Don't panic sell

Người Đưa TinNgười Đưa Tin19/03/2024


Investment Comments

KB Securities Vietnam (KBSV) : Although the uptrend is still being maintained and the opportunity for recovery is still open, the weakening of demand and the lack of a leading group will cause the probability of VN-Index surpassing the peak to decrease and the risk of reversal to increase.

Investors are advised to avoid chasing during recovery sessions, can sell to take profits in parts and reduce the proportion of trading positions when the index approaches the next resistance zone around 1,300 (+/-10 points).

Vietcombank Securities (VCBS) : In a positive scenario, VN-Index will continue to trade sideways with an amplitude of 40 points and this strong decline can be considered an ST session (secondary test) in a flat correction wave.

Investors should be cautious and not panic and sell stocks in strong sessions like March 18. Investors should take advantage of the opportunity to disburse stocks in sectors that are still attracting stable cash flow and maintaining support areas such as real estate, banking, and securities.

BIDV Securities (BSC) : In the coming sessions, VN-Index may trade in the range of 1,220 - 1,245 points. Investors can watch this adjustment to restructure their portfolios.

Stock news

- The Fed is expected to keep interest rates unchanged at its March meeting: This will be a particularly interesting indicator. This week, the US Federal Reserve (FED) meeting will be the focus. Due to some hot inflation data, the FED is likely to keep interest rates unchanged after its policy meeting on March 20.

But what investors are paying more attention to is the central bank’s updated dot plot, which shows the forecasts of each member of the interest rate-setting committee. While most expect the Fed to keep its three planned rate cuts this year, some are worried that the central bank will cut less after seeing a series of hot inflation reports.

- Forecast for September 2025, FTSE Russell will officially upgrade Vietnam's stock market? BSC has just made a forecast on the progress of upgrading Vietnam's stock market. According to BSC, in March 2024, FTSE will have an assessment period and by September 2024, the Vietnamese stock market is likely to be officially upgraded by FTSE. And by September 2025, FTSE will officially upgrade Vietnam's stock market to an emerging market. Meanwhile, it is likely that by June 2025, it will be included in MSCI's watch list .



Source

Tag: VNIndex

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