Liquidity has remained stable in recent sessions with cash flow shifting between industry groups, so investors can pay attention to industry groups that attract good cash flow such as securities, retail, and banking.
Be careful, limit chasing purchases
Vietnam Construction Securities Company (CSI)
Although liquidity in today’s session decreased compared to yesterday’s session, it still remained high (+6.9%) compared to the 20-session average, this shows that cash flow is still very healthy despite the pressure. Profit taking was quite strong in yesterday’s session.
The possibility of VN-Index returning to test the resistance level of 1.75-1,277 points again, if overcome with strong liquidity, will move towards the strong resistance mark around 1,300 points.
At the present time, our opinion is to remain cautious, limit chasing buying, wait for more clear positive confirmation signals before returning to a new buying position.
Avoid chasing during hot uptrends
KB Securities Vietnam (KBSV)
Demand returned with a relatively positive effect spreading across most small and medium capitalization stocks, demonstrating the excitement of investors and the excitement of cash flow continuing to show purchasing power. Strongly ready to re-enter the market after adjustments.
Although the recovery range is still relatively narrow and corrective pressure is still present, VN-Index is expected to maintain an uptrend in the short term or return soon in case of correction at the support level. Close is placed around 1,240 (/+-5) points.
Investors are recommended to avoid chasing during hot uptrends, and only place orders to disburse a portion of the buffer weight for currently held positions when the index or target codes fall to near support areas.
Be cautious at the current stage
SHS Securities Company
Short-term investors should be cautious at the current stage, because VN-Index is moving at a high score in the medium-term accumulation channel, so short-term risks are increasing.
Short-term investors can continue to hold a high proportion of stocks
Yuanta Vietnam Securities Company
Banking stocks showed signs of slowing down, but cash flow shifted in other large-cap stock groups such as food production and securities.
Meanwhile, short-term risks in Midcaps stocks are still low, showing that the market still has room for short-term growth. The short-term trend of the market still remains at UP. Therefore, we recommend that short-term investors can continue to hold a high proportion of stocks in their portfolio and buy new ones.
– Vietnam imports meat and meat products from 37 markets
According to the Import-Export Department, in January 2024, imports of meat and meat products from India reached nearly 18.44 thousand tons, worth 55.36 million USD.
The Import-Export Department (Ministry of Industry and Trade) said: Vietnam is importing meat and meat products from 37 markets; Of which, India is the largest market providing meat and meat products, accounting for 29.53% of the country’s total imported meat and meat products.
The Import-Export Department cited statistics from the General Department of Customs showing that in January 2024, Vietnam imported nearly 62.44 thousand tons of meat and meat products, worth 127.52 million USD, a decrease 3.5% in volume and down 1.8% in value compared to December 2023. However, compared to January 2023, imports of meat and meat products increased by 76.2% in volume and 72% in value.
According to the Import-Export Department, in January 2024, imports of meat and meat products from India reached nearly 18.44 thousand tons, worth 55.36 million USD, an increase of 16.9% in volume and an increase of 11%. .8% in value compared to December 2023. Compared to January 2023, imports of meat and meat products increased by 184.9% in volume and 190.7% in value.
Statistics also show that in January 2024, Vietnam mainly imported meat and edible by-products, fresh chilled or frozen poultry; fresh frozen buffalo meat; Edible post-slaughter by-products of chilled or frozen live pigs, buffaloes and cows; fresh chilled or frozen pork; fresh chilled or frozen beef… The import volume and value of these types both increased sharply compared to January 2023.
Also during this period, Vietnam imported 5.86 thousand tons of fresh chilled or frozen pork, worth 13.01 million USD, down 22.9% in volume and 25.2% in value compared to the previous year. December 2023. However, compared to January 2023, it increased by 19.2% in volume and 12.5% in value. The average import price reached 2,221 USD/ton, down 3.1% compared to December 2023 and down 5.6% compared to January 2023.
In January 2024, Vietnam imported fresh chilled or frozen pork from 14 markets; Of which, mainly imported from Brazil accounts for 44.63%; Russia accounts for 25.29%; Canada accounted for 8.36% of Vietnam’s total pork imports in January 2024. Notably, except for Russia, the amount of pork imported from these markets increased sharply compared to January 2023.