HIGHLIGHTED NEWS
At the second meeting of the Central Steering Committee on housing policy and real estate market, Prime Minister Pham Minh Chinh emphasized that social housing is no longer a mere welfare policy, but a powerful macroeconomic, microeconomic and institutional lever. Accordingly, social housing is one of the public goods with the largest spillover effect because each dong invested in housing brings about 1.5 - 2 dong of GDP spillover, promoting the steel, cement, materials, equipment and finance industries to operate together. When the commercial real estate market is sluggish, social housing projects become a cycle-stabilizing machine, maintaining the rhythm of employment and domestic aggregate demand. In addition, social housing also helps reduce living expenses, thereby giving people more room to consume, save and invest. In particular, maintaining a reasonable rental price level also helps control inflation - because housing prices are an important component in the basket of goods when calculating the CPI.
TRADING STRATEGY
The stock market increased positively, reaching 1,747 points with liquidity equivalent to the weekly average. Cash flow continued to improve, with the destination still being leading stocks in the banking and real estate sectors, along with some individual stocks in the basic resources, retail, and F&B sectors. On the contrary, selling pressure increased slightly in financial services stocks. The VN-Index today is likely to fluctuate around the 1,735-1,755 point area.
The market is currently in an uptrend with the goal of conquering the resistance zone of 1,720-1,740 points to move towards the next important zone around the 1,800 point mark. The general sentiment gradually stabilized, helping cash flow and liquidity to continuously improve. However, the strong increase in the index but relying too much on a few VN30 pillar stocks may affect portfolio management somewhat when the VN-Index experiences small cooling periods in the short term. Therefore, investors can flexibly consider restructuring their portfolios according to cash flow trends for stocks that have met short-term profit expectations. On the other hand, medium- and long-term holding investment activities continue to prioritize basic stocks with prospects for business results in the final period of the year or in the group that benefits from market upgrade.
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