Vietnam index weakened in shock, and the steel plate rebounded against the market
Market hot spot
Affected by the decline of European and American stock markets last night, Asian stock markets weakened as a whole today, and Vietnamese investors’ investment sentiment turned cautious again. The rebound of Vietnam index was blocked, the market shock fell, and the market showed a decline as a whole. As of the close, the Vietnam index fell slightly by 0.19 points to 1476.02.
A total of 11 of the 21 sectors fell. After the strong rise of the real estate sector yesterday, there is differentiation today. Among them, NBB 577 Co., Ltd., qcg Guoqiang Jialai Co., Ltd. and PDR developed real estate development Co., Ltd. and DPG Dafang Co., Ltd. all fell sharply.
It is worth noting that the steel sector (up 4.2%) rebounded strongly. After continuous decline, the technical indicators entered the oversold area, so there was a technical rebound today. Insurance (up 2.2%), chemical fertilizer (up 2.4%) and medicine (up 2.5%) all strengthened against the market.
In Ho Chi Minh market, the total net sales of foreign capital reached 880 billion Vietnamese Dong (about 243.34 million yuan), mainly concentrated in HPG Hefa group (net sales of 532.87 billion Vietnamese Dong ≈ 147.28 million yuan). In recent two trading days, foreign capital began to shift from HSX to hnx and Upcom markets.
Investment advice
The more refers to the formation of a cross star form. Both long and short sides are hesitant. They neither dare to actively go long nor vent wantonly. Next, the market will face a choice of direction. Considering that the market liquidity continued to be tight last week, the rebound road of Yuezhi has become difficult. Under many obstacles, the overall rebound space of the market is relatively limited.
At the end of the year, the risk appetite of funds inside and outside the market shrank significantly, and the profit-making effect changed from diffusion to tightening. In the absence of panic, the core of market speculation only focuses on public investment, real estate and construction. Overall, the market correction trend has not been reversed, and the adjustment and correction of valuation have not ended. In terms of operation, as the end of the year is approaching, it is appropriate to be cautious. It is recommended that investors reduce their positions at high prices and patiently wait for deterministic opportunities.
Stocks that broke through the rise today include HVT Vietnam Chemical Co., Ltd. and Las lincao chemical and phosphate products Co., Ltd.
