Overview of the market
According to Lao Dong, at the end of yesterday's session (March 10), the market increased for the third consecutive session despite increased profit-taking pressure. VN-Index closed at 1,330.3 points (+0.32%), narrowing 5.6 points compared to the highest level. The width is tilted to the right side with 263 codes reduced, 191 codes increased.
The banking group (VCB +1.8%; BID +0.6%; VPB +0.8%) and Real Estate (BCM, IJC, ITC, TDC) increased the ceiling; VIC +4.4%; HDC +2.8%) led the market. Construction materials and minerals also traded well. In contrast, profit-taking pressure appears in Information Technology (FPT -1.5%), Retail (FRT -2.7%), Construction (CTD -2.9%) and Food & Beverage.
Liquidity kept pace with 19.8 trillion VND. Foreign investors net sold VND576 billion, focusing on FPT, SSI, FRT, while MWG (+145 billion VND) was a bright spot.
Investment recommendations today
Consider taking profits and allocating purchasing power appropriately
According to Vietcombank Securities (VCBS), with the strong increase of the market in the high-point area and the main driver coming from the large-cap group, the risk of fluctuations in the session may increase. Investors should consider taking partial profits from stocks under great selling pressure, especially stocks that have increased sharply since the beginning of the year. Cash flow should be allocated to well- accumulated stocks with growth potential in the first quarter of 2025.
Meanwhile, Asean Joint Stock Company maintains an optimistic view of the market's medium-term growth trend. However, after a long period of increase without significant adjustments, investors need to maintain their mentality in the face of fluctuations. Disbursement into large stocks with a solid foundation and positive business prospects is still recommended, while maintaining a reasonable amount of cash to be proactive in the face of market fluctuations.
Notable stocks today
DGC - KBSV Joint Stock Company recommends neutrality with target price of VND 116,200/CP (+5.5%) when 2025 revenue is forecast to increase by 15%, but profit margin is affected by high production costs.
DPM - TPS Joint Stock Company recommends buying at a target price of 42,000 VND/CP when the stock breaks the accumulation model, strong cash flow and positive technical signals.
GMD - Asean Joint Stock Company recommends buying at a target price of VND 74,500/CP when businesses benefit from Circular 39/2023, import-export growth and port capacity expansion.
The information in the article is for reference only and is not considered a decision to buy, sell or hold any shares.
Investors need to consider carefully and please consult an expert before trading.
Refer to more stock news HERE.
