Be careful with derivative contract expiration dates

Investment Comments

Yuanta Vietnam Securities (YSVN) : Correction pressure may increase again in the session of December 21. However, the recovery is accompanied by low liquidity, so the market's uptrend may quickly end in the session of December 21.

Short-term investors should not rush to buy again, the positive point is that short-term cash flow shows signs of returning to mid- and small-cap stocks. In addition, the short-term sentiment indicator increased slightly but the sentiment indicator is still in the pessimistic zone with the current market developments.

KB Vietnam Securities (KBSV) : After recovering at the support zone around 1,080 points, the formation of two consecutive candlestick patterns with short legs shows that the buyers are still somewhat in control.

However, when trading volume remains low and cash flow is giving priority to small and medium-cap stocks, the recovery momentum is not really solid. The index is forecasted to soon face pressure at the resistance zone around 1,110 points.

Asean Securities (Aseansc) : The market will continue to recover in the next few trading sessions. However, weak cash flow and prolonged net selling by foreign investors may cause the VN-Index to experience many fluctuations in the coming sessions.

In addition, investors should note that December 21 is the expiration date of the December derivatives contract, so there is a possibility of unpredictable fluctuations at the end of the session. Therefore, Aseansc maintains a cautious stance, investors should continue to observe the market, limit chasing and take advantage of market fluctuations to restructure their portfolios.

Stock news

- According to the Ministry of Industry and Trade, the total import-export turnover in 2023 is estimated to reach 683 billion USD, the trade balance will have a surplus for the 8th consecutive year with an estimated surplus of 26 billion USD.

- ST24 and ST25 rice enjoy preferential export tax to the EU market. According to the Ministry of Agriculture and Rural Development, ST24 and ST25 rice officially enjoy preferential tax when exported to the EU market - benefits from the Vietnam - EU Free Trade Agreement (EVFTA).

Before the two rice varieties ST24 and ST25 enjoyed preferential treatment in this market, Vietnam had 9 rice varieties that also enjoyed tax incentives when exported to the EU, including: Jasmine85, ST5, ST20, Nang Hoa 9, VD20, RVT, OM4900, OM5451 and Tai Nguyen Cho Dao. This is an opportunity to increase rice export turnover to the above potential market .

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