Investment Comments
East Asia Securities (DAS) : Financial stocks are playing a decisive role in the market's direction, while stocks with favorable business situations such as aviation, rubber, technology, retail... are still maintaining their growth momentum, and stock prices are less affected by the market's correction.
Investors can invest in exploration while waiting for the signal to confirm the end of the correction. Pay attention to stocks that have accumulated in the past and still have room to increase in price to the peak of 2024 to trade T+.
Yuanta Vietnam Securities (YSVN) : The market may continue to increase in the next session. At the same time, the market is still in a short-term accumulation phase, so it may continue to move sideways around the current level in the coming trading sessions. The positive point is that the cash flow is returning to the VN30 group of stocks, but this trend is not clear and needs to wait for further confirmation in the next few sessions.
In addition, growth stocks continued their upward trend and were not ready to return to large-cap stocks as foreign selling pressure remained high.
Beta Securities : From a technical perspective, although the main short-term trend of VN-Index is still up, the trend strength continues to show weakness as technical indicators such as SAR, MACD and the pair (DI+, DI-) maintain negative signals. Currently, the 1,250 - 1,260 point area will act as short-term support for the market.
In the current period, investors need to be cautious and consider carefully before making trading decisions. Investors should manage risks carefully and maintain a reasonable cash ratio to help investors easily seize opportunities when the market has a correction.
Beta believes that cash flow will continue to be strongly differentiated, focusing on stocks with solid fundamentals and less affected by short-term fluctuations.
Stock news
- Gasoline prices increased for the second consecutive time. In the management session on June 20, the joint ministries did not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and fuel oil.
Accordingly, gasoline is 198 VND/liter compared to the current base price), 958 VND/liter lower than RON95-III gasoline. RON95-III gasoline is not higher than 22,466 VND/liter (an increase of 231 VND/liter compared to the current base price). Diesel oil 0.05S is not higher than 20,360 VND/liter (an increase of 720 VND/liter compared to the current base price).
- Vietnam's GDP has recovered quite well. Dr. Nguyen Thi Vu Ha - VNU said that in the first half of 2024, Vietnam's GDP growth has recovered quite well, with the first 6 months estimated at 5.8%. However, the rate is still slow and about 1% lower than the potential growth rate before the Covid-19 pandemic.
In the money market, interest rates will decrease in 2023 and increase again in the first 6 months of 2024 in both the interbank market and the mobilization and lending of credit institutions. Weak credit growth in most of 2023 (except December) and very low in the first half of 2024 shows the weak capital absorption capacity of the economy .
Source: https://www.nguoiduatin.vn/lang-kinh-chung-khoan-216-dong-tien-se-tiep-tuc-phan-hoa-a669301.html
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