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Market commentary: Profit-taking signal?

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20

7月

Market commentary: Profit-taking signal?

The stock market only experiences a slight decline with improved liquidity, indicating that investors' hesitation is still present. Inflow remains relatively cautious after a series of consecutive gain sessions, while profit-taking pressure remains weak. Nevertheless, the uptrend maintains a positive signal as the VNIndex still ends above the 50-period moving average. Therefore, investors should hold long positions and focus on leading stocks.

Report (354)

19

7月

Market commentary: Investor’s hesitation sentiment

The market slows down however the VNIndex still ends in the green territory, indicating the investors' hesitation sentiment. Moreover, the downside risk is still present around the 1,180-1,200 pts zone. Therefore, investors should hold long positions and wait for the next signals.

Report (354)

17

7月

Chart of the day: Optimistic sentiment

The VNIndex remains in a medium- and short-term uptrend thanks to high liquidity and the breakout for the 1,150-pts threshold.

Report (136)

17

7月

Market commentary: High volatility

The stock market has 6th consecutive increase session with high liquidity. Additionally, the market appears to demand at lower price levels, indicating positive signals. However, the downside risk may present around the 1,180-1,200 pts zone. Therefore, investors should hold long positions and wait for the next signal.

Report (354)

14

7月

Market commentary: Intensifies inflow

The stock market remains to gain and surpasses the 1,150-1,160 pts zone which is the significant support zone in the downtrend in 2022. However, this is also the goal point of the rectangle pattern that form before. Therefore, investors should hold a long position and wait for the next signal.

Report (354)

13

7月

Market commentary: Vingroup’s members lead the market

The stock market still shows positive signals, as the VNIndex remains to increase and ends above the 10-period moving average. Therefore, investors should open long positions.

Report (354)

11

7月

Market commentary: Buoyant Market Rally

The stock market remains to increase strongly with still improved liquidity in the session. Furthermore, the VNIndex successfully surpasses the significant resistance level of 1,140-pts, showing a bullish signal. Therefore, investors should open long positions.

Report (354)

07

7月

Market commentary: High selling pressure in the afternoon

Although the market significantly decreases, the VNIndex remains above important resistance levels, such as 1,120-pts and 1,100-pts. The uptrend is still positive, however, more signals are needed to confirm. Therefore, investors should hold a long position and wait for the next signals.

Report (354)

06

7月

Market commentary: Resume uptrend

The market maintains an uptrend with the VNIndex closes above the 10-period moving average, showing positive signals. In the short term, this index has tested the 1,140-pts threshold. Therefore, investors should hold a long position and wait for the next signals.

Report (354)

05

7月

Market commentary: Optimistic sentiment

The market maintains an uptrend with improved liquidity, shows positive signals. In the short term, the VNIndex has tested the 1,140-pts threshold. Therefore, investors should hold a long position and wait for the next signals.

Report (354)
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Featured Articles

24

8月

U.S July Retail sales and Vietnam T&G exports

U.S July Retail sales and Vietnam T&G exports According to the latest data from the U.S. Census Bureau, retail sales in the U.S. increased by 0.7% MoM in July of 2023, marking a fourth consecutive rise, and beating market forecasts of a 0.4% increase. In more detail, US clothing store sales grew 1.34% YoY in July, slightly decelerated from 2.69% in June, but remain higher than the one-year slowest growth of 0.32% in April. The potential upturn in US clothing sales, given a relatively strong correlation with Vietnam T&G exports, subsequently benefiting this export sector in the latter half of 2023.

Report (198)

02

8月

An improved economic performance amidst easing external headwinds

July’s data revealed a substantial improvement in economic activities with a softer decline in export turnover, an improving industrial production, and a renewed acceleration in retail sales. On one hand, U.S. consumers tend to regain their confidence during the late phase of the global interest rate hike, fastening the resolution of the overstocking and consequently promoting Vietnam’s export activities. On the other hand, retail sales recorded a higher growth rate than in June coupled with moderate inflation after a series of easing fiscal policies, likely reflecting an expanding demand. We predict economic performance to improve further next month due to softening external headwinds and expanding domestic demand.

Report (197)

28

7月

Vietnam’s economy: gaining momentum

Although the economic performance picked up in 2Q23 in the late stage of the global interest rate hike, we believe that the acceleration of economic activities will need more time to be material due to the insignificant improvement of external factors and the weakening recovery in domestic consumption. On the upside, public investment will continue to be a spotlight in 3Q23 thanks to the government's effort in realizing the significantly higher workload than last year. In addition, the well-controlled inflation and stable exchange rate provide more space for the monetary authority to follow the easing tendency in the next quarter.

Report (195)

13

7月

3Q23 Strategic Insight: Embrace the opportunity

Although the economic performance picked up in 2Q23 in the late stage of the global interest rate hike, we believe that the acceleration of economic activities will need more time to be material due to the insignificant improvement of external factors and the weakening recovery in domestic consumption. On the upside, public investment will continue to be a spotlight in 3Q23 thanks to the government's effort in realizing the significantly higher workload than last year. Investment opportunities exist in Power and Agriculture, Seafood industries that backed by El-Nino and China consumption themes. Besides, crushed stone industry also offers a lucrative choice from 3Q23 for those investors seeking for rising public spending theme. We expect the target range for VNIndex in 2H23 to be 1,260-1,340 points.

Report (197)

30

6月

Slight pickup amidst persistent global challenges

GSO’s June report shows a slight acceleration in economic performance for the second quarter of 2023. Although the economic growth surpassed the downgraded market assessment, it is far from the expected value in the eco-socio tasks. For the latest update in June, export activities deteriorated under the persistent slowdown in the consumption of Vietnam’s major trading partners, showing challenges for the economy to speed up. Regarding domestic factors, the recovery momentum in post-pandemic exhausted with retail sales much lower than the potential level. In the short term, we predict public investment will mainly support economic growth before material improvement in external factors occurs.

Report (195)

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Phone: (84-28) 3914-8585. Fax: (84-28) 3821-6898. Email: isprime@kisvn.vn

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