The stock market experienced a volatile trading week. After a few recovery sessions, VN-Index was subjected to sudden selling pressure, down 0.44% compared to last week to 1,236.6 points. HNX-Index ended the week at 231.56 points, down 2.15%.
Liquidity on both exchanges this week improved compared to the previous trading week when order matching volume increased by 8.95% on HOSE and 18.9% on HNX. Foreign investors returned to net selling on HOSE with 400 billion VND, continuing to focus on VHM (-120 billion), VIC (-994 billion), CTG (-145 billion) and PDR (-119 billion).. On the contrary, they net bought VNM (+990 billion), MWG (+259 billion)...
Active industry groups contributing to the market's increase this week are food and beverages, typically VNM (+8.66%), HAG (+0.41%)... Oil and gas groups reacted. Responding to Middle East tensions with green from BSR (+1.82%), PVC (+0.72%), OIL (+2.76%)... Besides, a number of other industries witnessed many codes decline such as telecommunications, securities, chemicals and fertilizers, steel...
According to observations from SHS Securities Company, the past two shock reduction sessions in the past week have shown many short-term shake-off features for speculative positions, high leverage... and opened up many stock accumulation positions. Good quality coupons. In the short term, the market started August with an information gap about businesses after the second quarter report was announced. Therefore, the market will depend largely on the growth prospects of large capitalization enterprises and GDP growth.
Short- and medium-term investors should maintain a reasonable, average proportion and consider reducing the proportion of codes whose business results in the second quarter of 2024 are not as expected, violating the stop loss level, if any, in order to Structured into leading enterprises in the industry, with good fundamentals, with good growth in business results, exceeding expectations. If you buy new, you can choose a reasonable price with industry-leading businesses, with good fundamentals, based on second quarter growth results and expectations of good growth at the end of the year.
Vietcombank Securities Company (VCBS) forecasts a high probability that VN-Index will continue to increase slightly before shaking again. Investors should take advantage of recovery sessions to restructure their portfolios, eliminating falling codes that violate the stop-loss zone and fail to maintain the support base. You should only keep stocks that have recovered according to the market in a small proportion to prevent risks more effectively. At a time when technical indicators do not completely agree on the market trend, investors should be cautious before disbursement decisions and should not use margin in transactions.
