31
7月
The VNIndex sustains its medium- and short-term uptrend, bolstered by ample liquidity and a decisive breakout above the 1,200-pts level. This bodes well for investors' confidence and potential market gains. In this case, traders should hold long positions and focus on leading stocks.
28
7月
The stock market closes around the reference point thanks to demand at the low price zone in the afternoon. specifically, the liquidity records at a high level while the VNIndex only falls slightly, showing the profit-talking pressure is still present but weak. However, the downside risk intact remains around the next important resistance level of 1,240-1,250 pts, which is the old peak zone in 2Q22. Therefore, investors should hold long positions and wait for the next signal.
26
7月
The stock market maintains an upward trend and the liquidity is still at a high level, showing a bullish signal. Furthermore, the VNIndex approaches the important resistance level of the 1,200 pts threshold. If successfully surpasses this threshold, the uptrend will be confirmed. Therefore, investors should hold long positions and wait for the breakout signal.
25
7月
The market maintains to increase with high liquidity, showing that the inflow is still positive. This reflects the market's optimistic sentiment towards the scenario of the VNIndex successfully surpassing the significant resistance level of 1,200 pts and confirming the uptrend. Therefore, investors should hold long positions and wait for the next signal.
24
7月
The active long-term bullish move is confirmed. Thus, traders could hold the long positions on leading stocks. For new positions, minor correction or short-term range bound should be used to capture the good entry on leading stocks.
24
7月
Inflow is intensified in the session, pushing the market increases by more than 1% with high liquidity. Besides, the VNIndex advance into the 1,180-1,200 pts zone, a significant resistance zone. Accordingly, if this index successfully surpasses the 1,200-pts threshold, an uptrend will be confirmed. Therefore, investors should hold long positions and wait for the next breakout signal.
20
7月
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.
19
7月
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.
19
7月
The HoSE announced the new constituents of the VN30Index and the VNFIN LEAD Index last Monday. As per the announcement, the VN30Index will remove NVL and PDR while adding SHB and SSB in the 3Q23 review. Additionally, the VNFIN LEAD Index will remove BVH but will not exclude any tickers in this review.
17
7月
The VNIndex remains in a medium- and short-term uptrend thanks to high liquidity and the breakout for the 1,150-pts threshold.
24
8月
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.
02
8月
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.
28
7月
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.
13
7月
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.
30
6月
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.
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