Apply the T+ surfing strategy.

Investment analysis

East Asia Securities (DAS): The VN-Index is trending towards surpassing its short-term peak, heading towards the 1,300-point region, given the current favorable market conditions, especially the policy of maintaining low interest rates for an extended period.

Investors can hold a high proportion of stocks in their portfolio, combining short-term trading based on market trends to maximize profits. Pay attention to stocks in the securities, construction, consumer goods, banking, and industrial park sectors.

Asean Securities (Aseansc) : The VN-Index is forecast to maintain its upward momentum to test the resistance zone near 1,275 – 1,280; however, the sudden surge on March 13th may create a slight correction at the beginning of the next trading session.

Therefore, Aseansc recommends that investors avoid chasing rallies during short-term rebounds and prioritize streamlining their portfolios.

Vietcombank Securities (VCBS): From a technical perspective, the VN Index continues its convincing recovery and upward trend with an impressive increase in active buying volume.

On the daily chart, the market is still in a medium-term uptrend, with short-term expectations of a return to the 1,300-point mark. On the hourly chart, the CMF money flow indicator has returned close to zero from its lows, further reinforcing the market's trend.

Therefore, VCBS recommends that investors apply a T+ trading strategy to stocks in sectors that attract strong capital inflows and have steadily increasing liquidity. Notable sectors include securities, real estate, banking, and retail.

Stock market news brief

- US CPI is hotter than expected, making it difficult for the Fed to cut interest rates soon. The highly anticipated report released on March 12th by the Bureau of Labor Statistics of the US Department of Labor showed that the overall consumer price index (CPI) rose 0.4% in February compared to January and 3.2% year-on-year. The monthly increase was in line with forecasts, but the year-on-year increase was 0.1 percentage points higher than the 3.1% increase predicted by economists in a Dow Jones survey.
In recent weeks, Fed officials have signaled they may begin cutting interest rates at some point this year, but have also expressed caution about abandoning the fight against inflation too soon while the rate of price increases remains high.

- Expert: While both are withdrawing money through treasury bills, the current context is different from September 2023. In just the first two days of this week, the State Bank of Vietnam (SBV) has withdrawn a net total of VND 30,000 billion at the same interest rate of 1.4%/year. This move comes amidst excess liquidity as credit has reversed its downward trend in the early months of the year.

Commenting on the State Bank of Vietnam's net withdrawal of funds, economic and financial expert Nguyen Duc Hung Linh stated that injecting and withdrawing money is merely a routine operation. The main reason for this move is the high value of the USD, prompting the State Bank of Vietnam to prioritize maintaining the exchange rate .

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