The situation struggled in August 14th, the main indexes on the market closed contrary: the VN-Index still retained a rise of 2.08 points or 0.22% to 968.91 points but the HNX-Index down 0.31 points or 0.3% to 101.98 points.
On the whole market scale, the number of gainers is still higher than the number of declining codes but the gap has narrowed. There were 332 gainers, 42 gainers against 293 losers and 32 losers.
The market is still lacking in leading. Despite the support of GAS, VIC, VNM, BVH, and TCB, the impact of these codes was quite modest, while PLX, VJC, VRE, CTG, and PNJ fell. Positive price movements took place in some small and medium stocks like CMG (up 7%); DAG (6.6%), HAX (4.5%); TNG (4%); YEG (4%) ...
Liquidity reached 151.48 million shares, equivalent to VND 3,461.33 billion on the HSX and 22.64 million shares equivalent to VND 336.24 billion on the HNX.
YEG of Yeah1 Group yesterday recovered strongly, raising the price to VND 2,100, equivalent to 4% to VND 54,600, sometimes at the price of VND 55,000.
YEG developments were positive after the news of the group of giants Nguyen Anh Nhuong Tong passed a resolution to establish a subsidiary in the field of information technology and change many senior personnel positions; structure of foreign loans.
Specifically, Yeah1 plans to set up a new subsidiary called Appnews, in the field of information technology.
In terms of personnel, the company appointed Mr. Nguyen Van Cang to the position of Deputy General Director in charge of Finance on behalf of Mr. Vo Thai Phong, appointing Mr. Ho Nam Dong to the position of Deputy General Director in place of Mr. Bui Huu Nhat .
At the same time, nominating Ms. Nguyen Thi Ngoc Nu to appoint the title of Chief Accountant, replacing Mr. Thai Phong from August 13, 2019.
At this resolution, "entertainment tycoon" also approved the restructuring of foreign investment worth 12 million USD.
According to the financial report reviewing Yeah1’s first half of 2019, the after-tax profit of this enterprise increased by 11.23% compared to the independent report (over 5 billion VND) to 51.2 billion VND due to the adjustment of recording. receive interest on internal loans in the group.
According to BVSC, VN-Index is expected to fluctuate in the region limited by the upper boundary of 975- 980 points and below 958-963 points in the remaining sessions of the week.
The net selling pressure of foreign investors and the fluctuation of the world market will still be potential risks for market movements in this period.
Besides, the future contract of VN30F1908 will expire today can create strong fluctuations in blue-chips in VN30 basket on August 15th.
Regarding sectors’ movements, profit-taking pressure is expected to continue in the group of stocks which had increased sharply before such as industrial zone real estate, Viettel stock group, sea port ... in the next few sessions. Despite being under short-term correcting pressure, this is still the group that is assessed to have growth potential in the medium term.
Investors are recommended to maintain the share rate at 30-40% of stocks in this period. For investors holding a high proportion of stocks, it is possible to consider selling profit part of the portfolio at the gaining sessions of the market.
Acquisition of positions that have been sold or opened to buy positions should only be done in the down sessions and disbursements at specific support areas of each stock.
