[ad_1]
A facility of Bình Sơn Refinery (BSR). BSR declined 13.6 per cent final week. VNA/VNS Picture
HÀ NỘI — Analysts anticipate the market’s restoration span to develop this week because the group of shares which have fallen sharply not too long ago began to obtain demand by absorbing the low-price shares.
On the Hồ Chí Minh Inventory Change (HoSE), the market benchmark rose 0.66 per cent, to finish Friday at 1,379.23 factors.
The index had misplaced 5.44 per cent final week.
A mean of 772.7 million shares had been traded on the southern trade throughout every session final week, price VNĐ23.6 trillion (US$1.03 million).
“The market closed the third straight shedding week final week with a comparatively constructive inexperienced territory. The buying and selling motion continued to indicate robust dispute close to the value channel of 1,375-1,385 factors of VN-Index and recorded a assist sign of cash move on this space,” stated Việt Dragon Securities Co.
“Notably, the group of shares which have fallen sharply not too long ago additionally began to obtain demand to soak up the low-price shares. The market’s restoration span could proceed within the close to future. Due to this fact, traders may anticipate the market’s restoration span to develop,” it stated.
“The shopping for motion must be thought-about extra carefully concerning the dynamics of money move to purchase actively in shares,” it stated.
“The market continued having robust disputes however there have been assist indicators from money move. With this motion, the market’s restoration could proceed within the close to future.
“Due to this fact, traders can anticipate the restoration span to be expanded, that is additionally a chance to restructure the portfolio within the route of decreasing the danger stage,” it stated.
“The rising market liquidity exhibits that traders are in search of alternatives within the low-price shares,” stated MB Securities Co.
MBS recommends that traders can proceed to carry the portfolio and observe market actions on the assist zone of 1,350 – 1,370 factors. In an optimistic situation, the market could get better to 1,425 factors.
Saigon-Hanoi Securities Joint Inventory Firm (SHS) stated that the market had fallen for the third consecutive week with a lower of greater than 9 per cent final week. The closest time market fell for 3 consecutive weeks was in July 2021 with a lower of 10.7 per cent. After that, the market recovered and gained fairly positively.
Final week seemed to be comparatively unfavorable for the VN-Index as there have been 4 consecutive dropping classes and just one restoration session on the finish of the week. This precipitated the VN-Index to lose the necessary technical assist stage round 1,420 factors, stated Sài Gòn-Hà Nội Securities Co.
“Luckily, the elevated demand across the assist stage of 1,350 factors helped VN-Index slim the drop,” it stated.
SHS believes that the 1,350 factors stage shall be an necessary space to watch this week, but when this assist will be maintained, the market could get better once more, with the resistance zone within the vary of 1,400 -1,420 factors.
Oil and fuel shares had the most important drop prior to now week. Shares with robust corrections included Việt Nam Nationwide Petroleum Group (PLX), shifting down 8.4 per cent, Bình Sơn Refinery (BSR) declining 13.6 per cent, PV Oil (OIL) shedding 18.6 per cent, PetroVietnam Drilling and Properly Providers Company (PVD) down 22.8 per cent and PetroVietnam Technical Providers Company (PVS) down 23.1 per cent.
Metal shares additionally fell with Hoà Phát Group (HPG) down 0.9 per cent, Hoa Sen Group (HSG) shedding 9 per cent and Nam Kim Group (NKG) falling 12.3 per cent.
Securities shares had been additionally hit comparable to VNDirect Securities (VND) down 6.1 per cent, Hồ Chí Minh Metropolis Securities Firm (HCM) down 9.8 per cent, SSI Securities (SSI) down 9.9 per cent. VNS
[ad_2]
Source link