Market hot spot
In early trading, bank stocks rose strongly, and the more the index opened higher. Subsequently, bulls showed obvious signs of weakness, the willingness to take the initiative to catch up was not strong, and the market rushed up and fell back. In the afternoon, bulls organized attacks again, and the overall market shock strengthened. As of the close, the Vietnam index rose 11.85 points to 1488.88.
Today, the market turnover decreased significantly, reaching only 22.085 trillion Vietnamese Dong (about 6.17 billion yuan), indicating that the market sentiment is still cautious.
Among the 21 sectors, only 7 sectors fell, such as steel (down 0.9%), insurance (down 0.7%), chemical fertilizer (down 0.4%), etc. on the contrary, many sectors increased by more than 1%, such as retail (up 2.5%), banking (up 1.6%), real estate (up 1.3%), construction (up 1.3%), etc.
Bank stocks continue to support the market rebound, but at present, the funds flowing into the banking sector are still low. With the covid-19 epidemic under control and the gradual recovery of Chinese demand, we very much look forward to the performance of the retail sector in 2022.
Today, the net inflow of foreign capital was 440 billion Vietnamese Dong (about 122.97 million yuan). The buying focused on CTG Vietnam Industrial And Commercial Bank Of China Limited(601398) (net purchase of 113.76 billion Vietnamese Dong ≈ 31.79 million yuan), KBC Jingbei Urban Development Co., Ltd. (net purchase of 73.53 billion Vietnamese Dong ≈ 20.55 million yuan) and KDH Kangtian Housing Co., Ltd. (net purchase of 60.08 billion Vietnamese Dong ≈ 16.79 million yuan).
Investment advice
Vietnam index continued to rebound, with two consecutive positive days. However, the trading volume has decreased significantly, indicating that the market investment sentiment is still cautious, and the market without profit-making effect is difficult to attract funds. From a technical point of view, Yuezhi has returned to the previously formed consolidation platform. At present, what the market needs most is the cooperation of trading volume. If there is no cooperation of energy indicators, the market may fall at any time.
From the technical point of view, the current market rebounds in a low volume state and approaches the previous high, which is easy to form a phased inflection point and is easy to be suppressed by the short side. Therefore, generally speaking, the current market has maintained a rebound trend in the short term, but it should not be too aggressive for investors. The plates that have been stir fried in the early stage are no longer suitable for participation. In the short term, it is still necessary to control positions, focus on short-term transactions, and grasp the rotation opportunities between hot plates in the market.
Stocks that broke through the rise today include DHA Huaan Co., Ltd. and tv2-2 power consulting and Construction Co., Ltd.
