Overview of the market
According to Lao Dong, yesterday's session (March 4), the stock market had a volatile trading session but ended in green. Although it had a time of falling below the 1,300-point mark, the VN-Index rebounded and closed at 1,311.9 points, up 2.5 points (+0.19%), reversing nearly 14 points from the lowest level in the session. However, market breadth has not improved significantly with 211 codes increasing and 260 codes decreasing.
Market liquidity exploded when the trading value matched to VND20,000 billion, the highest level in the past 5 months.
The banking group is the main driving force to help the market recover, contributing nearly 3.3 points to the VN-Index. Notably, TCB increased sharply by 5.4%, reaching a new peak since July 2021. EIB also recorded an increase of 2.8%, while most other banking stocks fluctuated slightly around the reference.
In addition, many stocks such as PHR, HAX, QCG, BAF, CTD, HVN also had impressive increases. On the contrary, the securities, Steel - convertible, Insurance and Information Technology industries have decreased slightly but have not yet had a significant impact on the market.
Regarding foreign transactions, foreign investors continued to net sell for the 9th consecutive session with a value of 326 billion VND. TPB was the most net-sold code (-150 billion VND), while VNM was a bright spot on the buying side with a net buying value of 137 billion VND.
Investment recommendations today
Prioritize holding strong stocks, consider taking profits
According to Kien Thiet Vietnam Securities Company (CSI), liquidity is an important highlight in today's session when the matched volume skyrocketed by 47% compared to the average of 20 sessions, setting a new peak in 2025. The reversal period reflects that demand is always ready to absorb supply whenever the market corrects.
VN-Index continues to maintain a positive trend and is likely to head towards the resistance zone of 1,327 points. However, CSI remains cautious, recommending that investors consider taking profits when the index approaches this zone, while continuing to hold stocks with positive price movements.
Meanwhile, AIS Securities Company assessed that today's session helped VN-Index form a green Pin Bar candle model, with liquidity remaining at a high level. The reaction in the 1,300-point area shows that this is a reliable support zone, creating a premise for the uptrend towards 1,330 points, possibly 1,370 points further.
AIS also noted that the market may experience fluctuations and fluctuations during the session, but this is only a short-term fluctuation. The increase will come with differentiation, so investors should prioritize holding stocks with stable cash flow and positive price movements.
Notable stocks today
VLB (UPCoM): BVSC valued VND51,700/CP, upside of 14.6%, recommended NEUTRAL. Risks from public investment disbursement progress and real estate market.
HPG (HOSE): BSC recommends strong buying, target price 37,500 VND/CP, upside 34%. Expected to increase output strongly thanks to the Dung Quat 2 project and the HRC anti-dumping tax from China.
HAX (HOSE): BSC recommends buying, target price 20,700 VND/CP, upside 21%. Benefit from MG's discount and high discount strategy.
TCB (HOSE): KBSV recommends buying, target price 36,200 VND/CP, upside 38%. Expect credit growth of over 20%, the real estate market recovers and expands the insurance ecosystem.
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.
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