Investment analysis
East Asia Securities (DAS): Foreign investors sold net nearly 2 trillion VND in a volatile trading session, with the VN-Index hesitating at its short-term peak and awaiting a strong move by capital inflows to determine a clearer direction.
Liquidity remains high but is not concentrated in any particular group of stocks; to break out of the psychological VN-Index 1,280 level, a leading group of stocks needs to emerge.
Investors can hold their portfolios and wait for a clearer market trend, focusing on real estate, construction, industrial park, and public investment stocks.
Asean Securities (Aseansc): Market sentiment gradually stabilized after three sessions, with liquidity in the afternoon session slightly increasing compared to yesterday.
However, Aseansc acknowledges the potential risks arising from the VN-Index's current upward trend without sufficient consolidation. Therefore, Aseansc recommends that investors halt buying and consider setting profit-taking levels if their positions achieve a return of over 10-15%.
Vietcombank Securities (VCBS) : Short-term investors may consider taking partial profits on stocks showing signs of weakness and those that have experienced good gains recently. Maintain holdings only in stocks that have seen significant discounts after corrections and are showing signs of attracting capital in sectors such as retail and construction.
The VN-Index is still in a medium-term uptrend, but the possibility of short-term fluctuations and corrections of 10-20 points should still be considered.
Stock market news brief
- Foreign direct investment (FDI) into Vietnam reached US$6.17 billion, with Singaporean investors leading the way. According to a report by the Foreign Investment Agency ( Ministry of Planning and Investment ), as of March 20, 2024, the total registered capital for new projects, adjustments, and capital contributions through share purchases and equity investments by foreign investors reached over US$6.17 billion, an increase of 13.4% compared to the same period in 2023.
In terms of investment partners, 62 countries and territories invested in Vietnam during the first three months of 2024. Singapore led with a total investment of over US$2.55 billion, accounting for 41.3% of total investment, a 51.3% increase compared to the same period in 2023. Hong Kong (China) ranked second with over US$1.05 billion, accounting for 17.1% of total investment, nearly 2.3 times higher than the same period.
US stocks fell for a third consecutive session. The US stock market declined on Tuesday (March 26), marking its third consecutive day of losses, as investors awaited a key inflation report expected this week .
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