Macro/ Strategy

The market continued to plunge in the first half of November due to the pressure of force sell in real estate tickers such as PDR, NVL. Then the market gradually stabilized and recovered in the second half of November. The inflation data waslower than expected along with the FED's signal that it will slow down the speed of hiking interest rates in the near future has helped the global stock market regain the green color. In Vietnam, the authorities and the Prime Minister have consulted to solve the shortage of capital problem to support the real estate market and corporate bonds.

The "Value Seeking" portfolio includes leading blue-chip stocks, which have been heavily discounted recently. In terms of investment efficiency, the portfolio’s return continuously outperformed the return of the VN-Index. Strong contributions came from HPG (+35.8%) and VHM (+29%) thanks to net purchase of foreign investors. Other banking tickers in the portfolio also contributed to the market recovery last month:VCB (+17.3%), TCB (+14.3%).

#HPG, #TCB, #MBB, #VCB, #GAS, #FPT, #FRT, #GMD, #VHM