Risk management waiting for the market to stabilize

Investment Comments

East Asia Securities (DAS) : VN-Index temporarily holds the psychological mark of 1,200 points and may extend its recovery momentum in the coming sessions.

Investors should consider reducing stock weight to average levels during technical recovery sessions, managing risks and waiting for the market to stabilize.

Dragon Viet Securities (VDSC) : Current support signals may help the market continue to recover in the near future. However, this temporary recovery is technical and re-testing the supply, the resistance zone to note is the 1,240 point area.

Investors can expect the market to recover but still need to be cautious because risks are still hidden. Currently, they should prioritize stocks that are showing good signals from the support zone, while continuing to consider the recovery phase to take profits or restructure the portfolio to minimize risks.

Beta Securities : VN-Index is in a short-term correction trend as the index is below important short-term averages. Technical indicators maintain negative signals, indicating that the risk of a short-term decline is still high. Currently, the 1,200-point mark is acting as support for VN-Index.

In the current period, it is likely that the pressure of fluctuations/adjustments will remain high, so investors should be cautious in using leverage to somewhat limit short-term risks.

Stock news

- The Canadian market is promising, what should businesses pay attention to? According to newly announced information from the Vietnam Association of Seafood Exporters and Producers (VASEP), in the first half of March 2024, Vietnam's pangasius exports to Canada reached 2.3 million USD, up 7% over the same period last year.

- VASEP believes that Canada is a large consumer market with high demand for seafood products, especially pangasius. Canada strictly inspects imported goods, so businesses need to understand the regulations and comply with all requirements to successfully access this market.

Gasoline price adjustment soon, may exceed 25,000 VND/liter? Domestic gasoline price in the adjustment period on April 17 is forecast to increase. If the Price Stabilization Fund is not affected, gasoline price may increase from 340-390 VND/liter. Accordingly, RON 95 gasoline price is likely to exceed 25,000 VND/liter .

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