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VN-Index to hit nearly 1000 points again

VN-Index to hit nearly 1000 points again

Thursday 06, 02 2020
The impressive trading week of VN-Index ended with 5 consecutive increasing sessions. Positive point in the cash flow "drag" VN-Index not only focused on large capitalization stocks

The impressive trading week of VN-Index ended with 5 consecutive increasing sessions. Positive point in the cash flow "drag" VN-Index not only focused on large capitalization stocks, bluechip that spread to many other groups. Statistics show that 19 outperformed commodity groups, of which oil and gas and fisheries increased sharply thanks to the recovery of oil prices and US anti-dumping duties lower than expected.

However, is this enough for the next trading week?

The pressure to sell shares when the stock market hit the 1,000 point has caused many securities companies to make a cautious. Bao Viet Securities Joint Stock Co (BVSC) said that the area of ​​1,000 - 1,500 points is quite sensitive and there are many small resistance points, so to challenge this point, there should be cumulative movements, slightly increase in next few days.

"One of the arguments that emerged is that the market will continue tugging around the 1,000 mark, which is understandable given ETF's structured portfolio trading week, of course. cautious and waiting, " Viet Capital Securities (VCSC) acknowledged.

The same view, the Securities Joint Stock Commercial Bank for Investment and Development of Vietnam (BSC) assessment, the pulling tendency will likely continue until the ETFs promote the structure of the list. With this point, BSC recommend trading activities quickly, buy when shaking, sell when the strong increase is dominant in the short term.

Another noticeable news that the company warned was that President Trump was puzzled when he directed the imposition of a $ 200 billion tariff barrier on Chinese goods late last week. However, investors should note that this "direction" will need the US Congress passed.

Placed beside the above point of view, many securities companies still recommend positive. Vietnam Prosperity Joint Stock Commercial Bank (VPBS) continued to hold the view that the market is in a state of accumulation for the uptrend of 1,000 points in the coming time.

Phu Hung Securities Joint Stock Company (PHS), the market may still be in the recovery trend, the market can continue to challenge the higher resistance levels. Therefore, PHS maintains its recommendation, investors may continue to consider adding a small proportion of their portfolio to stocks with good fundamentals and good business prospects for Q3'18.

Another securities company, Yuanta Vietnam Securities, said that this is the week of portfolio restructuring of two ETFs, so liquidity is likely to remain low. Among the groups of stocks in the first trading sessions of the week and gradual improvement at the end of the week.

>>> 
September Forecast: Stock oscillation to happen

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Business Stock Market

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