Market hot spot
On Friday, the Vietnam index opened high and closed low, with a narrow range. Short term profit taking, strong hot spots to differentiation. In addition, market leading stocks such as “VIN” concept stocks and bank stocks were adjusted, making the Vietnam index fluctuate around yesterday’s closing price.
As of Friday, the Vietnam index rose 30.2 points (or 2.02%) to 1528.48. The average daily turnover of Ho Chi Minh market reached 32.173 trillion Vietnamese Dong (about 9.04 billion yuan), almost the same as last week. The Hanoi index rose 19.85 points (or 4.19%) to 493.84.
The market showed a general upward trend, with 13 of the 21 sectors rising. Among them, there were collective riots in construction (up 8.5%), industrial areas (up 8.2%) and real estate (up 8%). The construction and real estate sector has been a demon for a long time since the beginning of the fourth quarter. However, we believe that many stocks have entered the overbought zone, so investors need to be cautious at this time. On the contrary, the industrial zone sector has just restarted its upward trend. We believe that the rising potential of this sector is still great because it benefits from the policy of economic recovery. Due to the optimistic import and export situation, aquatic products (up 7.9%) also became one of the sectors with strong rise this week.
In the first week of the new year, foreign capital turned to net outflow. However, the total net sales were small, and the total net purchases in Ho Chi Minh market were only 575 billion Vietnamese Dong (about 161.52 million yuan). The stocks with the largest net purchases by foreign investors this week include VHM vinheimes group (net purchase of 597 billion Vietnamese Dong ≈ 167.7 billion yuan), KBC Jingbei Urban Development Co., Ltd. (net purchase of 182 billion Vietnamese Dong ≈ 51.1 billion yuan) and gas Vietnam Natural Gas Co., Ltd. (net purchase of 135 billion Vietnamese Dong ≈ 37.9 billion yuan).
Investment advice
On Friday, the Vietnam index continued to consolidate, the volume remained high, the enthusiasm for capital participation was high, and the activity of individual stocks was generally high. Vingroup’s stock correction today, coupled with the collective weakness of large cap stocks, especially the banking sector, led to a slight decline in the Vietnam index. On the contrary, many strong stocks continued to rise in the real estate and industrial real estate, construction and construction raw materials sectors. In addition, many stocks in the oil and gas sector also performed well.
There is consolidation demand after the rise of Vietnam index is established, and the market is expected to continue the rise after it is stable. The rational arrangement of the market is conducive to the in-depth development of the market. Vietnam construction securities recommends that investors continue to lock in the bottom position and adopt the operation strategy of “rushing high without chasing up, stepping back on the opportunity to attract funds”. Stocks with strong gains today include c32-cic39 Co., Ltd., LCG licogi16 Co., Ltd., l18-18 investment and Construction Co., Ltd. and VGT Vietnam Textile Group.
