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 986.05, with an intraday high of 1020.60, a low of 984.34, a closing price of 1012.65, an increase of 2.89%, and a trading volume of 1.24 billion shares, showing a typical price increase and volume increase.
Judging from the medium and long-term technical indicators, the html April K-line and -week K-line are still steady upward bulls and upward patterns. From the daily line, because there are only four trading days this week, and it is the first trading week of 2018, the Vietnamese stock market easily increased its volume and stood at the psychological threshold of 1,000 points. Although the index showed a trend of back adjustment due to short-term profit-taking selling pressure on Friday, the trading volume also increased compared with the previous few days. However, from the perspective of technical indicators, the daily indicator is still healthy and upward, and this pullback is only at the daily level and will not affect the bull market upward pattern of the Vietnam stock market.
Specifically for each blue chip sector, such as CTG, BID, VCB, and VPB in bank stocks continue to hit new highs. HCM, SSI, and VND in of the brokerage sector also hit new highs simultaneously. FPT and REE in also fluctuated upward this week, setting a new high.
The two major aviation stocks in the utility, HVN and VJC, even broke away from the influence of the index, and still hit a new high after the Vietnamese stock market pulled back on Friday. At the same time, VNM in the consumer sector is also rising, giving the Vietnam index another upward space.
Therefore, we recommend that investors can still hold no less than 80% of the positions in their hands as long as the Vietnam stock market index does not change significantly around the five-day and ten-day lines, and do not pay too much attention to the daily level intraday fluctuations.
such as CTG, MBB, etc., high-performance low-priced bank stocks can still be continuously absorbed during the pullback process and increase their positions. At the same time, for example, VND Securities in securities stocks, when the price-to-earnings ratio is still less than 10 times, you can continue to buy on dips and hold it for a long time as long as there is a pullback.
Finally, I hope that investors will ignore short-term adjustments while doing a reasonable job in position management and wait for the huge benefits brought by the rise in the medium and long-term bull market of Vietnam stock market.
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.
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