at attractive levels.
– Agricultural product market: Rice exports in 2024 are likely to reach a new record
In 2023, Vietnam will export 8.13 million tons of rice. With the export rate over the past 10 months and domestic production capacity, rice exports will reach over 8 million tons and will exceed the record of 2023.
Rice prices in the Mekong Delta region last week did not change much. Rice export prices decreased, following the same trend as major exporters. However, with positive rice export results from the beginning of the year, Vietnam’s rice exports in 2024 could reach a new record.
According to the Ministry of Agriculture and Rural Development, the volume of rice exports in October 2024 is estimated to reach 800,000 tons with 505 million USD, bringing the total volume and value of rice exports in 10 months to nearly 7.8 million tons with 4,000 tons. 86 billion USD, up 10.2% in volume and 23.4% in value over the same period in 2023.
The average export price of rice in the 10 months of 2024 is estimated to reach 626.2 USD/ton, up 12% over the same period in 2023.
In 2023, Vietnam exported 8.13 million tons of rice. With the export rate over the past 10 months and domestic production capacity, rice exports will reach over 8 million tons and will exceed the record of 2023.
According to traders in the Mekong Delta, last week Vietnam’s 5% broken rice was offered for sale at 520-525 USD/ton, lower than 532 USD/ton last week.
– Viettel Military Industry and Telecommunications Group has 2 more Deputy General Directors
On the morning of November 2, at the Central Military Commission Office, General Phan Van Giang, Politburo member, Deputy Secretary of the Central Military Commission, Minister of National Defense awarded Decision No. 420/QDĐ-BQP and Decision No. Decree No. 468/QDĐ-BQP dated November 1, 2024 on the appointment of officers for Lieutenant Colonel Cao Anh Son and Lieutenant Colonel Nguyen Dat to hold the positions of Deputy General Directors of Industry – Telecommunication Group Military Communications (Viettel).
Previously, Viettel’s board of directors included Chairman and General Director of the Group – Major General Tao Duc Thang; Party Committee Secretary, Deputy General Director – Major General Nguyen Dinh Chien; Deputy General Directors: Major General Do Minh Phuong, Colonel Dao Xuan Vu.
– Which bank has the most deposits today?
According to statistics from financial reports of 29 banks, BIDV is temporarily holding the top position in deposits after the first 9 months of 2024 with a balance of more than 1.87 million billion VND.
According to Mekong ASEAN statistics from 29 banks that have published financial reports (excluding Agribank), the total customer deposit balance of banks has increased by 7.2% compared to the beginning of the year, reaching nearly 10.8%. million billion VND as of September 30, 2024.
In terms of absolute balance, Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) temporarily leads in terms of deposits, reaching more than 1.87 million billion VND as of September 30, an increase of 9.9%. equivalent to VND 169,035 billion compared to the beginning of the year.
The second and third positions in the rankings belong to two Big4 banks, VietinBank and Vietcombank, respectively. Accordingly, VietinBank recorded a deposit balance of 1.51 million billion VND, an increase of 7.5% compared to the beginning of the year. Vietcombank recorded a deposit balance of 1.43 million billion VND, a slight increase of 2.5% compared to the beginning of the year.
In the group of shares, MB continues to be the bank receiving the most deposits, with a balance reaching 627,567 billion VND, an increase of 10.6% compared to the beginning of the year. However, compared to the group of state-owned banks, the deposit balance of the leading private bank is only nearly half.
The Top 5 and Top 6 in terms of customer deposit balances belong to Sacombank and ACB respectively, these are also two banks that recorded deposits of over 500,000 billion VND, specifically, Sacombank recorded 566,724 billion VND, an increase of 11% compared to with the beginning of the year; ACB recorded VND 512,124 billion, up 6% compared to the beginning of the year.
The remaining names in the Top 10 customer deposit balances in the first 9 months of the year all chased each other “closely” with Techcombank, VPBank, SHB and HDBank recording VND 494,954 billion respectively; 475,782 billion VND; 471,799 billion VND; 397,019 billion VND.
– After strong sales in the third quarter, how many Apple shares does Warren Buffett still hold?
Legendary Warren Buffett sold a large amount of Apple shares in the third quarter.
Legendary Warren Buffett sold a large amount of Apple shares in the third quarter, thereby shrinking the largest position in Berkshire Hathaway’s investment portfolio for four consecutive quarters.
According to the financial report published on the morning of November 2, the corporation headquartered in Omaha (Nebraska) held about 69.9 billion USD in Apple shares at the end of September.
That shows Chairman Buffett has sold a quarter of Berkshire’s stake in the iPhone maker. By the end of the third quarter, Berkshire still held about 300 million Apple shares, down 67.2% over the same period last year.
In the context that Buffett continued to sell and did not buy back Berkshire shares, the group’s cash volume surpassed the $300 billion mark in the third quarter. According to the report, Berkshire saw its cash pile increase from $276.9 billion at the end of the second quarter to a record $325.2 billion in the third quarter.
In addition to strongly selling Apple, Buffett also sold off the second largest stock in Berkshire’s portfolio, Bank of America. Since mid-July, Berkshire has earned more than $10 billion when selling shares in Bank of America.
Treasury stock purchases slowed earlier this year as Berkshire shares outperformed the broader market and hit a record high. Therefore, Berkshire only bought about 345 million USD of treasury shares in the second quarter, significantly lower than the number of 2 billion USD in the previous quarter.
