A four-session winning streak with a total gain of 62.49 points helped the VN-Index surge past the 1,280-point mark, astonishing cash holders who were waiting for a market correction.
Many securities companies have positive assessments of the current situation and forecast that the VN-Index could soon return to the 1,300-point threshold. Among them, real estate stocks have also brightened amid the noisy land auctions in Hanoi in recent days.
According to records, many real estate stocks have risen for 3-4 consecutive sessions, following the strong recovery of the overall market, with many stocks hitting the ceiling price for 1-2 consecutive sessions. At the end of the trading session on August 22, some stocks continued to rise positively, such as LCG, PDR, CII, SCR, C4G, and IDJ…
In the previous session on August 21, Mirae Asset Securities Company said that the VN-Index traded brilliantly, with the dominant upward momentum of real estate stocks, including DXG, PDR, CEO, and DIG. These stocks continuously led the market upward.
Real estate stocks shine after a significant correction.
If we count from the beginning of this week, a series of real estate stocks have rebounded strongly by 15%-20%, notably DXG, NLG, PDR, KDH, CII, and VCG…
In fact, real estate stocks have been quiet for the past few months and have only recovered recently after the VN-Index’s correction earlier in August and its current rebound.
On some stock forums, many investors have shared images of shareholders holding real estate stocks celebrating a 5% increase in stock prices after a correction that saw a 40% drop…
Analysts from VNDIRECT Securities Company analyzed that, in the first half of 2024, market funds did not pay much attention to residential real estate stocks. These stocks tended to adjust in the first half, such as NVL, DXG, DIG, and CEO. However, stocks of enterprises capable of maintaining good sales, with compelling stories and advantages in speeding up site clearance and completing land use payments, have maintained a relatively stable price compared to the VN-Index.
In the second half of the year, there are expectations that the market sentiment will be supported by the acceleration of enterprises’ business results as they increase the handover of houses to customers. Some enterprises have announced plans to focus on product handovers in the second half of this year.
According to VNDIRECT experts, investment opportunities in real estate stocks will be polarized. Investors need to carefully evaluate aspects related to the financial health and ability to complete legal procedures for ongoing projects to make suitable choices for their investment decisions.
Looking at the broader market dynamics, CSI Securities Company believes that the market is in a very positive trend and is likely to soon conquer the psychological threshold of 1,300 points in the coming sessions, or even reach 1,320 points. However, at present, investors should not chase prices and should patiently wait for a general market correction before increasing their holdings in profitable stocks in their portfolios.
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Short-term stock market trading has proven to be a risky venture for many investors, leading to substantial losses. However, there are a few select open funds that have managed to achieve impressive returns, reaching up to 30%.
Bank stocks sold off heavily
Today (2/2), the VN-Index continues to rise, but in a cautious trading atmosphere. It is noteworthy that most banking stocks in the VN30 basket are facing strong selling pressure.
