Despite some caution at the beginning of today's trading session, December 6, the demand quickly returned, helping the VN-Index continue to steadily "pass" the next short-term resistance zone at 1,270 points.
The big wave in the securities group in yesterday's session quickly weakened in the morning session of December 6. Besides some codes such as HCM, SSI, VCI, ORS... maintaining a slight increase, many other codes reversed and fluctuated around the reference level. The banking group switched to a state of differentiation when many codes reversed and made slight adjustments.
The lack of consensus among blue-chip stocks made it difficult for the market to maintain the momentum of yesterday's session. At the end of the session, the HOSE had 208 stocks increasing and 140 stocks decreasing, the VN-Index increased by 6.74 points (+0.53%), to 1,274.27 points. The total trading volume reached nearly 340.5 million units, worth VND8,939.6 billion, up 34.43% in volume and 55% in value compared to yesterday morning's session. Negotiated transactions contributed more than 34 million units, worth VND818.8 billion.
The VN30 group only increased slightly by less than 2 points with 16 stocks increasing and 11 stocks decreasing. In terms of industry groups, the banking and securities groups still maintained a state of differentiation and increased slightly, in which the securities group had a slightly wider increase amplitude thanks to the dominant green color, while in the banking group, the red color dominated although the decrease was only around 0.5% but large stocks such as VCB, BID, CTG are the mainstay of the industry.
The real estate group also maintained a slight increase thanks to the large pair VHM and VIC increasing by more than 1-2%, besides, industrial park codes such as KBC, SZC, SOP, IDC all increased slightly.
Analysts said that the strong and sudden increase in liquidity compared to the last 2 months shows that strong cash flow confirms the continued uptrend.
In addition, the momentum indicator increased strongly, showing strong momentum and expectations that the index will return to the old peak resistance zone in a good state. The plus point from the strong net buying level of foreign investors also contributed to creating a position confirming the formation of an uptrend again.
The uptrend will continue in the coming trading sessions, opening up opportunities for VN-Index to reach higher points. The next target is the old peak of 1,290-1,300 points. It should also be noted that the index has failed to conquer this resistance zone 6 times in 2024.
The bright spot comes from the information that FTSE seems to have a positive assessment of Vietnam's Non-prefunding policy and accordingly, investors expect the market to be upgraded to Emerging Market by March 2025. This good news appears in a positive macro context when the exchange rate has stabilized, world markets continue to increase and continuously create new peaks.
Continuing the good recovery momentum in the coming time, investors can consider increasing disbursement during this period when long-term investment stocks are having attractive valuations, focusing on businesses with good fundamentals and positive business prospects. In addition, investors should continue to monitor the developments of DXY, world markets and domestic exchange rates to manage short-term risks.
