The 4/10 session took place with the market’s tug-of-war. The correction of banking and securities stocks made it impossible for VN-Index to surpass the 1,340 point mark, although it was far above this mark at times. The positive point is that the liquidity has improved with the matching value on HoSE reaching nearly 21,300 billion dong, up 17% compared to the previous session, showing that the cash flow is still standing in the market.
However, foreign investors’ trading is a minus point as they continue to net sell 360 billion dong in the whole market. The recent consecutive net selling by foreign investors made investors’ sentiment more or less cautious.
In the market report, most securities companies said that that the struggling trend of VN-Index has not ended soon. However, there are still sectors that can be differentiated, such as oil and gas, steel, seafood, public investment…
VN-Index may shake strongly in the region 1,350 points
Company Vietcombank Securities (VCBS) believes that profit-taking pressure at 1,350 is relatively strong, and VN-Index will not be able to show a solid recovering trend in the coming sessions.
Therefore, in this period, VCBS recommends that investors should only disburse a small part to accumulate stocks that they intend to hold for a long time, and at the same time limit the use of leverage to minimize risks if the market There are possible shakes in the market when the VN-Index enters the range of 1,340-1,350 points.
Yuanta Securities assesses that the VN-Index may continue to struggle with a narrow range in the next session. At the same time, the market is still in the accumulation phase and the positive point is that the cash flow shows signs of increasing, especially the VNSmallcaps index is close to confirming the short-term uptrend, showing that the risk on the index tends to increase. decrease. In addition, the short-term sentiment indicator continues to increase, showing that the risks are decreasing and the short-term opportunities are also increasing gradually, but the short-term risks are still at a high level.
Yuanta, the overall market’s short-term trend remains DOWN. Therefore, Yuanta recommends that short-term investors can continue to hold the proportion of stocks at 40-45% of the portfolio and may consider buying new with a low weight.
Meanwhile, BIDV Securities (BSC)
said that with the domestic cash flow returning to the market in the 4th session, /10, VN-Index may recover to the threshold of 1,350 points in the next trading sessions.
Opportunities still appear in many groups stocks
Agrieco Securities In the current assessment, there are 2 prominent investment topics to pay attention to: (1) the sharp increase in fuel prices (oil, gas, coal) due to increased international energy consumption and (2) export activities. signs of improvement when the trade balance turned to trade deficit in September, along with that, sea freight rates are starting to cool down.
Agriseco believes that investors may consider buying the leading stocks in the above 2 investment topics such as steel, oil and gas, seafood export due to This is a group with a positive Q4 earnings outlook.
Similarly, MBS Securities recommends that investors can increase the proportion of stocks when the third quarter business results are about to be announced. attract cash flow.
Same opinion, Viet Rong Securities (VDSC) thinks that a series of sideways days is still continuing in the market. However, there are still many stocks with spectacular breakthroughs and the cash flow is still looking for investment opportunities. VDSC gives a neutral assessment to the main indicators. At the same time, it is still recommended that investors look for investment opportunities when the market is diverging in cash flow.
Bao Son
By Business and Marketing
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