The stock market gained the most in 23 sessions, foreign investors reduced selling, should investors “buy and chase”?

The cash flow continuously poured into the market, combined with foreign investors “turning the car” back to disburse, significantly narrowing the net selling momentum and helped the stock gain well.

The stock market had a very exciting first session of the week, the VN-Index “started” with a strong increase towards the end of the session and closed at the highest point. Cash flow continuously poured into the market combined with foreign investors “turning the car” back to disburse, significantly narrowing the net selling momentum, helping the stock increase well. VN-Index closed up 13.13 points (equivalent to 1.26%) to 1,053.44 points.

This is the strongest increase in 23 sessions, since April 3. Liquidity on HoSE increased by 34% compared to the last session of the week, matched value reached 9,243 billion dong.

Green color was recorded in most groups of banking, securities, real estate, steel, and fertilizer codes, thereby becoming the leading force, bringing the index easily back to the important point level of 1,050.

In terms of contribution, VN30 basket today ended with 26 stocks gaining consensus, helping to pull the market up well. On the other side, only NVL and TPB decreased while VPB and PLX stood at reference.

Specifically, looking at each stock separately, VCB bank shares increased well by 3.6% to VND105,000/share, thereby contributing nearly 3.8 points to the VN-Index. Some other banking codes such as BID, TCB, STB, ACB also performed positively, thereby contributing 1.6 points, 0.6 points, 0.3 points and 0.3 points respectively to the market.javascript:void(0)

Besides, two blue-chips VNM and GVR gained well and contributed a total of nearly 2 points to the market’s main index. Other big players like GAS, MSN, HPG, VIC had a positive gaining session, helping VN-Index to break out even more.

According to Mr. Nguyen Hoang Hiep, Head of Macro and Market Strategy – DSC Analysis Center, the market reaction shows that there is demand, however, stocks are still strongly differentiated and have not yet led. explicitly of the pillar group. This means that there is no room for VN-Index to bounce back to the old peak and it is likely that VN-Index will move sideways in May.

However, a sideways market does not mean a lack of investment opportunities. Mr. Hiep said that small and medium-cap stocks are showing good momentum, VN-Small and VN-Midcap indexes are improving. Along with that, the market structure is also gradually improving as the percentage of stocks breaking medium-term resistance (MA200) is gradually increasing.

On the other hand, the market margin is currently at low level, plus the market had a long correction phase in April until the first few sessions of May, the index will easily move in the up direction. sideway up with a goal of between 1,060 and 1,070 points.

Recommending action for investors, the expert from DSC believes that short-term surfing can be achieved by focusing on buying in groups of mid-cap stocks. The disbursement plan prioritizes the main groups of money-absorbing industries such as real estate and securities.

In addition, for value investors, when the market lacks confidence and money is not coming in like now, it is quite suitable to buy long-term value investment stocks and hold for more than 1 year. . With stocks of this type, investors need to consider the individual stories of businesses to find companies with good growth potential and cheap valuation (P/B<1, P/E<8)

Phuong Linh/Market Lifestyle