The new KRX trading system operated on September 5, combined with the positive recovery of major stock indexes in the world before the holiday, has added an optimistic signal to help the VN-Index have a good increase.
With the new KRX transaction system, the first market operates, the market partly shows certain expectations when increasing sharply by nearly 14 points. However, the state of differentiation between stocks is still strong, due to the influence of the prospect of the last quarter of the year.
In addition, the negative point is that liquidity has not exploded (match volume is 43.2% lower than the 20-session average), so the strong increase momentum has not been confirmed.
A positive point came from foreign transactions when the group of foreign investors returned to net buy more than 101 billion VND in the entire market yesterday.
The market is currently showing positive signs of recovery, with a gradual improvement in investor sentiment and positive developments in some leading industry groups. However, to establish a sustainable uptrend, the market needs more confirmation sessions with significantly improved liquidity, reflecting a stronger and more widespread cash flow return.
Experts from Asean Securities Company (ASC) expressed the view that in a positive scenario, the VN-Index may continue to increase points in the next session to move towards the resistance zone near 1,250 - 1,260 points.
Therefore, this exchange believes that the best action at this time is for investors who accept high risks to consider gradually disbursing for long-term targets in shaky sessions, focusing on stocks that benefit from economic recovery, growth business results, low valuations and high cash dividends, prioritizing banking, securities, public investment and retail stocks. In case investors accept low risks, they should closely monitor the tax situation and prepare appropriate risk management plans.
Experts from PHS Securities Company assess that the official KRX system being put into smooth initial operation will open up many significant opportunities for the Vietnamese stock market in the long term, especially in enhancing the position and attractiveness of the market.
However, current key issues such as customs tensions, global geopolitical factors, and important decisions related to domestic economic policies will continue to be the focus of investors as well as experts across the country in the period from May to June.
These factors not only have a direct impact on market sentiment but also have a profound impact on cash flow and investment strategies, making investors need to be more cautious in assessing opportunities and risks in the coming period, PHS Securities Company gave its opinion.
The market strategy research department of HSC Securities also commented that although the market is receiving some short-term support factors, investors still need to be cautious about macro risks that may negatively impact in the coming time...
In the current context, investors are recommended to disburse stocks with high potential at a reasonable price range with the proportion of stocks in the portfolio at about 60% in the context of profit growth of listed enterprises will record growth of about 12% over the same period.
Notably, the disbursement should be carried out at a low ratio and divided into many installments to limit risks for the investment portfolio and target industry groups with great growth potential such as public investment (infrastructure construction, steel, cement, stone, road asphalt), retail, real estate and banking.
