Overview of the market
According to Lao Dong, at the end of yesterday's session (February 26), the VN-Index maintained a balanced state, almost moving sideways around the threshold of 1,303 points. The market width narrowed with 198 stocks increasing and 259 stocks decreasing.
The VN30 group ended the session at the reference point, while VNMidcap and VNSmallcap increased slightly by 0.1% and 0.11%, respectively.
The cautious developments of the Banking group (STB -1.8%; CTG -1.2%; MBB -0.9%) were compensated by the improvement of the IT group (FPT +2%), Chemicals (GVR +1.6%; DDV +3.5%), Steel - Refinery (HPG +0.9%; NKG +1.8%), Securities (FTS +4%; HCM +1.3%) and Plastics (BMP +2.3%; NTP +2.1%).
Profit-taking pressure increased at high prices, affecting stocks such as VCG, SIP, BFC, VTO, HAG.
Market liquidity reached VND 15.5 trillion, down 14% compared to the previous session, but cautious transactions tended to increase.
Foreign investors continue to net sell nearly VND300 billion, focusing on STB (VND199 billion) and CTG (VND-147 billion). In contrast, MWG (+257 billion VND) and VNM (+100 billion VND) strongly attract foreign capital.
Investment recommendations today
Selecting potential stocks from deep discount prices
According to Vietcombank Securities (VCBS), the market is in the process of testing momentum, with cash flow continuing to differentiate, reflecting the stability of the VN-Index without showing any worrying signs.
Therefore, VCBS recommends that investors take advantage of the adjustments in the session to increase their proportion, especially when stocks go to the nearest support zone and proactive buying liquidity increases here.
In addition, it is possible to consider new stocks that have increased from deep discount prices or stocks with better growth potential than VN-Index and stocks in the same industry. The industries worth paying attention to include real estate, oil and gas, and retail.
Profit-taking strategy when VN-Index approaches the 1,307-1,327 point zone
According to the Vietnam Securities Commission (CSI), the VN-Index decreased for the second consecutive session, but the decrease was not too large and liquidity showed no signs of improving compared to previous sessions. Therefore, the previously established upward trend has not yet been significantly affected.
CSI maintains that the VN-Index is still in an uptrend, with the target being the resistance zone of 1,307-1,327 points. However, the possibility that the market may adjust to the support zone of 1,290 points before continuing to move up is still being considered.
The current main strategy is to take profits and reduce the proportion of stocks when the VN-Index approaches the resistance zone. Investors who have sold in previous sessions can wait for the correction rate to 1,290 points to restructure their portfolios.
Notable stocks today
MWG - BIDV Joint Stock Company (BSC) strongly recommends buying, target price 78,500 VND/CP, profit forecast to increase by 34% thanks to Bach Hoa Xanh expansion.
BAF - Vietcombank Joint Stock Company (VCBS) recommends buying, target price 36,863 VND/CP, benefiting from shifting livestock market share and increased pig prices.
MSN - Vietcombank Joint Stock Company (VCBS) recommends buying, target price 91,603 VND/CP, growth thanks to expanded MCH, WCM optimizing distribution, MML and MHT benefiting from pork, copper, and vonfram prices.
TCB - Vietcap Joint Stock Company (VCI) recommends buying, target price 32,500 VND/CP, profit 2025-2029 increased by 5.1%.
The information in the article is for reference only and is not considered a decision to buy, sell or hold any shares.
Investors need to consider carefully and please consult an expert before trading.
Refer to more stock news HERE.
