The market will recover soon.

Investment Comments

PSI Securities: The technical chart of VN-Index is a Doji candlestick showing the tug of war between buyers and sellers. Liquidity has improved compared to the last trading session but is still below the 20-session average, showing that investors are still cautious. Closing above the 1,200 mark shows that this is still a support level for the general index of the market.

The current appropriate recommendation is to continue holding and observing stocks in the current context, limiting stock chasing.

Rong Viet Securities: The market continued to decline during the session after leaving the 1,223 - 1,250 point exploration zone of the VN-Index. However, the decline slowed down thanks to support from the 1,200 point zone and returned to above 1,210 points at the close. Liquidity increased, showing that cash flow increased its activity level after 2 quiet sessions.

With the current support signal, it is likely that the market will have a recovery in the near future to re-test the supply in the 1,220 - 1,225 point area. Therefore, investors still need to observe the supply and demand developments in the exploration area and re-evaluate the market status. It is possible to consider short-term trading in some stocks with support signals, but in general, it is still necessary to keep the portfolio proportion at a reasonable level to prevent risks.

BOS Securities: Technically, the VN-Index decreased slightly and closed with many stocks increasing impressively, showing that a number of investors are still very optimistic about the stability of the market. However, liquidity continued to be lower than the monthly average, although the index had the second consecutive session touching the medium-term support MA50 around 1,200 points.

This weak demand poses a risk that large investors are still not in a hurry to disburse, especially foreign investors as they still maintain a net selling trend. Therefore, investors are advised to maintain a low stock ratio and not chase hot stocks.

Stock news

- The General Department of Customs said that in August 2023, Vietnam's rubber exports reached 222,482 tons, worth more than 287.13 million USD (up 11.3% in volume and 0.1% in value compared to July 2023).

In the first 8 months of 2023, rubber exports nationwide reached 1.2 million tons, worth more than 1.6 billion USD (up 0.5% in volume but down 19.3% in value compared to the same period in 2022). The average rubber export price in the first 8 months of 2023 reached 1,343 USD/ton (down 24.5% compared to the same period in 2022).

- According to the announced portfolio restructuring results, Fubon FTSE Vietnam ETF has added a new real estate stock, PDR of Phat Dat, to its portfolio. On the contrary, Fubon FTSE Vietnam ETF did not remove it from its portfolio. Thus, after this restructuring period, the number of stocks in the Fubon FTSE Vietnam ETF portfolio has reached 30 .

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