The market is divided, which industry to choose to welcome the first quarter business results?

Check determine the demand at the support zone around 1,488 points

Securities Company Agribank (Agriseco)

At the end of the trading session on March 24, the VN-Index closed at 1,498 points, 4 points lower than the previous session. Cash flow became cautious when the market adjusted, liquidity decreased by more than 3% with a total transaction value of only about 28,000 billion dong.

The pressure of taking profit in the session mainly affected the codes share banking and real estate sectors. In contrast, aviation, construction, and materials groups remained in green until the end of the session.

Regarding technical analysis, the VN-Index continued to be under pressure at the resistance area and returned to fill the gap as expected. Touching around EMA34 and rebounding with a low candlestick shows that the demand is still weak.

Therefore, forecasting for March 25, Agriseco thinks that the index might find support around 1,488 points to test the demand again. Investors are recommended to continue holding stocks with good foundations.

The market is still backing down but will soon be supported and recovered

Company Stock Viet Dragon (VDSC)

The market struggled and continued to retreat from the resistance zone of 1,510-1,515 points and closed below the psychological threshold of 1,500 points. However, the liquidity was somewhat reduced compared to the previous session, showing that selling pressure is also cooling down.

Moreover, the cash flow seems to be catching the bottom, shown in the divergence between price and volume, especially when the index moves in the down direction.

With a decrease in supply pressure and bottom fishing, VDSC believes that the market is still backing down but will soon be supported and recovered. Therefore, investors need to observe the market’s support movement in the near future. Currently, it is still possible to consider participating in some stocks that are attracting cash flow on an active accumulation basis.

Opportunities focus mainly on small-cap stocks

MB Securities Company (MBS)

The domestic market corrected for the second session in a row under pressure from blue-chips, while midcap and smallcap still maintained their gain for the 8th consecutive session. The VN-Index did not hold the threshold of 1,500 points but the breadth was still quite balanced thanks to positive cash flow in smallcap stocks.

With a relatively balanced market breadth despite the VN-Index and blue-chips correcting, MBS believes that the market is clearly diverging with opportunities focusing mainly on small-cap stocks. Investors continue to pay attention to stocks with positive business prospects in the first quarter thanks to the benefits of basic commodity prices such as steel, seafood, fertilizer, etc.

Retesting the resistance at 1,512 points

Yuanta Securities Vietnam (YSVN)

YSVN believes that the market may return to the uptrend and the VN-Index may retest the resistance level of 1,512 points in the session of March 25. At the same time, cash flow is still diverging among stock groups and cash flow is still trading at a low scale because large-cap stocks have not yet confirmed a clear uptrend in the short-term, while cash flow mainly mainly focused on small and medium-cap stocks. In addition, the short-term sentiment continued to increase, showing that the main short-term strategy is to gradually increase the proportion of stocks.

The short-term trend of the general market is still up. Therefore, YSVN recommends that short-term investors can take advantage of the correction to increase the proportion of stocks.

Recover to regain the psychological threshold of 1,500 points

Saigon Hanoi Securities Company (SHS)

After 6 consecutive gaining sessions, the market corrected slightly in the last 2 sessions with the matching liquidity in these 2 sessions being lower than the average level.

This shows that the selling pressure is not really strong, the index dropped partly due to weak demand at the moment. It is clear that investor sentiment is still cautious, especially at the price level above the psychological threshold of 1,500 points.

From a technical perspective, although it lost the psychological threshold of 1,500 points, VN-Index still ended the session above the support zone of 1,485-1,490 points (MA20-50), so the trend was still maintained, although there was a slight weakening.

Therefore, in the last trading session of the week of March 25, VN-Index may recover to regain the psychological threshold of 1,500 points. Investors who bought in last week when the market dropped to the support zone of 1,425-1,450 points as recommended can continue to hold the current portfolio.

Note: Recommendations from securities companies above are for reference only for investors. Securities companies have also declared to waive responsibility for the above statements.