In the last session of the week, the green color covered almost the entire Vietnam stock market. Banking group saw a positive session when simultaneously gaining and leading the market.
On the HoSE, the VN-Index increased 6.29 points (or 0.64%), closing at 982.34 points. The HNX was also full of green with an increase of 0.33 points (0.31%), closing at 107.07 points. UPCoM increased slightly by 0.13 points (0.22%) and closed at 57.54 points.
Almost all stocks in VN30 increased (23/7 gainers), helping the VN30 to have a positive trading session with 9.98 points (1.15%), closing at 880.79 points. Among the gainers, the positive codes included EIB (+ 5.8%), VCB (+ 3.4%), FPT (+ 3.0%), DHG (+ 2.5%). ... On the contrary, a few losers include SAB (-2.4%), HPG (-1.7%), GAS (-1.1%) ...
Foreign investors had the 12th day of net buying, they bought strongly on HoSE with 146.66 billion, focusing on banks such as STB (+16 billion), VCB (+53 billion), CTG ( +9 billion), BID (+12 billion) and other codes like KBC (+31 billion), PLX (+49.6 billion), CTD (+27 billion), VIC (+ 25.5 billion) ...
On the contrary, they net sold slightly on HNX (-24.66 billion) and UPCOM (-12.74 billion), focusing on codes like PVS (-26.4 billion), CEO (-1.9 billion). ), BSR (-8 billion), VEA (-8.8 billion) ...
According to Dragon Vietnam Securities Company (VDSC), the increase of the indexes under the guidance of the banking group, and the foreign investors continued to disburse strongly as a sign that the stock market is in the trend. positive movement. Therefore, investors can continue disbursing to seek profit in the market in the coming time.
From a technical point of view, Phu Hung Securities (PHS) said that the VN-Index is holding a steady upward momentum and the MA20 is heading up, providing the signal to continue the trend to go up to the target resistance zone around. 990-992 (old peak in May 2019).
"In general, the market’s recovering trend is still quite good, it is likely that the index might break through near resistance to move to challenge higher resistant levels. Therefore, we maintain the recommendation. Investors can continue to hold a high proportion, consider increasing in stocks with good fundamentals and report positive growth in the second quarter of 2019, "said PHS.
In the same view, Ban Viet Securities Company (VCSC) forecasted that in the next session, VN-Index and VN30 may tend to rise and head to the first strong resistance at 990 points (old peak). and 889 points (MA100).
"The cash flow may move back into small and medium caps, if VNMidcap can break out through the resistance of 975 points and VNSmallcap regain the Positive signal by overcoming the resistance at 824 points" , VCSC points out.
Meanwhile, Bao Viet Securities Company (BVSC) also believes that the market will continue to fluctuate in a positive direction.
However, according to BVSC, the uptrend of the market may soon face shaking pressure, correcting when approaching the resistance level of 987-992 points. The uptrend of the market will still be supported by strong and persistent net buying activities of foreign investors.
BVSC recommends investors to maintain the portfolio proportion at 45-55% in this period. The corrective rhythm of the market is still considered an opportunity to increase the stock proportion for short-term positions, focusing on blue-chips, large capitalization is expected to have positive profit results in the second quarter. .
"For investors holding a high proportion of stocks, we can consider selling trading at 987-992 points", BVSC advised.
