The cross index continued to fluctuate sideways, and the splint Market tested the market mentality
Market hot spot
The Vietnam index has made horizontal consolidation for the sixth consecutive trading day, and the market direction is not clear. The short-term downward space is limited, and the pressure of holding up a large amount of chips accumulated at the top is also obvious. The market continued to fluctuate in a narrow range throughout the day. As of the close, the Vietnam index rose 1.41 points to 1478.74. Large cap stocks suffered strong selling pressure, hindering the upward movement of the index. On the contrary, funds turned to medium cap stocks, with vnmid and vnsml indexes rising 1.08% and 0.62% respectively.
Today, the rise and fall of the plate are relatively balanced. As urea prices in the world and Vietnam are still rising, the chemical fertilizer sector rose strongly by 4.4%. The power sector, especially thermal power stocks, also rose strongly (up 2.6%). We are highly optimistic about the prospect of thermal power stocks in 2022 because (1) the hydrological situation will no longer be conducive to hydropower enterprises, which will help to improve the selling price and power generation of thermal power enterprises; (2) When the economy is fully open, power demand will pick up. On the contrary, the banking sector (down 0.6%) and the steel sector (down 1%) continued to fall.
In Ho Chi Minh market, foreign capital turned to net inflow, with a total net purchase of more than 50 billion Vietnamese Dong (about 13.89 million yuan). We believe that foreign capital began to return after the reorganization of ETF funds in recent two trading days. Vingroup concept stocks are still favored by foreign capital. Today, foreign capital bought 264 billion Vietnamese Dong (about 73.33 million yuan) in vhmvinhomes group.
Investment advice
Recently, although the market has maintained a stable operation pattern, the sluggish trading volume has begun to become a shadow in the hearts of investors. The current position of the market is embarrassing. Due to the lack of support of trading volume, it is difficult to think about it, but it is also difficult to fall, so we can only toss about like this.
The shrinking of trading volume largely indicates that the subsequent incremental capital intervention in the market is not active. At present, the activity of some individual stocks in the market mainly depends on stock funds, which can also be verified from the activity of individual stocks and their trend. From the performance of the market sector, real estate stocks still maintain their strong characteristics. In addition, fertilizers and building materials also have a certain performance. Due to the great uncertainty of the global economic situation, Vietnam shares as a whole are still in a period of rest. Strategically, we should not be too aggressive. We should be patient, and big opportunities still need to wait.
Stocks that broke through the rise today include AAA Anfa plastics and green environment Co., Ltd., BMI Baoming Co., Ltd., DPM oil, gas, fertilizer and Chemical Co., Ltd. and Eve everpia Co., Ltd.
