Vietnam Insight

Highlights:

The State Bank announced that by the end of 2023, outstanding debt for the real estate sector is about 2.75 quadrillion VND, an increase of about 6.75% compared to the beginning of the year.

The US consumer price index (CPI) in January increased by 0.3% MoM and increased by 3.1% YoY. This result was higher than forecasts from economists polled by Dow Jones (which are up 0.2% MoM and 2.9% YoY). 

Technical view: VNINDEX closed at 1,209.70 (+11.17 points, +0.93%) on the weekly chart. Although it only traded for 2 days, the liquidity during these 2 days was much higher than the trading sessions last week. The index has officially surpassed the resistance zone of 1,200 and is moving towards the nearest resistance zone of 1,220 and then 1,250. The market is continuing its medium-term uptrend and is supported by technical indicators such as MACD and RSI.

Investment Ideas: Investors should prioritize holding stocks with improved business results and have not increased strongly. Investors should limit chasing when the market has had a strong increase recently. Industry groups that led the market in the previous period such as banking and real estate have shown signs of slowing down.

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