Market commentary on August 13: ‘Increasing in doubt’

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  • According to MBS, Vietnam’s stock market is likely to move in doubt, because the cash flow rotation in the pillars up to now is still considered flexible, the spread of the pillars. And the cash flow still has room to be more positive.
  • BVSC believes that the VN-Index will continue gaining in the next session, the index will move to challenge resistant level of 852-858 points.
Securities companies Positive Neutral Negative
BVSC X
SHS X
VDS X
MBS X
YSVN X

Increase point – (Bao Viet Securities Company – BVSC)

VN-Index is expected to continue to rise in the next session. The index will move to challenge resistant level of 852-858 points. However, we also note that, if we lose the support zone of 835-840 points, the scenario that the index will form a short correction to 810- 820 points should be considered. Market movements will still have strong differentiation according to each individual story of listed companies. Cash flow will alternately move into groups of stocks to seek profits. On the other hand, information about the ability of countries to successfully produce a “vaccine” against Covid-19 will be supporting factors for the market in the short term.

Investors should maintain the proportion of the portfolio at 50-65% of the stock. Short positions may be considered when the index approaches resistance areas we mentioned above. Investors continue to take advantage of market corrections in the next few sessions to open short-term long positions or buy back a portion of sold positions.

Walking sideways and shaking – (Saigon-Hanoi Securities Company – SHS)

VN-Index may continue to move sideways and shake with a amplitude in the range of 835-850 points (MA20-50). Investors who disbursed to catch the bottom around 800 points (fibonacci retracement 38.2%) in the previous decline and took profits in recent sessions should continue to stand out and observe the market in the sessions. Next, wait for the trend to become clearer.

The positive sign is almost saturated – (Rong Viet Securities Company – VDS)

After a series of almost sideways days of the stock market and the positive sign is almost saturated. VDSC recommends investors to be vigilant and limit trading, possibly lowering the proportion of the portfolio to prevent risks that may occur in the near future.

Increase in suspicion – (MB Securities Company – MBS)

After yesterday’s slight correction, the market resumed its gaining momentum, the pillar groups continued to have a consensus to bring the index above 845 points today and also surpass the 150-day average. Still keeping the point of view throughout the past time, the market is likely to evolve in doubt. Because, the rotation of cash flow in the pillars up to this point is still considered flexible, the spread of pillars and cash flow still has room to be more positive.

Cash flow will still differentiate – (Yuanta Securities Vietnam – YSVN)

YSVN believes that the market will likely continue to fluctuate narrowly around the 20-day average in the session of August 13. At the same time, the market is still in the period of accumulation and narrow fluctuations, so the cash flow will still diverge, the positive point is that the cash flow has moved more strongly into Largecaps, so if this trend continues. If this happens, this accumulation is likely to end quickly in the next trading week. In addition, the short-term sentiment continues to increase, showing that short-term risks remain low.

Investors should only consider comments of securities companies as a source of reference information. Securities companies all have recommendations to exempt the responsibility for the above comments.

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