Research Center

As of 02 Jun, our KIS universe was traded at 14.2x its 2020 earnings, higher than 2019-end PE of 13.3x. In terms of technical analysis, the VNIndex is now heading back to 900, its strong support when the pandemic broke out in early February, warning a strong selling pressure there. Although new money may continue to support the market in the coming weeks, we recommend a cautious stance in Jun

In the short term, market sentiment has become optimistic as the rebound of the VNIndex. That confirmed the short-term uptrend. Therefore, traders can hold long positions and focus on leading stocks.

As the valuation is becoming expensive, we recommend traders and investors to keep a cautious stance in the coming weeks.

As the market has been driven by liquidity recently, valuation is becoming expensive. We recommend traders and investors to keep a cautious stance in the coming weeks.

Last week, foreign selling activities slowed down, recorded a net sell value of USD4.7mn, down 32% WoW. However, Vietnam was one of the main contributor for the increase of money outflow across SEA. Of which, VFMVN30 ETF and SSIAM VNFIN Lead ETF were the main drivers, attracting USD3.9mn and USD3.7mn last week, respectively. Furthermore, VFMVN Diamond and VanEck Vietnam ETF also attracted money inflow during this period.

The uptrend has still been confirmed in the short term due to optimistic market sentiment. Therefore, traders can hold long positions and focus on leading stocks. 

In this scenario, the consolidation period pushes selling pressure on the market. However, the uptrend is still intact. Hence, investors can hold their long positions and focus on leading stocks.

The short-term uptrend has still been confirmed due to the recovery yesterday. Therefore, traders can hold long positions and focus on leading stocks.

Vietnam stock market recorded the significant contraction thanks to high selling pressure on large-cap stocks at the afternoon session. Despite the sharp reduction, the short-term uptrend has been confirmed. Therefore, traders can hold long positions and focus on leading stocks.