Viettel Group stocks are currently the focus of attention.
After two consecutive rebound sessions, the VN-Index reversed course and began to correct. Meanwhile, the Viettel group of stocks is a bright spot, with all shares experiencing strong gains.
During the morning trading session on March 26th, the VN-Index opened with a slight increase before quickly reversing course.
After about an hour of trading, the VN-Index fell by around 15 points as most key stock groups such as banking, financial services, insurance, and real estate... all experienced corrections.
At the end of the morning session, the VN-Index fell 17.81 points to 1,640.38 points (-1.07%) compared to the previous session. Similarly, the HNX-Index also decreased by 247.61 points (-0.83%), equivalent to 2.06 points, and the UPCoM-Index decreased by 123.49 points (-0.02%), equivalent to 0.25 points.
In the banking sector, recorded declines were SHB (-1.33%), STB (-2.09%), MBB (-0.58%), VCB (-1.03%), and ACB (-1.89%). In the financial services sector, recorded declines were SSI (-1.3%), VIX (-0.31%), VCK (-2.82%), TCX (-2.83%), and MBS (-1.69%).
Similarly, the oil and gas group saw declines of PVS (-2.84%), BSR (-2.36%), PLX (-2.78%), PVD (-2.36%), and OIL (-3.21%). In the chemical group, DPM (-1.36%), DGC (-3.66%), GVR (-1.97%), VTZ (-0.5%), and LAS (-0.59%) also fell.
The real estate sector included VIC (-0.06%), VHM (-2.21%), DXG (-1.77%), DIG (-1.09%), and VPI (-2.25%).
While the market is trending downwards, the Viettel group of stocks is a bright spot, with VTP (+6.97%) hitting the ceiling price, CTR (+3.26%), VGI (+10.01%) and being the most actively traded stocks on the UPCoM market.
Within the VN30 group, only one stock, VJC (+0.2%), increased, while 27 stocks decreased and 2 stocks fell back to their reference price. Total market liquidity reached over 8,829.347 billion VND with nearly 327,000 shares changing hands.
From a technical perspective, experts at ACB Securities Company believe that the VN-Index's successful conquest of the 1,650-point mark, corresponding to the 200-day moving average, is a positive sign, indicating that demand is gradually gaining the upper hand over the previous selling pressure.
However, in the short term, the index is likely to experience strong consolidation around this price level to test the sustainability of the trend.
If the index holds firm above the 1,650 point level, the market has grounds to form a new recovery wave with the target of reaching the next resistance zone around 1,740 points.
Regarding today's market, experts at SHS Securities Company commented that the market continued its strong upward trend with increased demand at lower prices. The prospect of a de-escalation of the US-Iran conflict, the main cause of the energy supply shock, also fueled the market recovery.
The area below 1,600 points is a price range to consider investment opportunities and to monitor. However, chasing high prices in the coming sessions is not recommended, as short-term demand may not increase further when the VN-Index heads towards the 1,680 - 1,700 point range.
This is a critical area to consider restructuring your portfolio, reducing short-term speculative investments, especially in sectors affected by the current high oil prices.
Global markets saw the Dow Jones index rise 305.43 points (+0.66%) to 46,429.49. The S&P 500 index gained 35.53 points (+0.54%) to 6,591.90. The Nasdaq Composite index rose 167.93 points (+0.77%) to 21,929.83. The pan-European STOXX 600 index increased 1.42% to 587.49, marking its third consecutive day of gains after falling 10% from its record high earlier this week.
