Stocks this week: Should you catch the bottom in the middle of a deep drop?

Last week, speculative stocks extended their losing streak for four consecutive sessions and showed signs of creating a short-term top while the VN30 basket no longer played a leading role because of strong selling pressure from banking, retail and real estate codes. Products. The index representing the Ho Chi Minh Stock Exchange therefore experienced two sessions of rapid slide, wiping out the accumulated gains from the beginning of the month to close at 1,482 points.

The red color is often overwhelming, the liquidity in each session tends to decrease and the fear of rumors still exists after the holiday, which is considered by many analysts to be the factors that cause the market to face the risk of further decline in the week. this.

According to an expert of MB Securities Company (MBS), the VN-Index’s decline did not come from the world market, but the pressure to discharge speculators was the main reason. Therefore, Investors should not fish at the bottom, but on the contrary, must prioritize portfolio management.

“Normally, the market will have a technical recovery session after the deep decline sessions. Investors can take advantage of it to restructure their portfolio”, expert MBS recommended.

Sharing the same opinion, the analysis team of Yuanta Vietnam Securities Company (YSVN) and Kien Thiet Vietnam Securities Company (VNCS) believe that the market may recover at the beginning of the week but investors should still not increase the proportion. share. The large-cap group is about to enter the short-term accumulation phase, and the risks from the small- and medium-cap group are gradually becoming clear, so investors even have to resolutely cut losses in stocks that touch the safe threshold to protect capital.

Analyzing further on the basis of the recommendation, VNCS experts said that the two strong decline sessions were not enough to form a downtrend, but they did give off some signals that the previous uptrend had slowed down. VN-Index has been moving sideways at the peak for the past three months and has not had a significant correction, so the probability that the index will drop to 1,430 points this time in the midst of a “storm” of negative information is not nonexistent.

Some securities companies believe that this period is the right time to disburse for long-term positions. Although it is also forecasted that the downtrend will continue and VN-Index will drop to 1,455 points, or lose about 30 more points.

According to the analysis group Dong A Securities (DAS), many stocks with attractive discount rates after two deep decline sessions and the fact that investors have 3 days off to reassess investment opportunities are stimulating factors. bottom-fishing buying power this week.

This group recommends investors consider keeping the portfolio of holding stocks, avoiding selling off when the market corrects. The disbursement for the long-term portfolio may revolve around the VN30 basket and banking stocks with the expectation that this year’s business results will continue to increase well.

Similarly, an expert of Rong Viet Securities said that the price level in the previous sessions was not really attractive, so investors can look forward to the upcoming corrections to disburse into stocks that accumulate well and attract investors. get cash flow. This group also warns investors to be careful with speculative and high-risk stocks.

With a more neutral view, Vietcombank Securities Company (VCBS) expects cash flow to return to large-cap stocks – which have had a rather deep discount in the past week. The index might test the support zone near 1,470-1,480 points and wait for the balance between supply and demand to return to 1,500 points. Investors who follow the short-term surfing school can therefore disburse a small proportion of the market’s leading stocks. Meanwhile, those who want to hold medium and long term need to wait patiently for a more stable price level before entering the market.

Eastern