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Market commentary: Bullish signals?

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04

7月

Market commentary: Bullish signals?

The market comes back to a gaining session with the VNIndex still ends above the 10-period moving average, shows positive signals. However, the downside risk is still present. Therefore, investors should hold a long position and wait for the next signals.

Report (354)

03

7月

Chart of the day: Reach short-term target

The VNIndex remains in a medium-term uptrend despite a short-term downtrend, and it is expected to rebound quickly.

Report (136)

03

7月

Market commentary: Retest the 1,120-pts threshold

Although the market has a second adjustment, the VNIndex still ends above the 1,100-pts threshold and the 50-period moving average. This shows the uptrend is still present. Therefore, investors should hold long position and wait for the next signals.

Report (354)

30

6月

Market commentary: Short-term profit-taking

The stock market reverses to decline, however, the VNIndex still closes above the 10-period moving average and 1,120-pts threshold. Therefore, the short-term uptrend is still intact. Traders should hold long positions.

Report (354)

29

6月

Market commentary: Cash flow into Banking

The stock market maintains its uptrend because the VNIndex still ends above the 10-period moving average. Therefore, investors should open long positions and focus on leading stocks.

Report (354)

28

6月

Market commentary: Low liquidity

Although the market increased slightly along with low liquidity, the VNIndex ends above the 50-periods moving average. This shows the uptrend is still positive. Therefore, investors should open long positions and focus on leading stocks.

Report (354)

27

6月

Fundflow 19-23 Jun: VFMVN DIAMOND drives inflow surge

Inflow across ETFs in Vietnam strongly increased, recorded at USD17mn. In general, inflows into Vietnam still increased and remained on major ETFs. In this case, the demand for funds in Vietnam is still very optimistic and the expectation of positive inflows will be maintained in the context that the stock market is showing positive movements.

Report (85)

27

6月

Market commentary: Intraday bottom-fishing

The market maintains an uptrend along with high liquidity, showing this is a good signal. Further, the VNIndex also closed above the 10-period moving average. Therefore, investors should open long positions and focus on leading stocks.

Report (354)

26

6月

Chart of the day: The upward swing shows no sign of weakness

The rebound phase is confirmed as well as bullish momentum is active. Thus, traders could open the long positions on leading stocks. However, position size should be low due to the active selling pressure near 1,150 pts area.

Report (136)

26

6月

Market commentary: Resume uptrend

In the short term, the uptrend is still positive as the VNIndex closed above the 10-period moving average. Therefore, investors should open long positions and focus on leading stocks.

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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