Market Report Week 08 - A break is necessary for sustainable growth
23/02/2024

Summary

Highlights:

At the 2024 Online Conference on Boosting Bank Credit held on February 20, leaders of many commercial banks requested that the State Bank of Vietnam continue to extend Circular 02/2023/TT-NHNN on debt restructuring and debt deferral for another 6 to 12 months to help both customers and banks have better conditions for debt repayment.

 

Technical view: On the weekly chart, VNINDEX closed at 1,212 (+2.3 points, +0.19%) but profit-taking pressure appeared strongly on Friday along with a sharp increase in liquidity. Price momentum indicators all show that a correction is underway. The market is expected to retest the 1200 area corresponding to the EMA 20 in the coming week.

 

Investment Ideas: Investors should consider investing in the banking, export, and real estate sectors. However, investors should wait for the market to rebound before buying new.

 

  • Movement of cash flows and capital flows
  • Top stocks worth noting
  • Macro data
Category
Weekly
Author
Hoang Nam
Details

Page: 9

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