Market Report Week 41 - Recovery


Key Highlights:

US inflation increased at a slightly faster pace than expected in September. CPI increased by 0.4% MoM, and 3.7% YoY (higher than expected by 0.3% and 3.6%, respectively). However, data from CME group still shows a 93% probability that the FED will still keep interest rates in the next period.

Technical view: This week, VNINDEX closed the week at 1,154.7 (+26.19 points, +2.32%). This recovery has almost eliminated last week's decline. Liquidity remains low while investor sentiment is still cautious, the STOCH RSI indicator is about to cross the signal line, showing that upward price momentum is about to return. Currently the resistance area is 1160, and support is 1110. If the index can completely break out of the 1160 area, there is a very high possibility that the market will continue to move towards 1200.

Investment Ideas: The market correction will create many opportunities for long-term investors wishing to accumulate stocks with good fundamentals. Last week's new buy point was actively recommended by us in our morning call newsletters, and is currently performing relatively well. Our industry group recommends following a number of stories such as: recovery of export group (VHC), rising commodity prices (PVS), and financial group (SSI, STB).

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

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