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What stocks to buy when the market corrects?

(Dan Tri) – Investors can take advantage of the corrections to disburse more stocks with good foundations such as steel, seafood, fertilizer, industrial real estate, banking, and securities.

Take advantage of the adjustment to disburse

Securities Company Agribank (Agriseco)

After 6 consecutive gaining sessions, the VN-Index saw a correction when it dropped back to the level of 1,502 points. Liquidity on HoSE had a slight decrease compared to the previous session but was still quite high.

Despite having contributed most of the market score in recent sessions, the large-cap group – focusing on share Banks and real estate saw profit-taking pressure with 22/30 decliners in the VN30 basket.

On the other hand, the chemical industry continued to gain strongly, besides the participation of the insurance group contributed to pulling back the market score somewhat.

What stocks to buy when the market corrects?  - first

VN-Index is expected to have an “embedded” rhythm in today’s session before rising again (Screenshot).

Looking at the technical chart, the resistance around 1,510 points continued to cause difficulties for the index’s gaining momentum. With the closing of the session with a pin bar candle, the VN-Index next session may return to fill the gap around 1,490-1,495 points.

Therefore, investors can take advantage of the market’s corrections to disburse more stocks with good foundations and growth potential in the medium and long term. Agriseco recommends focusing on industry groups that are attracting cash flows such as industrial real estate, banking and fertilizer.

The uptrend of VN-Index has not changed

Company Stock Saigon Hanoi (SHS)

After 6 consecutive gaining sessions, the market finally corrected slightly on March 23. The matching liquidity declined and was slightly below the 20-day average, showing that yesterday’s selling pressure was not really strong. The positive point is that foreign investors net bought for the third consecutive session with more than 1,000 billion dong on 2 exchanges.

From a technical perspective, with this slight decrease, the uptrend of VN-Index has not changed with the index still ending above the psychological level of 1,500 points as well as the support area of ​​1,485-1,490 points (MA20). -50).

Therefore, SHS is still optimistic about the current trend and in the next trading session on March 24, VN-Index may recover to gradually narrow the gap with the next resistance around 1,520 points (peak). February). Investors who bought into the support zone of 1,425-1,450 points last week can continue to hold the current portfolio.

High liquidity is an opportunity for securities stocks

MB Securities Company (MBS)

The matching liquidity on HoSE yesterday decreased to 24,379 billion dong, compared to 26,713 billion dong on March 22 and the average level of 20,884 billion dong last week. A total of 789 million shares were successfully transferred compared to the average of 810 million shares 10 days earlier.

The positive signal now is that market liquidity continues to be kept at a high level, besides that, foreign investors have returned to strong net buying after the restructuring period of ETFs.

Investors continued to pay attention to stocks with positive business prospects in the first quarter thanks to benefiting from the prices of basic commodities such as steel, seafood, fertilizer, etc. Besides, the market exceeded the psychological threshold. 1,500 points and high liquidity today is also an opportunity for securities stocks.

Move sideways around 1,505 points to accumulate, gain momentum

BIDV Securities Company (BSC)

The market is slowing down before the psychologically hard area of ​​1,505 points, VN-Index ended the session down 1 point even though it tried to bounce back to 1,515 points during the session. The decline of large-cap stocks (22/30 VN30 stocks were in red) made the market unable to keep the green color. Market breadth tilted to the negative side with 8/19 sectors gaining. Regarding the transactions of foreign investors, yesterday they were net buyers on both HoSE and HNX.

In the next sessions, the market may continue to move sideways around 1,505 points to accumulate, gain momentum and bounce back to the resistance area of ​​1,520 points; if not, the market might return to accumulate around 1,485 points for a few sessions because the index has gone far away from the short-term MA lines and might come back to test these lines.

Take a step back to find balance

Rong Viet Securities Company (VDSC)

The market’s uptrend continued to slow down at the resistance zone of 1,510-1,515 points. However, in general, the market was still trading with a relatively optimistic sentiment in the buying afternoon, reflected in the somewhat higher liquidity in the morning. Moreover, the liquidity also tended to increase slightly in the last minutes of the session, showing a slight bottom-fishing signal.

However, VDSC believes that, with more obvious profit-taking pressure, it is likely that the market will temporarily step back to find a balance point. Therefore, investors need to observe and re-evaluate the market during the correction. However, it is still possible to consider participating in some stocks that are attracting cash flow on a positive accumulation basis.

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

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