According to VietinBank Securities Joint Stock Company (HoSE: CTS), in the short term, the VN-Index has seen a recovery from the 1,212 point level; however, technical indicators suggest that downward pressure may continue.
The medium- and long-term uptrend has been confirmed, so market corrections will be good opportunities to buy new shares or increase existing holdings.
Investors are advised to maintain a stock/cash ratio of 70/30; if profit-taking pressure increases, the index is likely to retest the 1,212 point level once again.
If the index fluctuates within the 1,200 - 1,212 point range, investors can proactively increase their stock/cash holdings to a 90/10 ratio. Expectations of positive capital inflow into the market are high at this point, and there is a strong possibility the index will head towards the resistance zone of 1,247 - 1,255 points from September 2023.
The following stock groups may attract particular attention from investors:
Public investment: HHV
Stocks: HCM, SHS, VIX, SSI
Real estate: TCH, DIG
Industrial Real Estate: IDC
Seaport: HAH
Steel: HSG
Bank: VIB, SSB,ACB , TPB, VPB
Retail: DGW, MWG, MSN
Energy: PC1
Oil and gas: BSR
Textiles: TNG
Others: PNJ, GEX, GVR, DBC.
Business news:
REE: The largest shareholder of Refrigeration and Electrical Engineering Corporation is determined to acquire more shares in the company.
SJE: Song Da 11 is expected to raise 236 billion VND through the offering of 18 million shares.
POW: PV Power could lose over 1 trillion VND in revenue due to delays in the Nhon Trach 3 and 4 gas-fired power plants.
HBC: Hoa Binh Construction Group is overdue in paying social insurance contributions, owing more than 38 billion VND.
NLG: Finalizing the date for the 2024 Annual General Meeting of Shareholders.
NVL: Novagroup has sold over 12 million NVL shares.
VC2: The State Securities Commission (UBCKNN) fined Vina2 for failing to disclose information.
VJC: Vietjet launches a route connecting Ho Chi Minh City to Vientiane.
VCA: Vicasa Steel is struggling with the challenge of relocating its factory out of Bien Hoa 1 Industrial Park.
KDH: Seeks to increase capital to VND 9,094 billion through the issuance of 110.09 million shares .
Source
Comment (0)