The market is likely to continue to rise.

Investment Comments

Yuanta Securities (Yuanta) : The market may continue to increase in the trading session of November 15, but the VN-Index may still fluctuate around the 200-session moving average.

At the same time, the positive point is that the price chart shows signs of entering a period of strong fluctuations in a positive direction. Yuanta expects that short-term cash flow will likely focus mainly on this group of stocks in the next few sessions.

The short-term trend of the general market remains bullish. Therefore, Yuanta recommends that short-term investors can continue to take advantage of the correction to increase the proportion of stocks and make new purchases.

Dragon Viet Securities (VDSC) : The tentative tug-of-war is expected to continue when entering the trading session on November 15. However, supply pressure from the 1,115 point area is still present and could pose a risk of weakening the market.

Investors should slow down to observe the supply and demand situation, and should not chase stocks that have increased sharply for the time being. Currently, it is possible to take advantage of the market's ability to increase points to take profits or restructure the portfolio.

Vietcombank Securities (VCBS) : The 1,080 - 1,100 point zone is currently the nearest support zone. VCBS believes that VN-Index will likely continue its accumulation trend around 1,100 points and during that process, it is not possible to rule out the possibility of retesting the nearest support zone before a new trend appears.

VCBS recommends that investors closely follow market developments in the coming sessions to promptly restructure their portfolios if the market suddenly increases volatility. In case the index tests the short-term support zone around 1,090 points, it could be a good opportunity to disburse funds for short-term surfing purposes.

On the contrary, if the general index continues to trend upward towards higher areas, investors should temporarily limit buying hot stocks.

Stock news

- Cashew nut exports increased sharply. In the first 10 months of 2023, cashew nut exports reached 516,900 tons, with a value of 2.95 billion USD. Accordingly, cashew nut exports increased by 21.8% in volume and 15.9% in value over the same period last year. Thus, our country's cashew industry officially regained its trade surplus position, reaching 430 million USD.

- In October 2023, the total auto market sales reached 25,369 vehicles, nearly equal to September 2023 and down 31% compared to October 2022. Of the total 25,369 vehicles sold, there were 19,624 passenger cars, 5,604 commercial vehicles and 141 specialized vehicles.

- According to preliminary statistics from the General Department of Customs, in the first 10 months of 2023, Vietnam exported nearly 2.4 million tons of cassava and cassava products, earning nearly 1.03 billion USD. Compared to the same period last year, exports of this item decreased by 6.4% in volume and 8.8% in value.

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