Investment comments
BIDV Securities (BSC) : VN-Index recovered on February 26 and closed at 1,224.17 points, up more than 12 points compared to yesterday. Market breadth was positive with 13/18 sectors gaining points, of which the chemical sector led the increase, followed by the information technology sector, financial services, etc.
Bottom fishing cash flow appeared at the 1,210 threshold but liquidity decreased sharply compared to the previous session, showing that market sentiment is still cautious.
In the short term, VN-Index may recover after the correction to the 1,250 point threshold, but it will not avoid fluctuations.
Saigon - Hanoi Securities (SHS) : The 1,250 point threshold will continue to be a strong resistance that VN-Index will not easily overcome in the short term. In the medium term, it is very likely that VN-Index has reached the upper threshold of the accumulation channel and started to distribute to enter a downtrend (in the short term, there may still be a recovery).
From a short-term perspective, although VN-Index has recovered, to be able to overcome the strong resistance of 1,250 points, SHS believes that the market will continue to have unusual movements in the coming time in the direction of strong shaking and accumulation for a long enough time and therefore SHS does not highly appreciate the possibility of VN-Index surpassing 1,250 points soon.
Short-term investors should be cautious at the current stage because VN-Index is moving at a high score in the medium-term accumulation channel and has sent out correction signals, so short-term risks are increasing.
East Asia Securities (DAS) : The market has only adjusted for one session (February 23) but money has already entered the market as if afraid of missing an opportunity. VN-Index continues its upward trend to the 1,250 point zone with the support of large-cap stocks as demand for this group is very strong. The VN30 group leads the market.
For the market to continue to rise, the demand in the next sessions must be strong enough to absorb the large volume of stocks matched at high prices in the recent correction session.
2024 is forecast to be quite favorable for the stock market when the macroeconomic environment is supporting the market: The two groups of banking and securities benefit from low interest rates; solutions to promote public investment bring expectations to the groups of infrastructure construction, construction materials and real estate.
Stock news
- Global debt hits record high: This is the country with the highest household debt ratio in Southeast Asia. In the "Global Debt Monitor" report released on Wednesday, the Institute of International Finance (IIF) said global debt increased by $15 trillion by 2023, bringing the total debt to a record high of $313 trillion.
The report said debt-to-GDP ratios in emerging markets hit a new high last year, with the biggest increases recorded in India, Argentina, China, Russia, Malaysia and Saudi Arabia. Demand for borrowing has been rising this year, particularly in emerging markets, as international government bond issuance has increased, the report said.
- The market needs to pay attention to the important week of the world's number 1 economy: The FED's favorite inflation measure will be released on Thursday, a series of financial reports are about to be announced. The biggest challenge for the market next week is expected to come from the latest data on the Personal Consumption Expenditures (PCE) index, the favorite inflation measure of the US Federal Reserve (FED) on Thursday, US time.
A look at consumer confidence and updates on the manufacturing sector will also be in focus this week. A number of quarterly business reports are also due this week, including Salesforce (CRM), Lowe's (LOW), Macy's (M), Okta (OKTA) and Best Buy (BBY) .
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