Vietnam Insight

Key Highlights:

Vinhomes was sold at floor price when the market dropped nearly 50 points. Vingroup representative provided more information: On the morning of October 26, a number of international investors participating in the transaction of Vingroup issuing convertible bonds sold Vinhomes shares to complete the investment transaction in bonds. (perform hedging). This is the sale of Hedging (price hedging) between investors in a limited quantity.

Technical view: This week, VNINDEX closed the week at 1060.6 (-47 points, -4.28%). The decrease mainly came from VIC and VHM groups. At one point, VNINDEX touched 1037 in the 6th session but closed at the end of the session when bottom-fishing demand pulled the market back to 1060.

Investment Ideas: In general, the appropriate strategy for traders is to observe more when the market has not accumulated enough. With an investment vision, this is an area that can be bought when the price has been greatly discounted from the peak. However, disbursement should only be in a small proportion for exploratory purposes in a context where market sentiment is still unstable.

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