Apply T+ surfing strategy

Investment Comments

East Asia Securities (DAS): VN-Index tends to surpass the short-term peak, heading towards the 1,300 point zone, in the current favorable market conditions, especially the interest rate policy maintained at a low level for a long time.

Investors can hold stocks with a high proportion in the portfolio, combining short-term trading based on market trends to optimize profits. Pay attention to securities, construction, consumer goods, banking and industrial park stocks.

Asean Securities (Aseansc) : VN-Index is forecast to have an upward momentum to test the resistance zone near 1,275 - 1,280, however, the sudden increase in the session on March 13 may create a slight correction at the beginning of the next session.

Therefore, Aseansc recommends that investors should avoid chasing stocks during short recoveries and prioritize reducing their portfolios.

Vietcombank Securities (VCBS): From a technical perspective, VN Index continues to have a convincing recovery with an impressive increase in active buying liquidity.

On the daily chart, the market is still in a medium-term uptrend and the short-term expectation is to return to the 1,300 point mark. On the hourly chart, the CMF money flow indicator has returned to near 0 from the low zone, contributing to strengthening the market trend.

Therefore, VCBS recommends that investors apply the T+ swing trading strategy to stocks in industries that attract good cash flow and stable liquidity. Notable industries include securities, real estate, banking, and retail.

Stock news

- US CPI is hotter than expected, the Fed is unlikely to cut interest rates soon and quickly. The awaited report released by the Bureau of Labor Statistics of the US Department of Labor on March 12 showed that the headline consumer price index (CPI) increased 0.4% in February compared to January and increased 3.2% compared to the same period last year. The monthly increase was in line with forecasts, but the year-on-year increase was 0.1 percentage point higher than the forecast of 3.1% increase given by economists in a survey by Dow Jones news agency.
In recent weeks, Fed officials have signaled they could start cutting interest rates at some point this year, but have also expressed caution about giving up too soon on the fight against inflation while price increases remain high.

- Expert: Although both are withdrawing money through treasury bills, the current context is different from September 2023. In just the first two days of this week, the State Bank of Vietnam (SBV) has withdrawn a total of VND30,000 billion with an interest rate of 1.4%/year. This move took place in the context of excess liquidity when credit turned to decline in the first months of the year.

Assessing the net withdrawal of the State Bank, economic and financial expert Nguyen Duc Hung Linh said that the pumping and withdrawing of money is just a business story and happens regularly. The reason for this move is mainly due to the high USD, so the State Bank acted to prioritize maintaining the exchange rate .

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