Market hot spot
In early trading, the Vietnam index opened higher, close to the integer mark of 1500 points. Then there was short-term profit to adjust the selling pressure, and the Vietnam index fell nearly 5 points. In the afternoon, the market regained its momentum and tried to hit 1500 points again, but it still ended in failure. As of the close, the Vietnam index rose 5.51 points to 1494.39.
The turnover of Ho Chi Minh market has rebounded significantly, reaching 29.001 trillion Vietnamese Dong (about 8.09 billion yuan). However, if you want to break through the 1500 point integer mark, the current trading volume is still not enough, and the market needs to continue to be moderate and heavy.
12 of the 21 sectors rose. Banking stocks (up 1.4%) continued to support the market rebound, but the funds flowing into the banking sector remained low, which showed that investors were still cautious about the industry because the banking industry’s operating results were not optimistic in the fourth quarter. The construction sector (up 2%) and the real estate sector (up 1.1%) continued to perform strongly, especially the construction sector, which is expected to achieve good growth in the fourth quarter of this year. On the contrary, chemical fertilizer (down 1.6%) and securities (down 1.2%) weakened collectively. The recent sharp decline in natural gas led to the peak of the world chemical fertilizer price, which was negative for the relevant chemical fertilizer stocks.
For the third consecutive day, foreign capital has bought 361.75 billion Vietnamese Dong (about 1008.9 million yuan). Foreign capital transactions have been very active in the past week. According to statistics, since the beginning of the year, foreign capital has made a significant net outflow in emerging markets and frontier markets, but there have been signs of return since the end of the year.
Investment advice
Vietnam index rebounded for three consecutive days, market sentiment rebounded, and trading volume increased slightly.
Benefiting from the government’s enhanced public investment, the building materials and construction sector continued to strengthen. Among them, it is worth noting that ACC Pingyang Construction Investment Co., Ltd., c32-cic39 Co., Ltd., ctidico qiangshun Development Investment Co., Ltd., KSB Pingyang minerals and Construction Co., Ltd., VLB Bianhe construction and building materials production Co., Ltd., CTD cotecons Construction Co., Ltd., HBC Heping Construction Group Co., Ltd., etc.
From a technical point of view, the market rebound can be mild and orderly, and the expectation of an upward attack of 1500 points in the market stimulates the capital entry game. At this stage, the holder can continue to hold, while the short holder is not recommended to catch up in the short term. It is better to continue to wait and see, and pay close attention to the volume energy change of the market near 1500.
Stocks that rose strongly today include ACC Pingyang Construction Investment Co., Ltd., c32-cic39 Co., Ltd., KSB Pingyang mining and Construction Co., Ltd., STB Saigon Shangxin Co., Ltd. commercial bank, etc.
