After the inventory market growth, ought to buyers put cash in?

The principle index ended the week up 28.59 factors (2.34%) to 1,252.23 factors. Overseas buyers actively purchased web VND1,072 billion at HoSE this week, specializing in HDB, KDC, FPT, VNM and MWG. Nonetheless, HoSE liquidity nonetheless decreased by greater than 14% in comparison with final week, as a result of the remaining 4 classes had been gloomy, the money stream “disappeared”.

Information from Saigon – Hanoi Securities (SHS) reveals that essentially the most energetic trade group contributing to the market’s improve is actual property (VHM, TCB, DIG, NVL…).

The group of shares benefiting from public funding traded in inexperienced after the Prime Minister’s course: “Unlock all sources, lead by public funding, activate personal funding”. Securities shares additionally had spectacular developments, sometimes BSI, FTS, VIX, SHS, SSI…

Notably, overseas buyers returned to web shopping for prior to now buying and selling week.

In keeping with SHS, the principle index is regaining the robust psychological help zone of 1,250 factors, and within the quick time period, it has additionally damaged the present short-term downtrend line. VN-INDEX could face short-term profit-taking strain within the early classes of subsequent week earlier than returning to overcome the resistance of 1,250 factors as soon as once more. Equally, VN30 might have to regulate earlier than retesting the resistance zone round 1,290 factors.

Within the medium time period, VN-Index has been fluctuating inside a variety of 1,180 – 1,300 factors because the starting of the yr. If the index can overcome the resistance round 1,250 factors, the medium-term pattern is anticipated to return to the buildup channel of 1,250 – 1,300 factors. Nonetheless, the 1,250 level space is a really thick resistance, not straightforward to beat with the earlier backlog, except there’s a very robust optimistic macro issue to help.