Overview of the market
According to Lao Dong, the stock market ended the previous trading week in a state of balance thanks to support around the 1,300-point area. VN-Index closed at 1,305.4 points, down 2.4 points (-0.19%). Despite the adjustment to the end of the week, the index still recorded an increase of 0.66% for the week, expanding the increase range by 3.19% compared to the previous month.
Market liquidity remained vibrant with the matched value reaching VND 16.8 trillion. However, red dominated when there were 265 stocks on HOSE and 18 stocks in the VN30 basket. VN30 is under greater pressure with a decrease of -0.53%, mainly due to the slowdown of the banking group (LPB -1.6%; MBB -0.9%; VCB -0.7%; TPB -1.2%). The BVH (-2.1%) and HPG (-1.6%) codes decreased the most, reflecting the cautious psychology of the Insurance, Steel - Dignity group. Meanwhile, VNMidcap increased slightly by +0.04% while VNSmallcap decreased by -0.16%.
The bright spot of the market came from the Real Estate group with NTC codes (+5.3%), NVL (+5%) and NLG (+4.4%) leading the increase. The Oil and Gas group (PVC +1.8%; PVS +1.4%; PLX +1.4%) and Chemicals (GVR +2.1%; DPR +1.3%) also recorded positive signals with good spread within the group.
Foreign investors continue to be the minus point when extending the net selling chain to the 7th consecutive session, with a selling value of up to VND985 billion. Discharge is concentrated on HPG (-116 billion VND), TPB (-102 billion VND) and VHM (-99 billion VND).
Investment recommendations today
Limit buying and selling high-priced stocks, buy new
Vietcombank Joint Stock Company (VCBS) recommends that investors take partial profits from stocks that have reached short-term targets and approached important resistance levels, in order to minimize the risk of adjustment. Currently, many industry groups have had a strong increase following the VN-Index, while cash flow is clearly differentiated, so choosing investment opportunities needs to be more cautious, avoiding buying and chasing stocks at high prices.
Kien Thiet Vietnam Securities (CSI) commented that the upward trend of the VN-Index is still consolidated after 6 consecutive weeks of increasing with explosive liquidity. However, when approaching the resistance level of 1,327 points, the market may experience fluctuations after a long period of increase.
In addition, it is not excluded that the VN-Index may adjust to the support zone of 1,290 points due to the impact of world market developments. In this context, CSI recommends limiting new opening buying positions, instead considering taking profits when the index approaches the resistance zone of 1,327 points. If the market adjusts deeply to 1,290 points, investors can consider buying back at a safer price range.
Notable stocks today
KBC - Proposal for OUTPERFORM (BVSC)
Potential from large land funds and upcoming legal projects. Target price 38,802 VND/ part (+29.8%).
DGW - Proposal for OUTPERFORM (BVSC)
Valuation at VND46,500/episode, PE is 19.1x higher than the 5-year average.
VHC - MUA (KBSV) recommendation
Pangasius exports benefit from US taxes, profit in 2025 is expected to be +26%. Target price 82,800 VND/ equity (+16%).
NLG - Recommendation for THAT QUAN (MBS)
Revenue increased sharply thanks to the handover of Akari City. Target price 42,500 VND/ part (+29.2%).
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.
