VN-Index gradually moves towards the 1,280-1,300 point range

► Some stocks to watch on December 11

VN-Index is under correction pressure, accumulating above the support zone around 1,260 points.

After a good increase, VN-Index continued to be under pressure to adjust when heading towards the price range of 1,280 points. At the end of the trading session on December 10, VN-Index decreased by -1.77 points (-0.14%) to 1,272.07 points, heading towards the price range of 1,280 points - 1,300 points. Trading volume on HOSE decreased by -14.54% compared to the previous session, showing that the accumulated adjustment pressure is relatively normal in many codes.

Market breadth was negative with 162 stocks decreasing, 148 stocks increasing and 64 stocks maintaining the reference price. The market is under pressure to restructure portfolios and sell short-term after VN-Index recovered from the 1,200-point price range. Foreign investors continued to net sell on HOSE with a value of -134.1 billion VND in the session on December 10.

At the end of the trading session on December 10, VN-Index decreased -1.77 points (-0.14%) to 1,272.07 points.

According to experts from Saigon - Hanoi Securities Company (SHS), in the short term, VN-Index is growing above the support zone around 1,260 points, corresponding to the highest price in 2023 and the average price of 200 sessions, towards the price zone of 1,300 points. This is a very strong resistance zone, the peak zone of March-July 2024 and September-October 2024 from the beginning of the year until now. To be able to overcome this very strong resistance zone, the market needs momentum, strong support from fundamental factors, and outstanding growth prospects. It depends heavily on 2 groups of stocks with a large capitalization proportion in the market: banks and real estate.

In the short term, market quality is still improving, many codes and groups of codes are at relatively attractive prices, opening up many good opportunities. However, VN-Index is under pressure to adjust, accumulating above the support zone around 1,260 points, before waiting for new growth drivers such as expectations for business results growth in the fourth quarter of 2024 and prospects for 2025.

“The market will overcome the accumulation trend that has lasted since the beginning of the year. Investors should not chase the market and choose carefully when the VN-Index is heading towards the price range of 1,280 points - 1,300 points. Investors should maintain a reasonable proportion. Consider selectively disbursing stocks with good fundamentals, expecting continued growth. The investment target is towards leading stocks with good fundamentals,” said the SHS expert.

VN-Index may move Sideway Up with alternating up and down sessions.

According to the analysis team of Agribank Securities Company (Agriseco), on the technical chart, VN-Index had another accumulation session after a steep increase of nearly 70 points in the past time. Selling pressure increased at the end of the day but there was no active demand to absorb it like in previous sessions, making it difficult for the market to maintain the upward trend. Agriseco Research believes that the above-mentioned test shaking phase is relatively necessary after the period of rapid increase in the index.

VN-Index may move Sideway Up with alternating up and down sessions (

“VN-Index may move Sideway Up with alternating up and down sessions and gradually move up to the 1,280-1,300 point zone in the coming sessions. Investors should continue to hold their portfolios. The support level of 1,260 points, corresponding to the intersection of MA50 and MA200 days, is a reliable support for the short-term trend. Investors should prioritize further disbursement in this zone,” Agriseco experts noted.

Meanwhile, experts from Yuanta Vietnam Securities Company (YSVN) believe that the market may return to an upward trend in today's session, December 11. At the same time, the market is still in a period of strong fluctuations in a positive direction, so the correction may soon end. The positive point is that the market breadth continues to improve and the cash flow spreads evenly among stock groups, showing that investors continue to be optimistic about the current market developments and new buying opportunities continue to increase.

“The short-term trend of the general market remains bullish. Therefore, investors can continue to hold a high proportion of stocks in their portfolio and take advantage of the correction to buy when short-term risks remain low,” YSVN experts recommended.

Source: https://vov.vn/thi-truong/chung-khoan/nhan-dinh-chung-khoan-1112-vn-index-huong-dan-len-vung-1280-1300-diem-post1141166.vov