After a week of good recovery at the support zone of 1,245 points, the stock market had a volatile trading week within a narrow range. At the end of the week, the VN-Index decreased by 0.18% compared to the previous week to 1,280.75 points. Trading volume increased quite strongly with 32.91% on HOSE and 31.66% on HNX, partly demonstrating the nature of short-term rotation, alternately recovering through each code group.
Foreign investors continued to net sell with 4,501 billion VND on HOSE, focusing strongly on FPT code (1,732 billion), in addition to net selling on MWG (644 billion), VHM (521 billion) and MSN (508 billion).. On the other hand, they net bought HDB (473 billion), TNH (163 billion)...
The industry group that dropped this week is information technology with typical codes such as FPT (-3.53%), CMG (-0.62%), ICT (-8.61%), ITD (-4.1 %).... Beer stocks traded in the red with SAB (-3.45%), BHN (-2.17%)... On the contrary, Vingroup stocks prospered in the weekend session with information. on the settlement of a bond batch worth 500 million USD...
The analysis team from SHS Securities Company believes that the market is cumulatively positive. If there are no new uncertain negative factors appearing, the VN-Index is expected to move towards the resistance area around 1,300 points when factors such as geopolitical tensions in the world, inflation pressure, exchange rates, Foreign investors' net selling cooled.
The short-term trend of VN-Index is still accumulating in the area of 1,250 - 1,300 points. In a positive case, if VN-Index recovers well in the short-term support area of 1,270 - 1,275 points, the possibility of returning to test the moderate area of 1,300 points is still possible. Therefore, SHS recommends that short-term investors should maintain a reasonable proportion and should not chase when the VN-Index is aiming for 1,300 points because this is not a really attractive price range. When VN-Index continues to adjust, in cases where the proportion is below the average level, disbursement can be considered. The target is the leading stocks in the industry, expected to have good growth in second quarter business results and positive prospects at the end of the year.
Medium- and long-term investors holding current portfolios and positions should consider increasing new proportions, making careful assessments based on second quarter business results and year-end prospects of leading companies in the industry.
According to experts from Vietcombank Securities Company (VCBS), although the market is relatively cautious at this time, selling liquidity is not too large, so VN Index is expected to soon regain momentum towards the 1,300 mark. . Investors should simultaneously remove weak codes from their portfolios as well as increase the proportion of stocks that have stable momentum and maintain a positive upward trend in some industry groups such as steel, rubber, etc. su.
