Henry, the first overseas financial trader in Vietnam, has an in-depth analysis of Vietnamese stock market, sectors and individual stocks. We invite Henry to exclusively interpret it, the Vietnamese stock market weekly review, and the latest news in the Vietnamese market.
Below is Henry's evaluation of the Vietnamese stock market in the past week:
This week's Vietnamese stock market index opened 933.38, with an intraday high of 960.33, a low of 931.29, a closing price of 960.33, a new high, an increase of 2.65%, and a trading volume was 50%. A typical bull market price increase and volume increase.
From the daily indicator, every day, it fluctuates up along the five-day moving average , and there may be a slight pullback during the period, but it still remains unchanged from a strong rise and steady pace. It has become the norm to hit a new high in the session, which also shows that the bull market is very stable and unstoppable.
From the perspective of the blue chip sector, consumer stocks in VN30, such as VNM Vietnam Milk, SAB Saigon Beer, MSN and other consumer giants have hit new record highs this week, with no highest, only higher. This also further opens up the rise for the market in the future.
After high-priced stocks expanding their space upward, most of the banks, securities firms, and technology stocks have also hit new highs in recent years this week. Ho Chi Minh Securities HCM and Saigon Securities SSI among brokerage stocks also hit new highs this week based on the previous fluctuations and rises. MBB, VCB, and BID in bank stocks also continued to hit highs upward this week.
technology stocks we have always been optimistic about REE refrigeration motors, which have made rapid efforts for two consecutive weeks, setting new highs. At the same time, like FPT, MWG is also in a steady trend and is constantly rising.
From this we can see that as funds gradually accelerate their flow into the stock market, the Vietnamese bull market driven by growth and funds is taking big steps. However, as the index gradually rises and the stock price rises, we must be more cautious and beware of the sudden and sharp pullback of the index, especially stocks with excessive gains. For example, blue chip stocks , which had sharp rises in the early stage such as VNM and VIC. At the same time, in order to prevent the index from falling short, we must carefully select high-quality stocks with weekly K-line still at the bottom, such as Baoyue Insurance BVH, VND and SSI in securities stocks, MBB Military Bank, which has not seen much recent increases among bank stocks, HSG Lotus Group in the steel sector, and KBC in the real estate sector. Only in this way can we avoid the risk of market pullbacks and buy blue-chip stocks that are waiting to rise.
The long-term financial sectors we hold, such as the banking sector, securities sector, and technology sector, can still hold heavily because the bull market in Vietnam has not yet reached a conclusion, especially the weekly K indicator is still a steady bull upward trend. Therefore, we need to beware of the daily level of the index, and we should not easily lose the long-term bull stock chips in our hands. At the same time, we recommend that investors avoid three-no stocks without liquidity, performance, and dividends, and buy high growth, high dividends and abundant liquidity on lows.
Statement: The above content only represents personal opinions, and the investment losses caused by this are borne by the individual. Please make cautious decisions and invest rationally.
