In February, VnIndex gained 88.42 points, equivalent to an increase of 7.59% MoM. Information regarding the Q1 performance of listed companies will be revealed in March and will be the focus of investors;

The Vietnamese stock market outperformed the major indexes, with most of the sectors rising, except for the Tourism & Entertainment sector;

Trading value on the three bourses reached VND 21,301 billion, up by 26.2% compared to the prior month;

After a slight amount of net buying in January, foreign investors net sold VND 2,768 billion on HOSE in February, an average compared to 2023;

Market-wide valuation is at a reasonable level in the context of low interest rates. BVSC expects VnIndex will continue to head to 1,300-1,350 points;

After the rally in February, the stock prices of many sectors have reflected the expectations of the recovery of business results in 2024. On the advent of a new growth cycle of the market, we still maintain our preference for Banking stocks and some large-cap stocks following the theme of market ranking upgrade.