Market hot spot
In the context of the gradual decline of global macro uncertainty, the Vietnam index jumped slightly higher on the first trading day of this week and continued to expand its gains in the session. Today, the Vietnam index rose for the fifth consecutive trading session. At noon, a large number of funds entered the market one after another, and all sectors rose collectively, especially the real estate sector, which helped the Vietnam index rise rapidly. At the close of March 21, the Vietnam index rose sharply by 25.85 points to 149495 points.
The market strengthened collectively, with only four sectors falling, including aviation (down 0.6%), textile (down 0.3%), chemical fertilizer (down 0.7%) and electric power (down 0.1%). On the contrary, insurance (up 3.6%), retail (up 1.7%) and real estate (up 2.3%) became the main force of the market. The “performance” of the insurance sector in the early trading was eye-catching, and the real estate sector in the afternoon was crazy to attract a large amount of capital flow, so as to increase the transaction energy. For the insurance sector, under the background that interest rates are expected to rise in the future, insurance is an industry that is expected to benefit from it. Market liquidity improved today, indicating that investor sentiment is rising gradually. Specifically, the turnover of Ho Chi Minh market reached 24.161 trillion Vietnamese Dong (about 6.73 billion yuan), an increase of 7% from the average level last week. After the position adjustment in the first quarter, foreign capital turned to net inflow. Specifically, the total net purchases in Ho Chi Minh market today were 1.100 trillion Vietnamese Dong (about 305.72 million yuan). In terms of net purchase, foreign capital concentrated on buying STB Saigon Shangxin Co., Ltd. commercial bank, with a net purchase of 116 billion Vietnamese Dong (about 32.24 million yuan). In addition, the net purchase of gex-gelex Group Co., Ltd. reached 113 billion Vietnamese Dong (about 31.41 million yuan); The net purchase of gas Vietnam Natural Gas Corporation reached 61 billion Vietnamese Dong (about 16.95 million yuan); The net purchase amount of vre-vincom retail Co., Ltd. reached 57 billion Vietnamese Dong (about 15.8 million yuan); Vnm – Vietnam milk Co., Ltd. has a net purchase of vnd 53 billion (about 14.7 million yuan).
Investment advice
The Vietnam index performed very well in the first trading day of this week. In the early trading, it opened slightly upward, attracting a large amount of funds, helping the Vietnam index break through 1490 points and close at the highest price of the day.
Many sectors are favored by funds, among which insurance, real estate and retail sectors perform best. Today, the volume and price of Vietnam index rose simultaneously, but the trading volume did not break through strongly. Today’s sharp rebound may be the first positive signal of a resurgence of the upward trend.
Today, the Vietnam index rose for five consecutive trading days, pushing the Vietnam index up to the psychological price of 1500 points. After rebounding for several consecutive trading days, there may be a correction in the market. However, we believe that the opportunities are outweighing the risks at this stage, so investors can take advantage of market adjustment to increase their positions.
Stocks that rose strongly today include: MiG – Vietnam military insurance corporation; NLG – Nanlong Investment Co., Ltd; PLC petrolimex Petrochemical Co., Ltd; PHC Fuxing holdings Construction Co., Ltd.
