Recommendation on the stock market on January 13: Will VN-Index conquer the threshold of 1,200 points?
VietReader 12-01-2021, 23:52

The vibrations may continue but the market has many opportunities to surpass the historic peak tomorrow. New cash flow will continue to pour into the market in case the market successfully exceeds the peak.

The domestic stock market traded positively after gaining for 8 consecutive sessions. The index quickly approached 1,200 points thanks to high liquidity and the support of blue-chips.

However, the minus point today was that foreign investors continued to net sell with a total value of 260 billion dong. At the close, the VN-Index rose 7.39 points (0.62%) to 1,192.28 points, in which the VN30 increased 5.63 points (0.48%) to 1,169.03 points.

Market breadth was inclined to buyers, the whole market had 269 advancers / 178 decliners, in VN30 basket there were 16 gainers, 9 losers and 5 stocks kept the reference.

The market liquidity cooled down but remained at high level with the matched price of over 14,777 billion dong. The index gained with the support of liquidity and the positive increase / decrease ratio on blue-chips was a sign of the sustainable uptrend of the market.

Technical chart for VN-Index. (Source: FSC).

Here is the opinion of securities companies on January 13:

Stock MB (MBS)

The vibrations like in today’s session still continue, but the market has many opportunities to surpass the historic peak tomorrow. New cash flow will continue to pour into the market in case the market successfully exceeds the peak.

Yuanta Securities Vietnam (FSC)

The market is likely to continue towards the level of 1,200 points in the next session and an adjustment might appear here. The positive point is that the divergence of the cash flow no longer occurs and the short-term risks remain low, showing that the short-term uptrend can still extend to higher thresholds.

Trading volume decreased slightly but remained at a high level, showing that the cash flow has not shown signs of withdrawing from the market. The short-term trend of the general market remains upside down.

Bao Viet Securities (BVS)

Vn-Index is heading to the historic peak area of ​​1,200 – 1,220 points. However, it should be noted that this is a strong psychological resistance zone while the overbought condition of the market continues to spread across a wide range of stocks. This may create strong shaking sessions of the market at this resistance zone.

BIDV Securities (BSC)

Market breadth was in a positive state but liquidity declined compared to the previous session. VN-Index is forecasted to conquer the threshold of 1,200 points in the next session.

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

Source: vietnambiz.vn – Translated by fintel.vn

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