Raising the proportion of the portfolio's available stocks

In the week from 6 to 10 October, VN-Index recorded a recovery and increased by more than 100 points after adjusting to the 1,640 points in the first session of the week. The outstanding and important event for the stock market that took place the last week was FTSE Russell changing the status from Frontier to Secondary Emerging for Vietnamese stocks on October 7, which contributed to creating great momentum for the VN-Index during the week.

Liquidity improved compared to last week ( 19%) and the large-cap group recorded impressive increases, especially Vingroup stocks. Foreign investors are still in a net selling trend, but there have been signs of cooling down compared to previous weeks.

In the last session of October 10, VN-Index continued the inertia of increasing points in the session of October 9 and opened the session with a gap up of nearly 9 points. After that, the index continued to move up to 1730 and fluctuated around this level until the end of the morning session. Keeping the pace for the market were large-cap stocks, typically VHM, HPG, GEE, and some banking codes.

In addition, the Steel and Public Investment-Construction groups also attracted cash flow again after many stocks showed signs of successful support testing. In the afternoon session, the VN Index accelerated and approached the 1750 mark thanks to positive developments in the Vingroup group (VIC and VHM hit the ceiling, VRE 6.18%). Foreign investors net sold with a total net value of VND 459.89 billion, mainly selling VPB, CTG, and MSN.

At the end of the session, the VN-Index closed at 1,747.55, up 31.08 points, equivalent to 1.81%. At the end of the week, the VN Index increased by 101.73 points (6.18%) compared to the previous week.

VN-Index ended the weekend session with a white Marubozu candlestick and increased by more than 31 points thanks to strong momentum from Vingroup stocks.

On the daily chart, VN-Index moved above the Tenkan line of the Ichimoku cloud and headed up, while the MACD and RSI indicators were both moving up, contributing to strengthening the market's uptrend. With the improvement of active buying liquidity in recent sessions, it is expected that VN-Index will continue to conquer higher points next week.

On the hourly chart, VN-Index closely followed the upper border of the Bollinger band and headed up; the DI and ADX lines agreed to anchor at a high level above 25. Currently, key indicators such as RSI and CMF continue to move up, thereby strengthening the uptrend of the VN-Index in the short term.

VN-Index recorded an impressive week of gains led by blue-chip stocks. However, the momentum in the large-cap group has not yet spread strongly to the market when most stocks are still moving sideways, accumulating, or retesting support zones. Accordingly, cash flow also moves differently with 177 green codes and 125 red codes.

VCBS recommended that investors maintain or consider increasing the proportion of stocks available in the portfolio when these stocks show convincing signs of overcoming resistance. At the same time, investors should take advantage of the rotation of cash flow in the market, select, and disburse with the goal of short-term investment in stocks that are attracting cash flow with clear signs of increasing active buying liquidity. Some stock market sectors that should be noted at this time include banking, public investment, construction, and retail sales.