Investment analysis
Beta Securities : This week will see the expiration of derivatives trading sessions, and the net selling pressure from foreign investors may continue, leading to cautious capital flows and the possibility of significant volatility and fluctuations during the trading session.
However, the current correction will open up opportunities for investors with a high cash position and a long-term vision to accumulate shares of companies with strong fundamentals and prospects when prices reach attractive levels, given that interest rates remain low and many preferential policies support economic growth.
Vietcombank Securities (VCBS) : The RSI and MACD indicators are gradually showing signs of forming the first bottom, with a high probability that the VN-Index will bounce back at the support zone. In addition, the 1-hour chart also shows the appearance of a candlestick pattern similar to a Tower bottom, along with a Hammer candlestick on the daily chart, further reinforcing the reversal signal.
Given the current developments, there is a high probability that the market will soon experience recovery sessions, and this presents a good opportunity for T+ trading investment strategies.
Asean Securities (Aseansc) : The index tends to fluctuate back to the 1,100 point level and move sideways within a wide range above a strong support zone.
Investors are observing the overall market reaction in this area, seeking clearer confirmation of the consolidation and recovery process as more positive signals emerge. Maintaining a low portfolio weighting and making trial purchases when clearer signs appear is considered appropriate during this period of weak trend momentum.
Stock market news brief
- Vietnam's rubber exports reached US$2.51 billion, with China remaining a major market. According to statistics from the General Department of Customs, in the first 11 months of 2023, rubber exports reached over 1.87 million tons, valued at US$2.51 billion, representing a 0.01% increase in volume and a 14.7% decrease in value compared to the same period in 2022.
Of these, China was the largest export market with 1.48 million tons, worth $1.96 billion, accounting for 79% of the volume and 78% of the value of Vietnam's rubber exports in the first 11 months of 2023.
- Vietnam is the second largest supplier of cassava starch to China. According to statistics from the General Department of Customs, in the first 10 months of 2023, exports of cassava and cassava products reached over 2.66 million tons, worth 1.16 billion USD, a decrease of 6.8% in volume and 7.3% in value compared to the same period in 2022.
In the first 10 months of 2023, China imported nearly 5.35 million tons of cassava chips, worth $1.47 billion, a decrease of 17.1% in volume and 20.4% in value compared to the same period in 2022. Thailand, Vietnam, Laos, Cambodia, and Nigeria were the top five suppliers of cassava chips to China .
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