► Some stocks to watch on October 10
VN-Index will re-establish short-term uptrend
On the trading session of October 9, the stock market opened in green. Although there was a tug-of-war in the morning session, the increase was expanded in the afternoon session and at the end of the trading session on October 9, VN-Index increased positively by +9.87 points (+0.78%) to 1,281.85 points. HNX-Index closed at 231.77 points (+0.25 points, equivalent to +0.11%). Market breadth was in favor of buyers with 203 stocks increasing in price, 95 stocks decreasing in price, and 65 stocks remaining unchanged at HOSE. HNX traded with 71 stocks increasing in price, 67 stocks remaining unchanged and decreasing in price.
Liquidity on the HOSE remained the same as the previous trading session when the matched volume was -1.07% and decreased -34% on the HNX. The Chemical - Rubber - Fertilizer stocks also had impressive developments such as: DGC (+0.97%), CSV (+1.49%), DCM (+1.86%), DPM (+1.44%), BFC (+2.11%), GVR (+1.71%), DPR (+0.93%)... The Residential Real Estate stocks traded in green with: DXG (+1.31%), HDC (+1.80%), CEO (+1.32%)... The Industrial Park Real Estate stocks improved with: LHG (+1.41%), SZC (+3.44%), KBC (+1.62%), VGC (+2.22%), SZL (+3.03%)...
Notably, in the session of October 9, some other industries witnessed many codes with different scores such as Electricity and Water with POW (+1.17%), GEG (+1.30%), VSH (+1.39%)... however, stocks such as BWE (-0.66%), CHS (-1.70%)... The Oil and Gas industry group decreased with PVS (-1.20%), PVD (-1.25%), OIL (-1.60%), PVC (-1.50%), PVB (-0.98%)... Most of the stocks in the Retail industry had a red trading session, specifically MWG (-1.53%), PET (-0.19%), AFX (-0.82%)...
According to experts from Agribank Securities Company (Agriseco), on the technical chart, VN-Index expanded its increase range and bounced from the balance zone around the 20-day MA. Slightly improved liquidity and widespread green color could be the driving force to help the index extend its upward momentum before divergence. Agriseco Research expects VN-Index to re-establish a short-term uptrend and move up to the 1,300-point zone in the coming sessions.
“Investors should continue to hold their portfolios and can open T+ trading positions during the session’s fluctuations. Prioritize industry groups that are expected to see growth in Q3/2024 business results, such as banking, retail, and livestock. Note to maintain a low proportion of short-term positions to manage portfolio risks,” said an expert from Agriseco.
Investors continue to prioritize caution, limit additional purchases
According to the analysis team of ASEAN Securities Company (ASEANSC), the cash flow is ready to join, creating a higher consensus. The market's upward movement has slowed down with the process of accumulating fluctuations alternating with the upward momentum, after reaching a good balance at 1,270 points. The index continues to fluctuate around 1,283 points and tends to retest the old peak of 1,300 points. Although the increase is not too large in many industry groups, green has covered the market and demand has improved, showing that the risk of the trend has gradually decreased. Investors can increase the proportion, focusing on stocks with good fundamentals and positive Q3 business results, but avoid short-term buying.
“In the medium and long term, we maintain a positive assessment of the market outlook, however, investors should be aware of potential risks that may come from negative information from the US stock market in the coming time, so it is necessary to closely observe the world markets to confirm how long the uptrend can continue. Investors should focus on stocks with good fundamentals, and have cash ready to disburse when these stocks reach attractive levels,” said the ASEANSC expert.
Experts from Kien Thiet Securities Company (CSI) assessed that VN-Index had a good increase in points, but liquidity has not really exploded strongly, so the reversal signal has not been clearly confirmed. The positive point is that green has the second session dominating the industry groups (16/21 industry groups increased points). In particular, many large-cap, market-sensitive groups all had good increases such as: Securities, banking, residential real estate, steel.
“Because there is no confirmation of a trend reversal signal, investors should continue to be cautious, limit additional purchases and only increase the proportion of stocks purchased at 1,280 points last week and have made profits. Total buying power needs to patiently wait for further confirmation signals, although the expectation of surpassing 1,300 points this time is still quite high,” CSI experts recommended.
Source: https://vov.vn/thi-truong/chung-khoan/nhan-dinh-chung-khoan-1010-nha-dau-tu-nen-than-trong-han-che-mua-them-post1127298.vov
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