Investment Comments
Asean Securities (Aseansc) : Despite short-term corrections, the market continued to have a positive trading session when recording the third consecutive increase with improved liquidity.
However, Aseansc believes that VN-Index is likely to remain in a sideways accumulation trend in the context of a lack of upward momentum.
In the next few trading sessions, the market may experience strong fluctuations when approaching the long-term trend line MA200. Therefore, Aseansc recommends that investors maintain a moderate proportion, limit chasing, and take advantage of fluctuations to restructure the portfolio.
Yuanta Securities : The market may continue to increase in the session of November 23 and the VN-Index may still challenge the 50-session moving average. At the same time, the market is still in a period of strong fluctuations in a positive direction, so the VN-Index may soon surpass the 50-session moving average, especially the cash flow will mainly focus on the group of small and medium-cap stocks.
The short-term trend of the general market remains bullish. Therefore, Yuanta recommends that short-term investors can continue to hold a high proportion of stocks in their portfolios.
East Asia Securities (DAS) : VN-Index is above the 1,100-point support zone, still maintaining the medium-term uptrend channel since recovering from the bottom. With stable demand, it can return to the 1,160 zone in the coming sessions.
However, the current market is volatile, with interspersed corrections during the session. Short-term investors should avoid chasing and set a reasonable profit-taking level. In addition, medium-term investors can disburse to increase their positions in real estate stocks, industrial parks and stocks that benefit from public investment such as infrastructure construction and construction materials.
Stock news
- According to newly announced information from the Vietnam Association of Seafood Exporters and Producers (VASEP), for the first time since the beginning of 2023, Vietnam's tuna export value has returned to a level nearly equal to the same period last year.
Citing statistics from Vietnam Customs, VASEP said that the export value of tuna in October 2023 reached more than 76 million USD, down 0.5% compared to October 2022. In the first 10 months of the year, tuna exports to markets reached nearly 693 million USD, down 22% compared to the same period in 2022.
- The Ministry of Industry and Trade continues to propose a plan to amend the retail electricity price structure from 6 levels to 5 levels, the highest being over 3,600 VND/kWh.
The Ministry of Industry and Trade believes that the redesigned electricity price for each level ensures that the impact on electricity users is minimized. Furthermore, the advantage of this plan is that it is simple and easy for people to understand because it reduces the current electricity price structure from 6 levels to 5 levels .
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