Market hot spot
Last night, the US stock market fell sharply, the biggest decline in nearly two years. The Central Inspection Commission of the Communist Party of Vietnam gave different disciplinary sanctions from warning to expulsion from the party to leaders of the Vietnam Securities Commission and Ho Chi Minh City exchange, and multiple bad information such as investors' concern that the market will fluctuate sharply on the maturity date of derivatives seriously affected investors' sentiment.
The Vietnam index fell 30 points and close to the 1210 point mark at the opening, and the selling pressure spread to the overall market. It is worth noting that today is the maturity date of derivatives of vn30f2205 futures contract. I thought investors would fluctuate widely, but contrary to the expectations of most investors, after the market narrowed the decline, it fluctuated below yesterday's closing price for most of the time, and finally closed up reluctantly.
Liquidity has continued to be a problem in recent trading days, and today is no exception, even reaching the lowest level in recent five trading days. Despite the continuous decline in trading volume, it has performed well in terms of share price. When there were multiple negative information in the market, the Vietnam index rebounded slightly upward in the late trading. As of the close, the Vietnam index rose 0.88 points (or 0.07%) to 1241 points, with a turnover of 127949 trillion Vietnamese Dong.
Although the tail market rebounded slightly, 12 of the 21 sectors fell. However, the decline was not too large. The largest decline was in telecommunications technology, down 1.4%, followed by pharmaceuticals (down 1.2%). On the contrary, oil and gas (1.2%) rose, while oil and gas (2.2%) rose. The bad news from the market also made investors "tremble". Foreign capital turned to net sales today. The total net sales in Ho Chi Minh market were 125.2 billion Vietnamese Dong (about 38.7 million yuan), mainly concentrated in HPG Hefa group (net sales were 135 billion Vietnamese Dong ≈ 39.4 million yuan); Ssi-ssi Securities Co., Ltd. (net sales of 81 billion vnd ≈ 23.6 million yuan); Vic-vingroup Co., Ltd. (net sales of 46.9 billion vnd ≈ 13.4 million yuan); CTG - Industrial and Commercial Bank of Vietnam (net sales of vnd 34 billion ≈ 9.9 million yuan), etc. The buying was concentrated in MSN Mashan Group (net purchase of 67 billion Vietnamese Dong ≈ 19.5 million yuan); DCM - jin'ou petroleum fertilizer Co., Ltd. (net purchase of 46.9 billion vnd ≈ 13.7 million yuan).
Investment advice
The continuous attack of bad market conditions, coupled with investors' concerns about the maturity of derivatives, led to the fluctuation of Vietnam index under yesterday's closing price for most of the time, while there was an upward reversal in the end market. This is a positive message, indicating that the market is still playing a strong anti falling characteristic under the influence of bad information.
"Those who can't kill you will eventually make you stronger". Nietzsche's sentence just reflects the trend of Vietnam index today. Although the market has not yet confirmed the recovery trend, we are still optimistic about the future market in the past three trading days. The Vietnam index will continue to rebound and move towards the resistance level of 1300 points.
We still maintain the view of choosing the opportunity to add positions in the short term, and give priority to adding positions to the stocks that have made profits. Some stocks that rose strongly today include: VCG - Vietnam construction and import and Export Corporation; BSI - Vietnam investment and Development Bank Securities Co., Ltd.
