The market increased well at the beginning of the session and gradually differentiated towards the end of the session due to increased selling pressure, liquidity was still high at over 20,000 billion VND on all three floors.
At the end of the trading session on July 14, VN-Index increased by 2.98 points, equivalent to 0.26% to 1,168 points. The entire floor had 220 stocks increasing, 192 stocks decreasing and 89 stocks remaining unchanged.
HNX-Index increased by 0.22 points, equivalent to 0.1% to 230.19 points. The entire floor had 79 stocks increasing, 83 stocks decreasing and 70 stocks remaining unchanged. UPCoM-Index increased by 0.08 points to 86.29 points. The VN30 basket alone recorded 19 stocks increasing in price.
The total matched value of the entire market reached VND23,468 billion, up 34% compared to the previous session, of which the matched value on the HoSE floor alone increased 42% to VND20,878 billion. In the VN30 group, investors transferred VND8,532 billion.
Investment Comments
VCBS Securities: Looking at the hourly chart, the two indicators MACD and RSI are still in the high zone, showing a high probability that the market may still experience larger fluctuations.
With the current developments, if VN-Index continues to trade differently, accumulate and surpass the 1,170 point area, the market will continue to move up to the 1,200 - 1,210 area corresponding to the 0.786 mark of the scale.
Phu Hung Securities: From a technical perspective, the VN-Index has its sixth consecutive session of increase. Trading volume increased above the 10- and 20-session averages, implying that cash flow is active. Not only that, the index maintained its closing above MA5, along with the MA5, 10, 20 clusters in a positive divergence state, indicating that the recovery trend is continuing.
Overall, the market is maintaining a short-term recovery trend after the increase on July 14. Therefore, investors can continue to take short-term trading positions, prioritizing stocks with good fundamentals, forecasted growth in Q2 business results, and attracting strong cash flows.
Rong Viet Securities: Despite the strong fluctuations during the session, the market continued to be supported and maintained its upward trend, while many industry groups were in the green. Overall, cash flow is still trying to support the market to increase. With this move, we can still expect the market to increase in the near future, but the developments will be slow and there will be a state of supply and demand disputes.
Therefore, investors still need to observe market developments to evaluate the efforts of cash flow. Currently, it is possible to hold and exploit short-term opportunities in stocks that are showing good technical signals from the accumulation base. However, it is still advisable to consider taking profits or reducing the proportion of stocks that have increased rapidly to the resistance zone or are under great selling pressure from the resistance zone to balance the portfolio.
Stock news
- The cooling of US inflation has led investors to expect the Fed to stop raising interest rates, thereby weakening the USD against a series of major currencies. At the beginning of the trading session on July 13, the Dollar Index - measuring the strength of the greenback against a basket of major currencies in the world - fell to 100.47 points - the lowest since April 2022.
The euro hit a 15-month high against the dollar on the morning of July 14, with one euro worth $1.11. The yen also rose 0.3% against the dollar, to 138 JPY per dollar. This is the strongest level in five months for the Japanese currency. Over the past five sessions, the yen has risen 4.8%.
- HNX said it has completed the construction of the first phase of the private bond trading system. In June this year, the system completed testing with members, the Vietnam Securities Depository (VSD), and is ready for official operation. HNX said the system allows trading members to connect and send orders, supporting electronic agreement orders and regular agreements (transaction reports).
The system allows the exchange of transaction information and depository information with the VSD system. The system allows the lookup of information about the order book, information about bonds, and transaction statistics. The HNX representative also said that the individual bond trading system contributes to promoting market liquidity .
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