Continue towards the 1.090

The increase from the leading real estate group pushed the VN-Index to close at nearly 1,080 points, with enthusiastic cash flow clearly improving liquidity.

At the end of the trading session on April 3, VN-Index increased by 14.64 points, equivalent to 1.38% to 1,079.28 points. The entire floor had 325 codes increasing, 84 codes decreasing and 35 codes remaining unchanged.

HNX-Index increased by 2.98 points, equivalent to 1.44% to 210.48 points. The entire floor had 119 stocks increasing, 42 stocks decreasing and 58 stocks remaining unchanged. UPCoM-Index increased by 0.52 points to 77.28 points. In the VN30 basket alone, 24/30 stocks increased in price.

The total matched value of the entire market reached 16,385 billion VND, up 22% compared to the previous session, of which the matched value on HoSE alone increased 19.8% to 14,174 billion VND. In the VN30 group , investors transferred 6,042 billion VND.

Investment comments

Phu Hung Securities: Overall, the market is expanding its upward momentum after the 3/4 increase. Therefore, investors can continue to take short-term trading positions on stocks with good fundamentals, positive first-quarter business results forecasts and are attracting strong cash flow.

Agriseco Securities: With the closing at the highest level of the day and the trading volume 1.6 times the average of 20 sessions, the analysis team believes that the index may continue to move towards the 1,090 - 1,100 point range in the next session. However, it should be noted that fluctuations may occur when the market has increased for 10 consecutive sessions and is currently approaching strong resistance zones.

Investors can watch for intra-session corrections to increase their exposure to sectors that are attracting good cash flows such as oil and gas, banking, and real estate. For the securities group, investors should prioritize reducing their positions because this group has increased for many consecutive weeks, so profit-taking pressure is likely to increase in the coming sessions.

Yuanta Securities: The market may experience fluctuations in the next session as the VN-Index is entering the price gap of 1,074 - 1,082 points formed in the session on February 22.

At the same time, the market is entering a period of strong positive fluctuations and momentum indicators are approaching the overbought zone, so the market may experience corrections in the next few sessions. However, Yuanta assesses that short-term risks are still low, so the market may only experience slight corrections and continue to increase in the trading sessions.

Short-term investors can continue to take advantage of the correction to increase stock proportion and limit chasing purchases during strong increases because the possibility of correction in the next few sessions is quite high.

Stock news

- The Fed's preferred inflation gauge cooled in February 2023 after a surprise surge the previous month, a welcome sign in the Fed's fight against inflation.

- According to the decision of the State Bank , a series of operating interest rates will decrease by 0.3-0.5% from April 3. In particular, the maximum interest rate applied to non-term deposits and deposits with terms of less than 1 month will decrease from 1.0%/year to 0.5%/year; the maximum interest rate applied to deposits with terms from 1 month to less than 6 months will decrease from 6%/year to 5.5%/year.

- S&P Global's Vietnam Manufacturing Purchasing Managers' Index (PMI) came in at 47.7 in March, down from 51.2 in February and below the 50-point mark for the fourth time in five months .

Source