Will VN-Index soon reach 1,260 points?

Investment Comments

Vietcombank Securities ( VCBS) : If the market maintains high liquidity and good cash flow differentiation, the VN-Index will soon reach 1,260 points.

VCBS recommends that investors continue to maintain the proportion of stocks in industries that are attracting good cash flow such as securities, real estate, construction and consider increasing disbursement for stocks in the above industries if there are signs of overcoming resistance.

BETA Securities: In the trading session of February 28, profit-taking pressure will appear, leading to fluctuations/adjustments. In addition, the market is in an overbought state, investors should be cautious in making new purchases, and limit chasing stocks with hot growth to avoid profit-taking pressure leading to the risk of correction.

However, in the current context, low interest rates and positive prospects for improving macroeconomic factors will be important supporting factors for the market this year.

Dragon Viet Securities (VDSC) : The possibility of increasing points may continue in the next trading session on February 28 and bring the market to the resistance zone of 1,240 - 1,250 points. The market is expected to have a strong dispute at this resistance zone. Supply and demand signals in this resistance zone will greatly affect the next developments of the market.

Investors need to observe the supply and demand developments at the resistance zone to re-evaluate the market status. Currently, priority should be given to stocks that are showing good signals from the support zone to hold, but they should also take advantage of the increase to take profits from stocks that are showing cautious developments at the resistance zone.

Stock news

- Stocks hit new highs, Yen nears 34-year low: Is the BOJ rate hike date near? At the close of trading on February 22, the Nikkei index rose 17% in the first two months of 2024, while it increased 28% in 2023. This creates a buffer against the potential impact of rising interest rates.
Many expect the central bank to raise interest rates in the coming months, the first monetary tightening in 14 years. Japanese stocks continued to rise in the new week. The benchmark index ended the morning session on February 26 at an average of 39,309.80 points, up 211.12 points from February 22.

- The Fed has created a miracle for the world's number one economy , but the hard part is just beginning. In early 2023, Wall Street's recession predictions were so loud that they drowned out other views of the economy . At that time, people thought that the Federal Reserve (FED) could not bring down inflation from its highest level in decades without affecting economic growth.
Yet in the first two months of 2024, Fed Chairman Jerome Powell and his colleagues nearly achieved what many had previously called a miracle .

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