Should I take profit at this point?

Investment Comments

Dong A Securities (DAS): Foreign investors net sold nearly 2,000 billion VND in a volatile trading session, the VN-Index hesitated at the short-term peak and waited for a strong move of cash flow to be able to determine a clearer direction.

Liquidity remains high but not concentrated on any group of stocks. To break out of the psychological zone of VN-Index 1,280, leading stocks need to appear.

Investors can hold their portfolios and wait for the market to have a clearer trend, paying attention to real estate, construction, industrial park and public investment stocks.

Asean Securities (Aseansc): Market sentiment gradually stabilized after 3 sessions, liquidity in the afternoon session increased slightly compared to yesterday's session.

However, Aseansc reserves the potential risk from the VN-Index increasing without accumulation. Therefore, Aseansc recommends investors to stop buying and note to set profit-stopping levels if the position reaches a profit rate of over 10 - 15%.

Vietcombank Securities (VCBS) : Short-term investors can consider partial profit-taking in stocks that are showing signs of weakness and have had a good uptrend in recent times. Only maintain the proportion of stocks that have had a good discount after the adjustment period and have signals of attracting cash flow in industries such as retail and construction.

VN-Index is still in a medium-term uptrend, but the probability of short-term fluctuations and corrections with an amplitude of 10-20 points still needs to be taken into account.

Stock news

- FDI capital in Vietnam reached 6.17 billion USD, with Singaporean investors leading. According to the report of the Foreign Investment Agency (Ministry of Planning and Investment), as of March 20, 2024, the total newly registered capital, adjusted capital, and capital contribution and purchase of shares and capital contributions by foreign investors reached more than 6.17 billion USD, an increase of 13.4% over the same period in 2023.

In terms of investment partners, there were 62 countries and territories investing in Vietnam in the first 3 months of 2024. Of which, Singapore took the lead with a total investment capital of more than 2.55 billion USD, accounting for 41.3% of total investment capital, up 51.3% over the same period in 2023. Hong Kong (China) ranked second with more than 1.05 billion USD, accounting for 17.1% of total investment capital, nearly 2.3 times higher than the same period.

US stocks fell for a third straight session. US stocks fell for a third straight session on Tuesday (March 26), marking the third consecutive session of decline, as investors awaited a key inflation report due later this week .

Source