Market commentary on October 19: ‘Struggling at 940 points’
admin 18-10-2020, 10:59


Market commentary on October 19: ‘Struggling at 940 points’

BVSC believes that VN-Index will fluctuate around 945 points in the first sessions of next week. According to VDSC, there are still many third quarter financial statements that have not been updated, but opportunities are almost less.

Securities company Positive Neutral Negative BVSC X SHS X VDSC X BSC X

Struggling around 945 points

(Bao Viet Securities Company – BVSC)

VN-Index is expected to fluctuate around 945 points in the first sessions of next week. Market movements will continue to have a strong differentiation between stock lines according to information about the third quarter business results of each specific enterprise. Large-cap stocks will still increase in turn to support the market. In addition, the portfolio restructuring activities of the investment funds according to the VN30 and VNDiamond indexes that take place in the last two weeks of October may create exciting movements in large-cap stocks.

Vibration around 940 points

(Saigon-Hanoi Securities Company – SHS)

VN-Index may continue to shake around 940 points (fibonacci extension 61.8%). SHS maintains that investors should take profit for short-term positions in the range 940-950 points of the market as this is a strong resistance before Covid-19 happens. Investors with a high proportion of cash in the portfolio can buy in if the market corrects to around 920 points (MA20).

Opportunities are almost gradually less

(Rong Viet Securities Company – VDSC)

End of a weekend session and the mood is contrary to most investors. The stocks were not uniform but divided and differentiated clearly. There are still many financial statements of the third quarter that have not been updated, but opportunities are almost less. Therefore, investors need to manage risk for their portfolios properly when the market is in a difficult period.

Struggling at 940 points

(BIDV Securities Company – BSC)

VN-Index is expected to continue struggling at 940 points before creating a new trend next week.

Investors should only consider comments of securities companies as a source of reference information. Securities companies all recommend disclaimer for the above comments.

Source: ndh.vn – Translated by fintel.vn