Market Report Week 40 - Liquidity decreased at the support zone


Key Highlights:

Vietnam's GDP growth in Q3/23 reached 5.33%, improved compared to Q2/23 but still low compared to plan and expectations.

Technical view: This week, VNINDEX closed the week at 1,128.5 (-25.6 points, -2.2%). Up to now, since the decline in mid-September, this is the 4th consecutive week of decline along with 3 bull traps. Specifically, when the market recovered a little, it dropped sharply the next session.

Investment Ideas: The market correction will create many opportunities for long-term investors to accumulate stocks with good fundamentals. The new buying point will be safer when the stock price shows signs of increasing from the base after a few accumulation sessions. We assess that the industrial park real estate industry, banking and export-related industries such as seafood, interior materials, etc. will benefit when year-end demand in developed countries increases.

  • Movement of cash flows and capital flows
  • Top stocks worth noting
  • Macro data
Hoang Nam

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