The market is likely to continue its upward momentum.

VN-Index may continue to recover to the 1,250 point zone.

After the previous recovery session, the market opened the morning session of August 12 in green with many stocks increasing positively. At the end of the trading session on August 12, VN-Index increased by +6.64 points (+0.54%) to 1,230.28 points. HNX-Index closed at 230.77 points (+1.39 points, equivalent to +0.61%). Market breadth was tilted towards buyers with 193 stocks increasing in price, 118 stocks decreasing in price, and 52 stocks remaining unchanged at HOSE. HNX traded with 82 stocks increasing in price, 58 stocks remaining unchanged and 69 stocks remaining unchanged. Liquidity on both exchanges decreased compared to the previous trading session when the matched volume was -9.2% at HOSE and -24.5% at HNX. The most active industry group contributing to the market's increase today is Tourism and Entertainment with codes HVN increasing dramatically (+6.82%), VJC (+0.2%), SKG (+2.72%), DSN (+0.55%)...

The Information Technology group also had impressive developments, typically FPT (+2.44%), CMG (+1.97%), ELC (+1.5%), CMT (+4.29%)... The Telecommunications group was positive with VGI (+1.33%), FOX (+2.35%), TTN (+2.52%), MFS (+1.91%)... The Chemical stock group traded in green with DGC (+1.97%), especially CSV increased dramatically (+7%)... The Banking industry was impressive with MSB (+3.55%), EIB (+2.72%), STB (+1.21%), NAB (+1.68%)...

Closing the trading session on August 12, VN-Index increased +6.64 points (+0.54%) to 1,230.28 points.

Notably, in the session of August 12, some other industries witnessed many codes with differentiation such as Insurance industry with BMI (+0.64%), ABI (+2.76%), however, PTI (-0.32%), BLI (-0.46%)... Steel industry group traded in red with HPG (-0.77%), NKG (-0.24%)... Most of the stocks in Real Estate industry had a less positive trading session, specifically VHM (-1.88%), DIG (-3.67%), TCH (-3.31%), PDR (-1.13%)...

According to experts from Saigon - Hanoi Securities Company (SHS), the short-term trend of VN-Index is improving with most buying positions in the price range around 1,200 - 1,210 points, T+2 positions are all profitable. Market quality has also improved, many stocks have recovered well after strong correction pressure, opening up many opportunities to accumulate good quality stocks. Currently, VN-Index will continue to recover towards the 1,240 point area, corresponding to the average price of the last 20 sessions, which is also the resistance of the current short-term downtrend line. Meanwhile, VN30 will recover to the price range around 1,280 points, corresponding to the current average price of 120 sessions. These are currently strong resistance areas with short-term structural selling pressure expected to increase sharply. The positive point is that when VN-Index fluctuates strongly during the session, it still opens up many positions to accumulate good quality stocks.

In the medium term, VN-Index will continue to accumulate in the range of 1,180 points - 1,200 points to 1,245 points - 1,255 points, the lower half of the larger accumulation channel from 1,180 points - 1,200 points to 1,300 points - 1,320 points. Of which, 1,200 points is the highest price range in 2018, 1,245 points - 1,255 points is the highest price range in 2023 and is the balance zone of the accumulation channel from 1,180 points - 1,200 points to 1,300 points - 1,320 points. If VN-Index can overcome the resistance around 1,250 points, we still expect the medium-term trend to return to the accumulation channel from 1,250 points - 1,300 points.

“In the short term, the market will depend largely on the growth prospects of businesses and GDP growth. The VN-Index may continue to recover to the 1,250-point area, as well as expand the disbursement monitoring portfolio. Short- and medium-term investors should maintain a reasonable proportion, and may consider increasing the proportion to the average level, but should not chase when the VN-Index recovers to the 1,250-point area. For cases of exceeding the average increase, it is necessary to wait for the VN-Index to escape the long-term accumulation trend and the current short-term downtrend,” said the SHS expert.

VN-Index may move towards the resistance level of 1,240 points

According to the analysis team of ASEAN Securities Company (ASEANSC), green continued to cover the market with VN-Index increasing positively, thanks to the leadership of the Information Technology, Consumer Services, and Securities sectors. These sectors took turns leading the increase in the session on August 12, contributing significantly to the increase of the index, showing positive spread, creating a more solid foundation for the market's recovery. The index surpassed the 1,230 zone again, officially confirming bottom 1 at the 1,188 point zone.

VN-Index may move towards the resistance level of 1,240 points (Illustration photo: KT)

“Investors can consider increasing their weight to a medium-high level when there is a correction and should choose opportunities with year-end growth expectations,” ASEANSC experts noted.

Meanwhile, experts from Yuanta Vietnam Securities Company (YSVN) believe that the market may continue to increase and the VN-Index may move towards the resistance level of 1,240 points in today's session, August 13. At the same time, the market shows signs of entering a short-term accumulation phase, so the indices may continue to fluctuate around the 20-session moving average in the next few sessions and cash flow may be differentiated between groups of stocks, investors should pay attention to the trend of each stock. In addition, the short-term sentiment indicator continues to increase, indicating that new buying opportunities continue to increase, but investors are still pessimistic about the current market developments.

“The short-term trend of the general market remains bearish. Therefore, investors can continue to hold a low proportion of stocks for their short-term portfolio and consider buying new stocks with a low proportion,” YSVN experts recommended.

Some stocks to watch on August 13

Source: https://vov.vn/thi-truong/chung-khoan/nhan-dinh-chung-khoan-138-thi-truong-co-the-se-tiep-tuc-da-tang-post1113961.vov