The market will soon rebound.

Investment analysis

PSI Securities: The technical chart of the VN-Index shows a Doji candlestick, indicating a tug-of-war between buyers and sellers. Liquidity improved compared to the last trading session, but remains below the 20-day average, suggesting that investor sentiment remains cautious. Closing above 1,200 indicates that this remains a support level for the overall market index.

The appropriate recommendation at present is to continue holding and observing the stock in the current environment, avoiding chasing the price.

Rong Viet Securities: The market continued its downward trend during the session after leaving the 1,223-1,250 point range of the VN-Index. However, the decline slowed thanks to support from the 1,200 point level and returned above 1,210 points at closing. Liquidity increased, indicating increased capital activity after two quiet sessions.

With current support signals, the market is likely to rebound in the near future to retest supply at the 1,220-1,225 point range. Therefore, investors still need to observe supply and demand developments in this testing zone and reassess the market's state. Short-term trading in some stocks showing support signals may be considered, but overall, maintaining a reasonable portfolio weighting is still necessary to mitigate risks.

BOS Securities: Technically, the VN-Index declined slightly but closed with many stocks showing impressive gains, indicating that a segment of investors remains very optimistic about market stability. However, liquidity continued to be lower than the monthly average, even though the index touched the medium-term MA50 support level around 1,200 points for the second consecutive session.

This weak demand poses a risk that large investors, especially foreign investors, are not yet in a hurry to disburse funds, as they continue their net selling trend. Therefore, investors are advised to maintain a low proportion of stocks in their portfolios and avoid chasing rapidly rising stocks.

Stock market news brief

According to the General Department of Customs, in August 2023, Vietnam's rubber exports reached 222,482 tons, worth over US$287.13 million (an increase of 11.3% in volume and 0.1% in value compared to July 2023).

In the first eight months of 2023, Vietnam's rubber exports reached 1.2 million tons, valued at over US$1.6 billion (a 0.5% increase in volume but a 19.3% decrease in value compared to the same period in 2022). The average export price of rubber in the first eight months of 2023 was US$1,343 per ton (a 24.5% decrease compared to the same period in 2022).

- According to the announced portfolio restructuring results, the Fubon FTSE Vietnam ETF has added real estate stock PDR of Phat Dat to its portfolio. Conversely, the Fubon FTSE Vietnam ETF has not removed any stocks from its portfolio. Thus, after this restructuring, the number of stocks in the Fubon FTSE Vietnam ETF portfolio has reached 30 .

Source: https://www.nguoiduatin.vn/lang-kinh-chung-khoan-209-thi-truong-se-som-co-nhip-hoi-a627247.html