Market hot spot
Today, the amplitude of the market has increased significantly, especially the sudden decline of many times in the session, which has exposed the original appearance of many stocks whose willingness to be long is not firm. Near the end of the trading, the main funds sneaked into bank stocks and pulled up in a straight line. As of the close, the Vietnam index rose 6.75 points to 1485.19 points.
After a short period of turbulence, the panic caused by the new virus in South Africa subsided temporarily, and today the global financial markets began to rebound. However, the unknown and crisis in the global financial market have not been resolved, and there are uncertainties about the complex evolution of covid-19 epidemic, inflation concerns and tightening monetary policy,.
Of the 21 sectors, 12 closed lower. Among them, Securities companies (down 1.3%), insurance (down 1.3%) and medicine (down 1.8%) collectively weakened. In the early stage, securities companies' stocks rose sharply, some stock indicators have entered overbought areas, and there is a demand for shock and rest in the short term. It is worth noting that after China's export restrictions, the price of chemical fertilizer in Vietnam has soared, making chemical fertilizer (up 2.9%) the sector rose sharply. Although the oil price decreased, the oil and gas sector (up 1.8%) performed well. The banking sector (up 1.1%) rose in the late trading, and there may be short-term opportunities tomorrow.
In Ho Chi Minh market, foreign investors sold more than 1074 trillion Vietnamese Dong (about 301.26 million yuan). According to statistics, in November, Chinese ETF funds continued to buy net (537 billion Vietnamese Dong ≈ 150.63 million yuan), while foreign ETF funds continued to sell net. The selling was concentrated in Taiwan Fubon FTSE Vietnam ETF (440 billion Vietnamese Dong ≈ 123.42 million yuan).
Investment advice
Today, Vietnam index fluctuated repeatedly around yesterday's closing price. From the perspective of volume energy form and K-line combination, the market fell into a more obvious adjustment trend.
It is reasonable for the market to absorb floating chips. If the market can rationally shock and clean floating chips, it is possible to attack again after fully gaining momentum near the 10 day moving average in the short term, which is also conducive to the deepening and promotion of various potential rebound hot spot speculation.
