In the trading session on January 13, the driving force came from the recovery momentum of VIC shares along with the support from bluechips as well as the good spread of money, which helped the green color expand on the electronic board. This is also the main driving force to officially conquer the new historical milestone of the Vietnamese stock market at the threshold of 1,900 points.
At the close of today's session, VN Index increased by 25.6 points, equivalent to 1.36%, to nearly 1,903 points. At the closing time, the HoSE electricity board recorded 203 gainers (19 ceiling gainers), 131 decliners. Market liquidity also recorded an impressive trading session, with over 1.34 billion shares matched on the HoSE exchange, equivalent to a trading value of 41,343 billion VND.
The fact that VN Index surpassed the 1,900 point mark is another opportunity for foreign investors to push profit-taking orders after a 4-session rally. In today's session, foreign investors net sold 483 billion VND on the HoSE exchange, focusing on codes such as: GMD, SHB, VRE, ACB, STB, MSN... In the opposite direction, this group strongly accumulated 3 bank codes VCB, VPB, BID.
Contributing the most to the breakthrough session of 1,900 points, in addition to large-cap stocks, there was also the return of Vingroup, VHM and VPL. Statistics show that these 3 codes contributed 11.5 points to the VN Index. Meanwhile, the remaining groups are GAS, BID, VCB, GVR, BSR, SAB, PLX, GEE, EIB, VIX, VPB, GEX contributing 17 points to the index.
The fact that VN-Index for the first time surpassed the 1,900 point mark, accompanied by high liquidity, shows that cash flow is still prioritizing leading stocks and maintaining confidence in the market's upward trend. In the short term, although profit-taking pressure may appear when the index approaches a new peak, the liquidity level and positive breadth are still considered important supporting factors, helping the market maintain a state of excitement.
According to the assessment of analysts at ABS Securities Company, the stock market is entering a new medium-term uptrend momentum expressed through price and volume consensus. In the medium-term trading framework, the market has sent a technical signal showing the end of the adjustment after more than 2 months of re-accumulation adjustment.
The above adjusted price model creates a bottom structure higher than the previous bottom, showing the price supporting factor of cash flow when the market and discounted stocks are attractive enough, completely suitable for a medium-term adjustment phase. As a result, the level of risk when returning to investment in the medium term is minimized, increasing efficiency when the market increases back to the same phase.
In addition, organizational cash flow has started buying again with medium-term transactions creating price support, which promotes investor interest in the market.
The analysis group expects VN-Index to enter the next medium-term upward phase to conquer the milestones of 1,980 and 2,084 - 2,180 points.
ABS's analysis team proposes a trading option in the direction of buying stocks that have completed the medium-term correction phase, when prices begin to cut up to the sliding average lines. The strategy prioritizes stocks with the same phase between short-term and medium-term trends, meaning both time frames are entering the upward phase.
In which, the group of stocks that maintain the long-term trend criteria and are in an upward phase continues to be the focus of monitoring. Prominent industries include banking, oil and gas, securities, insurance, industrial park real estate, technology and energy.
In addition, the group of stocks belonging to state-owned corporations is also highly appreciated thanks to the story of asset revaluation, which can create a medium-term price increase momentum in the context of the restructuring and equitization process continuing to be promoted.
