Research Center

The VNIndex closes above the 1,000-pts threshold, implying the short-term uptrend. Thus, traders should hold their long position and focus on leading stocks.

As mentioned above, market has entered the uncertainty zone where 2019’s peak was formed. Thus, investors should hold the current positions and should not increase the proportion on leading stocks at this zone.

The short-term uptrend of the VNIndex is intact as the index formes three gaining session and closes above the 1,000-pts threshold. Thus, traders should hold their long position and focus on leading stocks.

Based on data of 30 Nov, we expect that FTSE Vietnam ETF and VanEck Vectors Vietnam ETF will not add or exclude Vietnam stocks in this quarterly review. POW, GEX, and TCH will be bought the most. Besides, HPG and VRE are expected to sell heavily.

In the short term, the bullish market is dominant as the VNIndex confirmed its uptrend. Thus, traders should hold their long position and focus on leading stocks.

Based on the recovery, the market sentiment has become optimistic in the short term as the VNIndex is supported at the 1,000-pts threshold. Thus, traders should hold their long position and focus on leading stocks.

Despite the contraction, the short-term uptrend is still intact as the VNIndex closes above the 1,000-pts threshold. Thus, traders should hold their long position and focus on leading stocks.

Last week, selling activities ticked up. Breaking down by sectors, selling activities focused on Financials, Materials, and Consumer Staples whilst Real Estate and Industrials were accumulated the most. Regarding to ETF flow, Vietnam maintained the positive flow of money thanks to VFMVN Diamond ETF which attracted the total of USD4.8mn last week.

The uptrend is still intact in the short term as the VNIndex closes above the 1,000-pts threshold. Thus, traders should hold their long position and focus on leading stocks.