Investment Comments
Asean Securities (Aseansc) : The slight correction with low liquidity on December 27 is completely normal and necessary to consolidate the market's short-term uptrend. In addition, bright spots began to appear more when foreign investors returned to net buying.
Therefore, Aseansc recommends that investors continue to observe the market and focus on the process of restructuring their portfolios during fluctuations.
Vietcombank Securities (VCBS) : From a technical perspective, VN-Index closed the session forming an Inverted Hammer candlestick. In terms of the hourly chart, the RSI indicator is at a high level and is giving a signal of peaking and gradually weakening, indicating that VN-Index may experience a correction in the coming sessions. In the daily chart, the MACD and RSI indicators are also gradually breaking sideways, indicating that demand has somewhat weakened and cannot help the market surpass the old peak of 1,130 in the short term.
VCBS recommends that short-term investors consider realizing partial profits and taking advantage of intra-session fluctuations to be able to disburse to buy back stocks according to a short-term swing trading strategy.
Dragon Viet Securities (VDSC) : The market is expected to have an adjustment in the trading session of December 28 to find a balance after many sessions of increasing points. However, it is likely that the market will be supported near the 1,115 point area and recover to continue the process of exploring supply and demand around the MA(200) line.
Investors need to observe the supply and demand situation, and can consider the support price zone to buy short-term stocks that have created an accumulation base and have had positive movements recently. However, in the short term, they should still take advantage of the recovery to take profits at good prices or restructure the portfolio.
Stock news
- In the first half of December, the total value of Vietnam's import and export of goods reached 30.52 billion USD. The results achieved in the first half of December 2023 brought the total value of the country's import and export up to December 15, 2023 to 649.96 billion USD, down 7.5%, equivalent to an increase or decrease of 52.53 billion USD in absolute terms compared to the same period in 2022.
- The number of newly established enterprises in 2023 reached a record high. According to the Department of Business Registration Management (Ministry of Planning and Investment), the number of newly registered enterprises in 2023 was 159,294, an increase of 7.2% over the same period in 2022 - also reaching a record high for the first time.
Newly established enterprises are mostly small in scale (from 0 - 10 billion VND) with 144,460 enterprises (accounting for 90.7%, up 8.3% over the same period in 2022), mainly in the Service industry with 119,487 enterprises, accounting for 75% of the total number of newly established enterprises, up 8.3% over last year .
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