Investment Comments
Beta Securities : This week there will be a derivatives expiration trading session and foreign net selling pressure may continue, so cash flow will be cautious, leading to the possibility of strong fluctuations during the session.
However, with the current adjustment, it will open up opportunities for investors with a high cash ratio and a long-term vision to accumulate stocks of businesses with good fundamentals and prospects when they reach attractive prices, in the context of low interest rates and many priority policies to support economic growth.
Vietcombank Securities (VCBS) : The two indicators RSI and MACD are gradually giving signals of forming the first bottom, with a high probability that VN-Index will bounce at the support zone. In addition, the 1-hour chart also shows the appearance of a candlestick pattern similar to the Tower Bottom candlestick pattern, along with the Hammer candlestick on the daily chart, further reinforcing the reversal signal.
With the current developments, there is a high probability that the market will soon have recovery sessions and this is a good opportunity for T+ trading investment strategies.
Asean Securities (Aseansc) : The index tends to fluctuate back to the 1,100 point area and move sideways between a wide sideways range above a strong support zone.
Investors are watching the general market reaction in this area, when the signals are more positive, to seek clearer confirmation for the process of creating a base and recovering. The move to maintain a low proportion and try to buy when the signs are clearer is considered appropriate in the period of weak trend force.
Stock news
- Vietnam's rubber exports reached 2.51 billion USD, China is still 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, worth 2.51 billion USD, up 0.01% in volume and down 14.7% in value compared to the same period in 2022.
Of which, China is the largest export market with 1.48 million tons, reaching a turnover of 1.96 billion USD, accounting for 79% in volume and 78% in value of Vietnam's rubber exports in the first 11 months of 2023.
- Vietnam is the second largest market supplying cassava starch to China. According to statistics from the General Department of Customs, in the first 10 months of 2023, the export of cassava and cassava products reached over 2.66 million tons, worth 1.16 billion USD, down 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 USD, down 17.1% in volume and 20.4% in value compared to the same period in 2022. Thailand, Vietnam, Laos, Cambodia and Nigeria are the 5 markets supplying cassava chips to China .
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