[Market News 19/09/2023] EXPORT GOODS GROUP TRADING WELL DUE TO VND DEPRECIATION

– The Vn-Index is currently at the dynamic support level of MA(50) and MA(20) showing signs of decline. Thus, any break of this dynamic support in the next 1-2 sessions could create widespread selling pressure. This is something to be mindful of in the short term.

– The fact that trading volume gradually decreases as prices fall is a good sign. At least in the context of a decline to the support area, selling pressure has not yet increased significantly enough to create major risks.

– The securities sector, which represents high Beta groups, did not decline with the real estate sector. This is also a good sign in the short term. Additionally, export-related sectors such as seafood, textiles, etc., trading well during the day is also a good sign when the market needs sector rotation in the context of high Beta sectors weakening.

– Index forecast for September 19, 2023: Statistics show that the index decreased with the closing price higher than the opening price.

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SOURCE: AAS RESEARCH

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