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Sunday, July 14, 2024

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portfolio restructuring

Seeking opportunities for portfolio restructuring

With market corrections looming, investors are increasingly cautious. However, this presents an opportunity for restructuring portfolios by targeting industry groups and companies with strong performance in the first half of this year and promising prospects for the second half. Pressure in late June The VN-Index declined sharply on June 24, indicating potential further corrections. The trading volume that day reached nearly 1.1 billion shares on the Hochiminh Stock Exchange (HOSE) alone, almost 1.6 times higher than in the previous session, marking another day of significant distribution similar to June 14. Prior to this downturn, the market remained stable in June, moving within a narrow range due to a lack of favorable information. Investors were uncertain due to mixed signals from central banks worldwide, stable yet high interest rates, and cooling foreign exchange and gold markets. While foreign investors net sold VND907 billion of shares on June 24, proprietary traders became net buyers with a total value of nearly VND278 billion. In the year to date, net selling by foreign investors on the HOSE has exceeded VND48 trillion. This figure is likely to increase as selling pressure shows no sign of abating, potentially surpassing the 2021 record high of over VND58 […]
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