Stock market commentary March 12: VN-Index may fluctuate around 1,330 points

VOV.VN - The market may continue to increase in today's session, March 12, and the VN-Index may fluctuate around 1,330 points. At the same time, the market may differentiate between stock groups, in which large-cap stocks are still the group with the most outstanding growth, while small- and medium-cap stocks show signs of weakness and risk.

► Some stocks to watch on March 12

VN-Index is heading towards the next price zone around 1,350 points.

Under strong downward pressure from the world financial market. VN-Index was under strong downward pressure from the beginning of the session, adjusting to the price range of 1,315 points, VN30 also adjusted back to the peak price of October 2024 around 1,375 points. The stock market began to recover at this price range when liquidity remained high, many groups of codes began to recover well, notably in the construction, construction materials, retail groups... At the end of the trading session on March 11, VN-Index increased by 2.26 points (+0.17%) to 1,332.54 points. VN30 increased by 2.50 points (+0.18%) to 1,393.57 points, heading towards the strong resistance zone of 1,400 points - 1,420 points.

The breadth on HOSE is positive, strongly differentiated with 162 stocks increasing in price, quite a lot in plastic, steel stocks... 152 stocks decreasing in price, mainly in technology-telecommunications, insurance stocks... and 54 stocks keeping the reference price. Market liquidity remains positive, above average with trading volume decreasing slightly -1.11% compared to the previous session on HOSE. Foreign investors still net sold in the session on March 11 with a value of -214.7 billion VND on HOSE.

At the end of the trading session on March 11, VN-Index increased by 2.26 points (+0.17%) to 1,332.54 points.

According to experts from Saigon - Hanoi Securities Company (SHS), in the short term, VN-Index maintains growth with the nearest support zone around 1,320 points, stronger support at 1,300 points. The market has had 8 consecutive weeks of increase and VN-Index is heading towards the next price zone around 1,350 points, as well as VN30 is heading towards strong resistance at 1,400 points - 1,420 points corresponding to the highest price zone in May 2022. Short-term selling pressure is increasing in the day zone after a period of consecutive price increases. However, market liquidity is still quite good, showing that demand in low price zones is maintaining well, many groups of codes are under relatively normal adjustment pressure when prices decrease and trading volume decreases.

In the short term, this is not an attractive price range to increase investment proportions for many stocks. However, the market is still quite positively differentiated. The market still has many short-term opportunities to rotate across industry groups when the VN-Index surpasses the resistance of 1,300 points.

“The market is increasingly looking for short-term investment and speculative opportunities. Positions that increase the proportion need to be carefully selected. Investors should focus on good quality stocks and control short-term risks. In case of high proportion, the portfolio is over-expanded, it is possible to consider reducing and restructuring weak stocks,” said the SHS expert.

VN-Index may still fluctuate around 1,330 points

According to the analysis team of Kien Thiet Securities Company (CSI), along with the upward reversal, liquidity remained high, and the matched volume still exceeded (+12.5%) the average of 20 sessions, showing a strong and optimistic signal for the Vietnamese stock market. The increase on March 11 also showed domestic investors' expectations for an optimistic economic outlook without being strongly affected by the decline in the world stock market. This increase reinforced the positive trend with the expectation that the VN-Index will move towards the resistance level of 1,360 - 1,365 points.

VN-Index may still fluctuate around 1,330 points (Illustration: KT)

“At the moment, investors should not open many new buying positions but continue to sell, realizing profits when VN-Index approaches the above resistance level. New buying positions should only be conducted with a small proportion and at a probing level in stocks that have just broken out from the previous accumulation level,” CSI experts noted.

Meanwhile, experts from Yuanta Vietnam Securities Company (YSVN) believe that the market may continue to increase in today's session, March 12, and the VN-Index may continue to fluctuate around 1,330 points. At the same time, the market may differentiate between stock groups, in which large-cap stocks are still the group with the highest growth rate, while small- and medium-cap stocks show signs of weakness and risks in this group remain high. In addition, the short-term sentiment indicator continues to decrease, showing that investors are still cautious about the current market developments.

“The short-term trend of the general market remains neutral. Therefore, investors can continue to hold a balanced stock ratio of 50% of the portfolio and temporarily stop buying new stocks during this period,” YSVN experts recommended.