Overview of the market
According to Lao Dong, at the end of yesterday's session (March 5), the stock market continued to struggle as selling pressure increased sharply from the afternoon session. VN-Index closed at the lowest level of the session, falling to 1,304.7 points, down 7.2 points (-0.6%) and losing nearly 15 points compared to the highest level of the day.
Liquidity matched with a slight decrease to VND17.3 trillion, but was still higher than the average since the beginning of the year (VND12.5 trillion). The VN30 group decreased slightly (-0.3%) compared to VNMidcap (1.2%) and VNSmallcap (1.1%). Despite support from VHM (+1.6%) and VIC (+0.7%), this increase is not enough to attract the market up.
Red covered the HOSE floor with 343 codes of decrease, concentrated in industry groups such as oil and gas, chemicals, steel - gold - steel - steel - steel, securities and construction materials. Some stocks with deep liquidity include TDC (-4.8%), VGC (-4.5%), FCN (3.6%), NLG (3.5%) and VIX (3.5%).
The banking group - the main growth driver in recent times - has also weakened significantly. Only some codes such as LPB, MBB, SHB maintain a slight green color.
However, the market still recorded some bright spots from the plastic group (BMP +4.4%; NTP +3.1%) and retail (FRT +1.1%), becoming a fulcrum in the cautious trading session.
Foreign investors continue to maintain the net selling trend with a value of VND356 billion, focusing on GMD (VND-98 billion), HPG (VND-96 billion) and VIB (VND-76 billion). On the contrary, they bought a strong net of MWG (+141 billion VND) and a joint stock (+113 billion VND).
Investment recommendations today
taking profits from weak stocks
According to AIS Securities, investor sentiment has become more cautious, but not too negative. Most stock groups are still trading around the accumulated base after the recent increase. If the VN-Index maintains the support level of 1,300 points, the uptrend can still be maintained.
AIS recommends that investors continue to hold stocks with good fundamentals and positive business prospects in the first quarter of 2025. At the same time, it is advisable to consider selling or taking profits for stocks with weakening price strength.
Meanwhile, Vietcombank Joint Stock Company (VCBS) said that the market is in a short-term correction phase. VCBS recommends that investors should not sell off when stocks have fallen sharply, but should take advantage of the recovery periods in the session to close positions for stocks that have broken the uptrend. In addition, it is necessary to wait for the market balance point before disbursing new purchases.
Notable stocks today
TCB: BSC Joint Stock Company maintains its buying recommendation, raising target price to 31,500 VND/CP, forecast profit in 2025 to reach 32.7 trillion VND (+19%).
CTG: KBSV Joint Stock Company recommends buying, target price of VND48,800/CP, expected credit growth of 17% in 2025.
K Human: KBSV recommends buying, target price 40,000 VND/CP, forecast sales in 2025 to increase sharply thanks to new projects.
VCB: Vietcap Joint Stock Company maintains purchasing, target price 114,500 VND/CP, forecasted positive credit growth despite adjusting the expected profit down.
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.
