HIGHLIGHTED NEWS
At the 23rd meeting of the State Steering Committee on National Key Projects on the morning of March 5th, the Prime Minister requested Hanoi and Bac Ninh to promptly approve the feasibility study report for the road connecting Gia Binh Airport, striving to commence construction in March and complete it in time to serve APEC 2027. At the same time, the head of government also assigned the Ministry of Finance the task of reviewing and allocating medium-term investment capital for the 2026-2030 period, prioritizing expressway projects to achieve the target of 5,000 km of expressways by 2030. Currently, the country has put into operation 3,345 km of expressways, 1,252 km are under construction, and approximately 1,721 km are being prepared for investment. Furthermore, the Prime Minister also instructed the Ministry of Construction to urge and direct investors and contractors to complete the remaining items of the North-South expressway projects in the east by March 2026; ensuring the required progress for projects such as Cho Moi - Bac Kan, Ho Chi Minh City - Trung Luong - My Thuan…
TRADING STRATEGY
The stock market closed lower at 1,808 points with liquidity falling below the weekly average. Sector divergence occurred within individual sectors. Capital flows showed improvement in financial services stocks, along with some individual stocks in real estate, banking, construction, and materials. Conversely, selling pressure increased in oil and gas, chemical, basic resources, utilities, and retail stocks. The VN-Index is likely to fluctuate around 1,795-1,815 points today.
The market experienced a tug-of-war after the spectacular recovery in the previous session. Overall sentiment remains cautious. Capital flows are showing signs of shifting from groups of stocks that experienced short-term rapid increases to groups/sectors with more attractive valuations or benefiting from domestic macroeconomic factors. Foreign investors increased net selling. The fact that the VN-Index has not yet been able to conquer the 1,820-1,840 point resistance zone may cause the index to trade sideways within a wide range with short-term fluctuations to stabilize capital flows and the supply-demand balance. Investors should pay attention to controlling portfolio weightings and may consider increasing purchases for medium-term strategic portfolios when supporting reversal movements appear accompanied by confirming signals. Short-term trades should be flexible according to capital flow movements.
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