[Market News 30/10/2023] IN THE WORST SITUATIONS, THERE IS STILL A GOOD SIDE

Some important notes:

– Currently, VHM, VRE, VIC, MSN are the market’s trading focus. MSN’s long price decline is due to very strong selling pressure from foreign investors, and similar situations are seen with VRE and VHM. As these are large-cap stocks, they significantly impact the overall index decline, which can cause a negative psychological effect. Therefore, a halt in the decline of this group will bring about a positive effect.

– There are many sources indicating that VHM will be bought back through an agreement in the early days of the week, so we should observe the negotiated transactions of this stock to estimate positive trading for VHM when there is no longer a sharp price decline.

– The VN-Index traded more positively than expected on the last day of the week, as stocks expected to bottom out earlier showed good price increases, such as the banking group (LPB hit the ceiling earliest), or HSG (This stock has a good financial statement and miraculously escaped losses for the entire year. It will be granted Margin again after the audited annual financial statement and a new evaluation period by the Stock Exchange, and notably, the company has reduced short-term debt to 2,900 billion VND – with no long-term debt. This is a very low level when the company’s inventory is 7,000 billion VND).

– The oil and gas group also saw good price increases with expectations for the short-term deployment of Block B O Mon.

– Index forecast for October 30, 2023: Statistics show the index will adjust downwards.

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SOURCE: AAS RESEARCH