Potential investment opportunity when you missed the wave of bank stocks

Speaking to Lao Dong, Mr. Dinh Quang Hinh - Head of Macroeconomics and Market Strategy Department, VNDIRECT Securities Company - assessed that the stock market had just experienced a trading week (from January 15 to 19) that was more positive than expected. Stock indices broke out thanks to supportive information from the National Assembly . The National Assembly's approval of two important and long-awaited bills, the Land Law (amended) and the Law on Credit Institutions (amended), was a catalyst for the market's growth.

Accordingly, the banking group continued to extend its upward momentum with the leadership of state-owned banks such as BID, CTG or VCB. Cash flow also had a more positive spread when the upward momentum appeared in other stock groups such as retail, steel, real estate. This was a brighter spot compared to the previous trading week. At the same time, foreign investors also had continuous net buying movements in recent sessions.

Mr. Hinh said: "Overall, the market's upward momentum has not shown any signs of reversing. In addition, the picture of the fourth quarter of 2023 business results is gradually revealing with bright colors that will help cash flow maintain its heat and circulate between stock groups to maintain the market's upward momentum."

The expert emphasized that investors who missed the recent banking wave can consider gradually disbursing into groups of stocks that have supportive information but have not increased strongly, including real estate stocks (benefiting from the passing of the amended Land Law) and securities stocks (positive fourth-quarter business results picture).

The analysis team from Dragon Viet Securities Company (VDSC) found that cash flow is still trying to support the market. However, with the rapid increase and uneven cash flow distribution in the last session of the week, there is a possibility of a state of dispute and fluctuations in the next trading session.

“The market will continue to be supported when it retreats and there is still a chance to expand the uptrend in the coming time. The next resistance zone to note is the area around 1,200 points. Currently, it is possible to consider choosing stocks that are showing good signals from the support zone to buy and accumulate with the expectation of short-term price increases” - VDSC analyzed.

According to KB Securities Vietnam (KBSV), it is likely that the VN-Index can continue to maintain its upward momentum to the expected target zone set around 1,185 (+-10). Investors can flexibly buy/sell in both directions with low proportions at the support/resistance zones, specifically around 1,145 (+-5) and around 1,185 (+-5).

Source