Market hot spot
Vietnam index made a deep correction last Friday and the market continued to fall sharply today. After killing nearly 40 points, the Vietnam index fell nearly 70 points in two trading days.
The market panic made the bottom reading funds ready to move, and the more the index gained support at the 1400 point integer level and began to rebound. As of the close, the Vietnam index fell sharply by 29.74 points to 1413.58 points.
In early trading, the good news about the Vietnamese government's proposal to Congress for an economic stimulus plan worth more than 843 trillion Vietnamese Dong (about 232.55 billion yuan) helped the Vietnam index to explore slightly. However, the good news was not enough to support the market to rebound immediately after the sharp decline. The Vietnam index callback triggered some radical technical selling, and the short-term decline was difficult to stop.
According to the latest data, the number of new securities accounts opened in November hit a record high, reaching 221000 accounts, 80000 accounts higher than the previous highest level (June). Here, we expect a new round of incremental funds brought by new investors to boost market confidence.
The market fell across the board, and many sectors fell sharply, such as securities (down 5.5%), iron and steel (down 5.6%), aquatic products (down 5.4%), chemical fertilizer (down 5.3%), etc. individual stocks hit the limit again.
Foreign capital turned to net inflow. The total net purchase in Ho Chi Minh market exceeded 308 billion Vietnamese Dong (about 84.97 million yuan), officially ending the net outflow for eight consecutive trading days.
Buying is concentrated in VHM vinhomes group, ssi-ssi Securities Co., Ltd. and vnd vnderect Securities Co., Ltd.
Investment advice
The more refers to the afternoon diving out of the panic market, the profit margins fled one after another, while the short positions began to plan to copy the bottom. The Vietnam index began to rebound after falling to 1400 points, indicating that the bottom reading funds are ready to move. Can Yuezhi stand firm at 1400 points? From the last two trading days, we can see that short positions are strong and long positions are hiding from the edge. According to past experience, once the market falls sharply, the falling momentum will be amplified, and there will be a rebound after the sharp fall of the market in the short term. At the same time, a large number of new funds are also waiting for market opportunities outside the market. Operation suggestions: radical can rebound from small positions, fast in and fast out; Prudent people wait patiently for the market to stabilize effectively before choosing.
At present, 1400 points are psychological support, while 1375-1380 points are technical support. Pay close attention to the support below.
