Investment Comments
Asean Securities (Aseansc): VN-Index continued to be under pressure to correct, breaking through the MA20 line, however, the selling pressure was not as intense as last Friday's session, reflecting that the psychology of stock holders has somewhat stabilized.
The trend of differentiation continues to exist when the cash flow from the previous leading stocks such as technology and retail gradually shifts to stocks that have not increased much such as steel and seafood. This is a positive shift showing that the cash flow still chooses to stay instead of leaving the market. Therefore, Aseansc maintains the view that this correction is an opportunity for investors to accumulate stocks at the support zone of 1,260 - 1,270 points.
KB Securities Vietnam (KBSV) : The index continued to reverse and decline and broke through the 20-day MA level after an early recovery reaction, showing that the low-price selling pressure is still relatively overwhelming. Although the VN-Index is likely to recover at the nearby support zone around 1,270 points, the risk that the index may reverse soon afterwards is somewhat more dominant.
Investors are advised to avoid chasing purchases in early recovery sessions, prioritize selling to take profits from opened trading positions, and reduce portfolio weight to a safe level when the index approaches resistance zones.
Saigon - Hanoi Securities (SHS): Short-term investors with high debt ratios or over-expanded portfolios should continue to consider selling, reducing the proportion of stocks that have met expectations, or restructuring the portfolio by selling weak stocks to reserve resources for more potential stocks with good growth expectations at the end of the year.
Medium- and long-term investors holding current portfolios and considering increasing new positions should evaluate more carefully based on the second quarter business results and year-end prospects of leading enterprises.
Stock news
- A series of banks have increased their deposit interest rates. Since the beginning of June, 20 banks have increased their deposit interest rates, including: VietinBank, TPBank, VIB, GPBank, BaoViet Bank, LPBank, Nam A Bank, OceanBank, ABBank, Bac A Bank , MSB, MB, Eximbank, OCB, BVBank, NCB, VietBank, VietA Bank, VPBank and PGBank.
On the other hand, Eximbank, despite increasing its deposit interest rates twice for terms of 1-12 months and 1-3 months, reduced them by 0.1% per year for terms of 15-36 months. TPBank, after increasing its interest rates at the beginning of the month, also adjusted them down, bringing them back to the old level.
- Rubber prices continued to decline . At the Tokyo Commodity Exchange (TOCOM), the price of rubber futures for July 2024 delivery decreased by 0.79% to 338.8 yen/kg at the time of survey at 6:00 a.m. on June 17 (Vietnam time). On the Shanghai Futures Exchange (SHFE), the price of RSS3 rubber for July 2024 delivery decreased by 1.71% to 14,930 yuan/ton.
It is estimated that Vietnam's rubber exports in May 2024 will reach about 80 thousand tons, worth 129 million USD, up 8.7% in volume and 10% in value compared to April 2024, but down 31.7% in volume and 18.3% in value compared to May 2023, according to information from the Ministry of Industry and Trade .
Source: https://www.nguoiduatin.vn/lang-kinh-chung-khoan-186-tranh-mua-duoi-a668807.html
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