The Vietnamese stock market progressed positively in the first trading session of the week on January 19 with widespread green color. Bluechip stocks are still the main support for the market. Active cash flow is circulating through industry groups, with the bright spot being the group of state-owned enterprise stocks continuing to be activated by Resolution 79-NQ/TW, helping VN-Index approach the historical threshold of 1,900 points.
Closing the session on January 19, VN-Index jumped more than 17 points to 1,897 points. Liquidity on the HOSE floor reached more than 36,000 billion VND, equivalent to the end of last week. Large capitalization basket contributed a large part with nearly 24,000 billion VND.
The market has three codes matching orders of trillions of VND including VIX (1,752 billion VND), FPT (1,576 billion VND) and HPG (1,129 billion VND). Faced with the context of VN-Index trading positively, foreign investors also took the opportunity to "gather" 494 billion VND net on the entire market after 4 consecutive net selling sessions.
The energy group stock pair surged, in which PLX closed the session up 6.9% to the ceiling price of 55,600 VND/share with liquidity of more than 11.8 million units and ceiling buy orders of nearly 4.1 million units; while GAS increased by 6% to 105,800 VND/share with a matched order volume of 4.5 million units.
In addition, Vin stocks returned to the leading position to support the market. In which, VIC closed the session up 1.3%, making the largest contribution of 3.5 points to the general index.
Notably, the positive developments of the banking stock group. In which, VPB closed the session up 2.6%, MBB up 1.7%, TCB up 1.4%, HDB, ACB, CTG, SHB increased around 1%. In which, SHB is still the code with the best liquidity in the banking segment, reaching 59.6 million units, VPB matched 30.8 million units, MBB matched 27.2 million units, and HDB, CTG, ACB, TCB matched orders for over 10 million units.
According to analysts, the stock market is still in a good uptrend channel, the upward momentum continues to be maintained, accompanied by good buying demand in large stock groups, leading business groups, and VN30 stocks.
Yuanta Vietnam Securities Company assesses that the short-term uptrend is still maintained, so this is a healthy accumulation phase and consolidates the short-term uptrend, especially the group of mid-cap and small-cap stocks is starting to enter a period of stronger fluctuations, so differentiation may occur. The large-cap group may move sideways and accumulate, while the mid-cap and small-cap group will maintain the upward momentum in the next trading week.
DSC Securities Company put forward the view that the market is likely to enter a period of gradually narrowing the fluctuation range, accompanied by a decrease in liquidity. Some niche stock groups may continue to maintain their upward momentum, while large industry groups such as banking, securities, steel... will continue to strongly differentiate. This period is suitable for a fast trading strategy and expects performance at a moderate level.
The potential support zone that investors can consider disbursing with a small proportion and vision over 3 months is around the 1,850 point mark. In addition, we recommend that investors limit chasing buys of stocks that have surpassed the old peak, instead prioritizing buying in accumulated base areas.
