Ending a trading week with many turbulent news from Covid’s resurgence, but, in general, the VN-Index still increased slightly by 2.42 points compared to the previous week, when it closed at 1,241.81 points. . In contrast, the HNX-Index lost 1.9 points to 279.86 points.
Last week, the market had a differentiation in leading codes. Four stocks of banking stocks rose sharply, including: TCB of Techcombank increased to 14.8% during the week; CTG of Vietinbank increased by 7.4%; VIB of VIBBank and VPB of VPBank increased by 5.6% and 5.1%, respectively. While some banking codes also belong to large-cap group like VCB, BID fell slightly.
Leading consumer stocks such as Sabeco and Vinamilk fell 7-8%, negatively affecting the main indices.
On the HNX, there are a few stocks “storming” with an increase rate of over 40% such as the code THS of Thanh Hoa Song Da Company with an increase of 45.4%. This is the 11-ceiling session in a row, although the trading value is not much. Or JSC shares of Hoang Kim Group Tay Nguyen Corporation increased 40.4%.
While on the floor of Ho Chi Minh City, the stock code dropped the most, including ABS, of Binh Thuan Agricultural Service Company. Accordingly, the price of ABS shares plunged for 6 consecutive sessions, down from VND 75,000 / share to VND 48,750 / share.
Last week, the US stock market set a record last week, with an increase of 0.7%, to 34,777.76 points of the Dow Jones index and the S&P 500 SPX also increased by 0.74% and also made a high. the new record is 4,232.6 points. Or the Nasdaq Composite rose 0.88% to 13,752.24 points. This information is considered as investors expect that the US Federal Reserve will maintain more easing conditions, so the possibility that interest rates will increase in the coming time will not be shown.
Regarding movements of the stock market next week, securities companies believe that the market will be positive if the Covid-19 translation is controlled.
KIS Securities Vietnam Joint Stock Company – KIS believes that the main risk is still Covid 19, investors can consider and wait for more signals. The VN-Index may continue to retest the threshold of 1,200 points. If the situation stabilizes, the expectation at 1,300 points will be the resistance this week.
Bank for Investment and Development of Vietnam Securities Company said that the cash flow is showing signs of weakening. Foreign investors remained net sellers. Liquidity increased strongly when the VN-Index fell below 1,231 points, so the market is likely to accumulate. Investors can restructure their portfolios at this level.
According to an analyst of Saigon – Hanoi Securities Joint Stock Company (SHS), the market is forecasted to drop to a lower area to find bottom fishing demand next week. Accordingly, the transaction value on the floor of Ho Chi Minh City increased by nearly 23%; while on the Hanoi bourse, the trading value increased only 4.1% from the previous week.
Meanwhile, commenting on the stock market in May, SSI Securities Joint Stock Company said that in the short term, Covid-19 recurrence risk exists and commodity prices are high, creating pressure on inflation. play. So the need for risk management equals two scenarios that recommend investment for short-term transactions.
Scenario 1 is more optimistic, the current important resistance level is 1,260 -1,262 points, along with the increase in liquidity, the VN-Index is likely to head to the zone of 1,350-1,400 points. Scenario 2, if reversing, VN-Index will face the pressure of many risks, investors need to wait for market’s reactions at support areas. The close support zone is 1,220 points and the strong support zone is 1,200 points.