After the first 2 sessions of the week, a total of 26 points, the stock market continued to open this morning 14.5 with green. The VN-Index returns to the momentum in a vertical manner, easily overcome the 1,300 points with the support of bank and real estate stocks, especially Vingroup. VPL rookie continued to increase the second consecutive session, along with VIC increased by more than 3%.
At the end of the morning session, VN-Index stopped at 1,303.83 points, up 0.8%. The market width recorded 338 stocks increasing and 308 stocks decreasing. The trading volume reached VND 12,378 billion.
Foreign investors are still sending a positive signal when they strongly net bought nearly 1,100 billion on all 3 exchanges in the morning session alone. The stocks that are being net bought the most are FPT (275 billion), followed by VPB, HPG and MWG, all of whom are net bought over 130 billion VND. Meanwhile, VNM is leading the net selling list with a value of about VND69 billion.
pillar stocks are still playing the main role in this increase. Green is still the top spot in most industry groups, but half of the groups fluctuated quite lowly with differentiation. Information technology and non-essential consumer goods are continuing to make strong strides with the main contribution from FPT (+3.6%), CMG (+4.23%); GEX (+3.2%)...
Despite the more modest increase, the financial group still plays an important role in keeping the market momentum thanks to its large capitalization position, especially the breakthrough of "king stocks" such as VCB (+2.99%), BID (+1.96%), VPB (+2.82%)... However, most securities and insurance stocks are adjusting slightly.
The real estate group is similar, while most of the industry's stocks are dominated by red, the attraction from VIC (+1.63%), NVL (+0.83%), SSH (+0.69%)..., helps this industry index maintain a fairly fragile green color.
Although some securities companies have made cautious recommendations, paying attention to strong fluctuations and limiting buying, with an excited mentality, it seems that investors are not paying much attention, but are only afraid of falling into the new uptrend of the market, when information about trade negotiations between the US and major partners is quite positive.
Along with that, the possibility of the US Federal Reserve (Fed) cutting interest rates in the upcoming period is quite large when inflation cools down.
According to Mr. Tran Hoang Son - Market Strategy Director of VPBank Securities Company (VPBankS) in the Vietnam program and recent indicators, the market status in the recent period can be divided into two groups. First, the group has regained important mid-range routes, such as the chemical, logistics group or the banking group that has almost returned to the "uptrend" state.
At this stage, investors looking for new buying points can find stocks with good price foundations, which have really created a bottom in the recent period and are still quite far from the area that has begun to adjust, such as industrial park real estate, with a discount buying strategy and catch the slow wave.
Second, investors can also pay attention to stocks that have fallen sharply and created a bottom, rebounding as if it were technology. This is the period when stocks are recovering as the US and major trading partners return to the negotiation table.
In the short term, Mr. Son is leaning towards the scenario where the banking group will lead the airwaves. During the recent holiday, bank stocks stagnated, but recently regained their upward momentum.
