VN-Index may continue to increase

Some stocks to watch on June 14

VN-Index may return to Sideway trend to retest the 1,285-1,300 zone

The stock market fluctuated narrowly in the session of June 13, VN-Index closed the trading session on June 13 at 1,301.51 points, up slightly +1.32 points (+0.1%), HNX closed at 248.36 points, up +0.05 points (+0.02%). In terms of market breadth, the entire HOSE floor moved quite balanced with 168 stocks increasing in price, 47 reference stocks and 162 stocks decreasing in price. HNX traded with 82 stocks increasing in price, 77 reference stocks and 81 stocks decreasing in price. Liquidity on the HOSE floor on June 13 improved compared to the session on June 12 when the trading volume (excluding agreements) increased by +7.8%, while the HNX floor decreased by -3.9%.

The Banking group still plays an important role in today's session with 5 outstanding codes: MBB (+1.95%), TPB (+2.98%), LPB (+1.92%), SHB (+1.69%), MSB (+1.67%), in which, TPB recorded a record matching volume with nearly 44 million shares and VPB (+0.26%) continued to trade actively after yesterday's extraordinary session. The Residential Real Estate industry recorded many codes increasing in price with strong transactions in today's session, typically: PDR (+1.94%), KDH (1.71%), NLG (+1.38%), DIG (+1.62%)...

VN-Index closed the trading session on June 13 at 1,301.51 points, up slightly +1.32 points

After many consecutive sessions of increase, the Information Technology sector on June 13 had a slight adjustment with FPT (-1.52%), ITD (-0.86%)... despite the increase in price of CMG (+0.57%). The Oil and Gas, Rubber, and Fertilizer sectors also saw many stocks decrease in points. Other industry groups witnessed differentiation, specifically the Tourism sector with HVN (+1.4%) VJC (-0.28%) along with other stocks such as SKG (-0.66%), DSN (+0.36%), TCT & DAH all ending the session unchanged.

According to experts from Agribank Securities Company (Agriseco), on the technical chart, VN-Index continued to close above the psychological threshold of 1,300 points thanks to increased demand at the end of the session. However, the fact that demand only participated strongly at the end of the day while it was lacking throughout the session showed that the market could not attract outside cash flow to participate in new disbursements. In addition, the large-cap group continued to be under selling pressure from foreign investors, while short-term speculative cash flow gradually shifted to the mid-cap group, causing the uptrend to be interrupted.

“VN-Index may return to the Sideway trend to retest the 1,285-1,300 zone in the upcoming sessions. The MA20 line, corresponding to the 1,270-point mark, is expected to be a reliable support level for the index. Therefore, investors should continue to hold their portfolios until there is a technical reversal signal, and can close profits on stock positions that have achieved expected profitability in the early uptrend of the market. Regarding new disbursements, priority should be given to waiting for opportunities at the support zone with leading stocks that have not increased rapidly in the recent period,” said Agriseco experts.

VN-Index may surpass 1,300 points in the coming trading sessions

According to the analysis team of Kien Thiet Securities Company (CSI), at present, VN-Index has surpassed the peak in March and is on track to create a new peak in 2024, so in general, the optimistic signal is still overwhelming. However, the explosive breakout has not happened because the liquidity of the previous strong increase has not been sudden, so it is likely that the market still needs an accumulation period to accumulate more momentum.

VN-Index may surpass 1,300 points in the coming trading sessions (Illustration photo: KT)

“Investors should hold on, and can gradually increase the proportion of profitable stocks in their portfolio when the general market fluctuates. The resistance level that we expect VN-Index to reach is (1,317 - 1,327) points, at this level we prioritize selling and realizing a part of the portfolio's profits,” CSI experts noted.

Meanwhile, experts from Yuanta Vietnam Securities Company (YSVN) believe that the market may continue to increase in today's session, June 14, and the VN-Index may exceed 1,300 points in the coming trading sessions. At the same time, the market is still in a period of strong fluctuations in a positive direction, so the correction may end quickly. In addition, the short-term sentiment indicator continues to decrease, showing that cash flow is diverging and investors are also in the process of restructuring their portfolios, meaning a shift from groups of stocks that have increased to groups of large-cap stocks that have just started to increase.

“The short-term trend of the general market remains bullish. Therefore, short-term investors can continue to take advantage of the correction to increase their stock holdings and should pay attention to large-cap stocks,” YSVN experts recommended.

Source: https://vov.vn/thi-truong/chung-khoan/nhan-dinh-chung-khoan-146-vn-index-co-the-tiep-tuc-da-tang-post1101399.vov