Tuesday, November 5, 2024 1:22:59 PM - Markets open
VN-INDEX 1,245.15 +0.44/+0.04%
HNX-INDEX 224.39 -0.06/-0.03%
UPCOM-INDEX 91.75 +0.14/+0.16%
Analysts optimistic about market recovery this week
Vietnam News - 12/27/2021 2:31:57 PM
 (0 ratings. You must sign in to rate.)
Analysts from securities companies are optimistic about stock market movements during the last trading week of this year, betting that the cash flow will soon shift to good fundamental large-cap stocks like banking and securities groups.
 
On the Hồ Chí Minh Stock Exchange (HoSE), the market benchmark VN-Index gained 1.38 per cent to end Friday at 1,477.03 points.
 
The index had lost 0.19 per cent last week.
 
An average of 1 billion shares were traded on the southern exchange during each session last week, worth VNĐ32.4 trillion (US$1.4 million).
 
“The VN-Index recovered strongly at the end of last week with the main driving force being the banking group. The market had returned to the bullish trend in all three time frames of short, medium and long term,” said Nguyễn Anh Khoa, Head of Analysis and Investment Consulting Department of Agriseco Securities Company.
 
“In the immediate future, I predict that VN-Index will continue to gradually move towards 1,500 points when entering 2022, especially when the market awaits supportive information ahead such as the Government's economic support package or peak season for the fourth-quarter business results approaching.
 
“However, investors should also note that strong market fluctuations may take place, especially in the pillar groups because the year-end period is approaching and there are often 'rumours' about trading activities of investment funds during this time,” he said.
 
According to MB Securities Joint Stock Company (MBS), during the last session of last week, the market recovered and regained almost all the points lost in the previous session, mostly thanks to the strong growth of banking blue-chips.
 
“MBS believes that the market will maintain its upward momentum this week, with the focus on banking stocks, securities, real estate and steel,” it said.
 
“The liquidity in the past week increased compared to the previous week and continued to be higher than the 20-week average, showing that buyers and sellers are still struggling at the current price range,” Saigon-Hanoi Securities Company (SHS) said.
 
“From a technical point of view, VN-Index has successfully tested two short-term and medium-term support zones around 1,470 points and 1,450 points, respectively,” it said.
 
“Accordingly, the market's uptrend has not ended and the possibility for VN-Index to reach the threshold of 1,500 points in the last trading week of 2021 is possible,” it said.
 
According to SHS, in the 2011-2020 period, there were only two times, in 2012 and 2018, that the VN-Index dropped in the last trading week of the year.
 
Consumer goods stocks gained the most last week thanks to key stocks such as Vinamilk (VNM) up 0.4 per cent, and Masan Group (MSN) up 8.6 per cent.
 
They were followed by banking stocks such as VPBank (VPB) up 1.3 per cent, Tiên Phong Bank (TPB) rising 3.3 per cent and Vietcombank (VCB) gaining 5 per cent.
 
On the other hand, pharmaceutical and medical stocks dropped the most with losers such as Cửu Long Pharmaceutical JSC (DCL) down 12.3 per cent, Hậu Giang Pharmaceutical (DHG) down 4.4 per cent, Imexpharm Corporation (IMP) losing 2.1 per cent, and Traphaco Joint Stock Company (TRA) down 1.1 per cent. VNS
 
Read original article here
 
Newer News
04/11 Vietnam stock market opens the week with a downturn as foreign investors continue net selling
04/11 Opportunities and challenges in a transitional phase
01/11 Eyeing the stock market post the US presidential election
30/10 Market continues moving upward as foreign investors record strong net sales
29/10 HOSE delists Sao Thai Dương (SJF) shares from 1 November
29/10 Market begins the week on a positive note
28/10 Caution prevails in market amid rising selling pressure
28/10 Securities clearing regulation amendment proposed
25/10 Market in sharp decline as investors resume strong net selling
24/10 Poor performances cast shadow over securities firm prospects
Older News
27/12 Domestic investors help to create records in securities market
25/12 Shares recover strongly in pre-holiday trading
23/12 Indices retreat, money flows in speculative stocks
23/12 Real estate stocks continue to shine bright in 2022
21/12 Shares struggle as large-caps vary
17/12 Share rebound on pillar stocks but liquidity low
17/12 Outlook of logistics stocks promising next year: VCBS
16/12 Stocks remain attractive on record fertiliser prices
13/12 Việt Nam Stock Exchange officially debuts
09/12 Shares post gains thanks to banking, securities stocks
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 1:15:00 PM
VN-INDEX 1,245.15 +0.44/+0.04%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.