After a long period of fluctuating within a narrow range around the 1,100-point price range, the stock market traded positively last week (December 4-8). Cash flow supported the VN-Index to increase by 2.02% compared to the previous week to 1,124.44 points. Similarly, the HNX-Index increased by 2.18% to 231.20 points.
During the week, liquidity on HOSE increased sharply by 59.9% compared to the previous week. The trading session on December 7 recorded a trading volume of nearly 1.3 billion shares, the highest since September 2023. HNX liquidity also increased by 68.4% compared to the previous week. In contrast, foreign investors net sold VND 3,954 billion on HOSE and VND 73 billion on HNX.
The highlight of the week came from large-cap stocks, notably in the retail sector with MWG (+9.94%), MSN (+7.64%), PET (+5.03%)... The banking group, after a period of being less active than mid-cap stocks, also had a positive trading week, with improved liquidity, with most of them increasing in price well.
Meanwhile, the real estate group was more diversified with many codes increasing well such as L14 (+8.14%), DIG (+6.57%), NTL (+6.46%), PDR (+6.30%)... Codes decreasing in price included LDG (-12.17%), SJS (-5.22%), VHM (-3.06%)...
The market is still in the second recovery phase after a deep decline. The analysis team from SHS Securities Company believes that VN-Index will gradually form a new accumulation base. In the short term, the index will soon surpass the resistance level around 1,130 points to move towards the 1,150 point area. The medium-term trend of the index is to find a balance point to accumulate again, in the positive scenario it is the 1,150 - 1,250 point area, in the worse scenario it is the 1,100 - 1,150 point area.
"In general, in the current macro context, if the market finds a balance and creates an accumulation base to wait for the next macro movement, it is also a suitable move. Medium-term investors can still increase their proportion. The disbursement direction should be to choose leading stocks with good fundamentals and stable growth potential that are moving in the current accumulation state" - SHS assessed.
According to experts from Kien Thiet Securities Company, positive signals are still dominant. Investors should hold their portfolios, even taking advantage of strong market fluctuations (if any) to increase the proportion of stocks that have made profits when VN-Index tests the support level (1,102 - 1,106 points) next week. The resistance level next week is expected to be between 1,137 - 1,145 points.
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