{"id":4420,"date":"2020-07-29T11:42:26","date_gmt":"2020-07-29T04:42:26","guid":{"rendered":"https:\/\/bizuni.vn\/kien-thuc-quan-tri\/?p=4420"},"modified":"2022-10-15T22:47:43","modified_gmt":"2022-10-15T15:47:43","slug":"goc-nhin-giao-dich-chung-khoan-tuan-moi-co-hoi-de-tich-luy-nhieu-co-phieu-tiem-nang","status":"publish","type":"post","link":"https:\/\/bizuni.vn\/kien-thuc-quan-tri\/goc-nhin-giao-dich-chung-khoan-tuan-moi-co-hoi-de-tich-luy-nhieu-co-phieu-tiem-nang\/","title":{"rendered":"G\u00f3c nh\u00ecn giao d\u1ecbch ch\u1ee9ng kho\u00e1n tu\u1ea7n m\u1edbi: C\u01a1 h\u1ed9i \u0111\u1ec3 t\u00edch l\u0169y nhi\u1ec1u c\u1ed5 phi\u1ebfu ti\u1ec1m n\u0103ng"},"content":{"rendered":"
Th\u1ecb tr\u01b0\u1eddng \u0111\u01b0\u1ee3c d\u1ef1 b\u00e1o s\u1ebd kh\u00f3 kh\u0103n trong tu\u1ea7n giao d\u1ecbch m\u1edbi, nh\u01b0ng theo c\u00e1c chuy\u00ean gia, trong b\u1ed1i c\u1ea3nh n\u00e0y l\u1ea1i l\u00e0 c\u01a1 h\u1ed9i \u0111\u1ec3 t\u00edch l\u0169y c\u00e1c nh\u00f3m c\u1ed5 phi\u1ebfu ti\u1ec1m n\u0103ng v\u1edbi gi\u00e1 th\u1ea5p.<\/span><\/h5>\n

Con s\u1ed1 th\u1ea5t nghi\u1ec7p\u00a0b\u1ea5t ng\u1edd t\u0103ng tr\u1edf l\u1ea1i,\u00a0c\u00f9ng c\u0103ng th\u1eb3ng \u0111\u1ecba ch\u00ednh tr\u1ecb gia t\u0103ng khi\u1ebfn th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n th\u1ebf gi\u1edbi lao \u0111ao. \u0110\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng trong n\u01b0\u1edbc, th\u00f4ng tin v\u1ec1\u00a0ca nhi\u1ec5m m\u1edbi\u00a0t\u1ea1i \u0110\u00e0 N\u1eb5ng \u0111\u00e3 khi\u1ebfn th\u1ecb tr\u01b0\u1eddng ph\u1ea3n \u1ee9ng r\u1ea5t ti\u00eau c\u1ef1c \u1edf phi\u00ean cu\u1ed1i tu\u1ea7n khi ch\u1ec9 s\u1ed1 VN-Index gi\u1ea3m g\u1ea7n 28 \u0111i\u1ec3m. \u0110i\u1ec1u n\u00e0y \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn di\u1ec5n bi\u1ebfn c\u1ee7a th\u1ecb tr\u01b0\u1eddng trong tu\u1ea7n t\u1edbi nh\u01b0 th\u1ebf n\u00e0o, theo c\u00e1c \u00f4ng\/b\u00e0?<\/span><\/p>\n

\u00d4ng\u00a0Ng\u00f4 Qu\u1ed1c H\u01b0ng,\u00a0Chuy\u00ean vi\u00ean nghi\u00ean c\u1ee9u cao c\u1ea5p,\u00a0B\u1ed9 ph\u1eadn Chi\u1ebfn l\u01b0\u1ee3c Th\u1ecb\u00a0tr\u01b0\u1eddng, CTCK MBS:<\/span><\/strong><\/p>\n

Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u \u0111ang \u0111i v\u00e0o v\u00f9ng bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh khi g\u1eb7p nhi\u1ec1u tin x\u1ea5u b\u1ee7a v\u00e2y: 1) t\u1eeb c\u0103ng th\u1eb3ng ngo\u1ea1i giao M\u1ef9 \u2013 Trung l\u00ean \u0111\u1ec9nh \u0111i\u1ec3m khi 2 n\u01b0\u1edbc \u0111ang c\u00f3 nh\u1eefng h\u00e0nh \u0111\u1ed9ng \u0103n mi\u1ebfng tr\u1ea3 mi\u1ebfng, qua \u0111\u00f3 ch\u00e2m ng\u00f2i cho t\u00e2m l\u00fd n\u00e9 tr\u00e1nh r\u1ee7i ro, 2) s\u1ed1 ca nhi\u1ec5m covid gia t\u0103ng m\u1ea1nh \u0111ang k\u00ecm h\u00e3m ho\u1eb7c th\u1eadm ch\u00ed d\u1eadp t\u1eaft s\u1ef1 ph\u1ee5c h\u1ed3i non tr\u1ebb c\u1ee7a n\u1ec1n kinh t\u1ebf, 3) l\u01b0\u1ee1ng \u0111\u1ea3ng c\u1ee7a M\u1ef9 b\u1ea5t \u0111\u1ed3ng v\u1ec1 c\u00e1c g\u00f3i c\u1ee9u tr\u1ee3 v\u00e0 4) ti\u00eau \u0111i\u1ec3m hi\u1ec7n nay l\u00e0 gi\u00e1 v\u00e0ng \u0111ang \u201cm\u1ecdc c\u00e1nh\u201d bay cao khi\u1ebfn d\u00f2ng ti\u1ec1n \u0111ang ch\u1ea3y t\u1eeb c\u1ed5 phi\u1ebfu sang v\u00e0ng.<\/span><\/p>\n

Tr\u1edf l\u1ea1i v\u1edbi th\u1ecb tr\u01b0\u1eddng trong n\u01b0\u1edbc, tu\u1ea7n gi\u1ea3m v\u1eeba qua c\u0169ng l\u00e0 tu\u1ea7n c\u00f3 m\u1ee9c gi\u1ea3m m\u1ea1nh nh\u1ea5t k\u1ec3 t\u1eeb \u0111\u00e1y th\u00e1ng 3 cho t\u1edbi nay, m\u1ee9c gi\u1ea3m 4,92% \u0111\u00e3 \u0111\u01b0a Vi\u1ec7t Nam tr\u1edf th\u00e0nh th\u1ecb tr\u01b0\u1eddng gi\u1ea3m m\u1ea1nh nh\u1ea5t tr\u00ean th\u1ebf gi\u1edbi.<\/span><\/p>\n

Th\u1ef1c t\u1ebf, th\u1ecb tr\u01b0\u1eddng trong n\u01b0\u1edbc \u0111\u00e3 suy y\u1ebfu so v\u1edbi th\u1ecb tr\u01b0\u1eddng th\u1ebf gi\u1edbi trong 2 tu\u1ea7n v\u1eeba qua, m\u00f9a b\u00e1o c\u00e1o thu nh\u1eadp b\u00e1n ni\u00ean \u0111\u00e3 kh\u00f4ng gi\u00fap th\u1ecb tr\u01b0\u1eddng b\u1ee9t ph\u00e1 kh\u1ecfi v\u00f9ng t\u00edch l\u0169y t\u1eeb 860 – 880 \u0111i\u1ec3m. Vi\u1ec7c thanh kho\u1ea3n s\u1ee5t gi\u1ea3m c\u00f3 th\u1ec3 l\u00e0 m\u1ed9t trong c\u00e1c nguy\u00ean nh\u00e2n ch\u00ednh (thanh kho\u1ea3n b\u00ecnh qu\u00e2n 2 tu\u1ea7n v\u1eeba qua ch\u1ec9 \u0111\u1ea1t t\u1eeb 3.500 – 3.700 t\u1ef7 \u0111\u1ed3ng\/phi\u00ean, so v\u1edbi m\u1ee9c trung b\u00ecnh k\u1ec3 t\u1eeb \u0111\u1ea7u th\u00e1ng 7 l\u00e0 4.900 t\u1ef7 \u0111\u1ed3ng), th\u00f4ng tin li\u00ean quan \u0111\u1ebfn vi\u1ec7c t\u00e1i b\u00f9ng ph\u00e1t d\u1ecbch b\u1ec7nh Covid-19 t\u1ea1i \u0110\u00e0 n\u1eb5ng nh\u01b0 \u201cgi\u1ecdt n\u01b0\u1edbc tr\u00e0n ly\u201d, n\u1ebfu kh\u00f4ng c\u00f3 th\u00f4ng tin n\u00e0y kh\u1ea3 n\u0103ng th\u1ecb tr\u01b0\u1eddng v\u1eabn trong nh\u1ecbp \u0111i\u1ec1u ch\u1ec9nh.<\/span><\/p>\n

V\u1ec1 k\u1ef9 thu\u1eadt, xu h\u01b0\u1edbng t\u0103ng k\u1ec3 t\u1eeb m\u1ee9c \u0111\u00e1y th\u00e1ng 3 \u0111\u00e3 b\u1ecb ph\u00e1 v\u1ee1, v\u00f9ng h\u1ed7 tr\u1ee3 c\u1ee7a th\u1ecb tr\u01b0\u1eddng l\u00fac n\u00e0y \u1edf v\u00f9ng 815 – 820 \u0111i\u1ec3m, sau nh\u1ecbp gi\u1ea3m v\u1eeba qua kh\u1ea3 n\u0103ng trong tu\u1ea7n t\u1edbi th\u1ecb tr\u01b0\u1eddng s\u1ebd xu\u1ea5t hi\u1ec7n nh\u1ecbp h\u1ed3i k\u1ef9 thu\u1eadt.<\/span><\/p>\n

\u00d4ng \u0110\u00e0o Tu\u1ea5n Trung, Gi\u00e1m \u0111\u1ed1c\u00a0Trung t\u00e2m nghi\u00ean c\u1ee9u, CTCK Vietinbank:<\/span><\/strong><\/p>\n

Vi\u1ec7c th\u1ecb tr\u01b0\u1eddng gi\u1ea3m \u0111i\u1ec3m trong phi\u00ean giao d\u1ecbch ng\u00e0y 24\/7\/2020 l\u00e0 c\u1ed9ng h\u01b0\u1edfng t\u1eeb 3 nguy\u00ean nh\u00e2n ch\u00ednh. Nguy\u00ean nh\u00e2n \u0111\u1ea7u ti\u00ean \u0111\u1ebfn t\u1eeb s\u1ef1 b\u1ea5t \u1ed5n v\u1edbi n\u1ec1n kinh t\u1ebf th\u1ebf gi\u1edbi khi t\u00ecnh h\u00ecnh d\u1ecbch Covid-19 v\u1eabn \u0111ang ph\u1ee9c t\u1ea1p, \u1ea3nh h\u01b0\u1edfng n\u1eb7ng t\u1edbi c\u00e1c \u0111\u1ed9ng th\u00e1i m\u1edf c\u1eeda nh\u1eb1m ph\u1ee5c h\u1ed3i n\u1ec1n kinh t\u1ebf.<\/span><\/p>\n

M\u1ef9 (qu\u1ed1c gia c\u00f3 s\u1ed1 ca nhi\u1ec5m Covid-19 nhi\u1ec1u nh\u1ea5t) l\u00e0 n\u01a1i c\u1ea3m nh\u1eadn r\u00f5 nh\u1ea5t \u0111i\u1ec1u n\u00e0y khi \u0111a s\u1ed1 c\u00e1c bang ph\u1ea3i \u0111\u00f3ng c\u1eeda tr\u1edf l\u1ea1i, v\u1edbi t\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p \u0111\u1ea1t 11,1% t\u00ednh \u0111\u1ebfn ng\u00e0y 5\/7\/2020.<\/span><\/p>\n

Nguy\u00ean nh\u00e2n ti\u1ebfp theo \u0111\u1ebfn t\u1eeb m\u1ed1i lo ng\u1ea1i v\u1ec1 k\u1ebft qu\u1ea3 kinh doanh qu\u00fd II k\u00e9m kh\u1ea3 quan c\u1ee7a nhi\u1ec1u doanh nghi\u1ec7p khi Vi\u1ec7t Nam ti\u1ebfn h\u00e0nh gi\u00e3n c\u00e1ch x\u00e3 h\u1ed9i v\u00e0o n\u1eeda \u0111\u1ea7u th\u00e1ng 4.<\/span><\/p>\n

Cu\u1ed1i c\u00f9ng, th\u00f4ng tin v\u1ec1 ca nhi\u1ec5m Covid-19 t\u1ea1i \u0110\u00e0 n\u1eb5ng l\u00e0 gi\u1ecdt n\u01b0\u1edbc tr\u00e0n ly khi\u1ebfn gi\u1edbi \u0111\u1ea7u t\u01b0 ho\u1ea3ng lo\u1ea1n b\u00e1n th\u00e1o, ch\u1ec9 s\u1ed1 VN-Index gi\u1ea3m m\u1ea1nh g\u1ea7n 28 \u0111i\u1ec3m.<\/span><\/p>\n

V\u1ec1 xu h\u01b0\u1edbng th\u1ecb tr\u01b0\u1eddng, m\u1ed1c h\u1ed7 tr\u1ee3 g\u1ea7n nh\u1ea5t n\u1eb1m \u1edf 820 \u0111i\u1ec3m. V\u1edbi t\u00e2m l\u00fd lo ng\u1ea1i c\u1ee7a gi\u1edbi \u0111\u1ea7u t\u01b0, ch\u1ec9 s\u1ed1 VN-Index s\u1ebd test l\u1ea1i m\u1ed1c n\u00e0y v\u00e0 ch\u1edd \u0111\u1ee3i ph\u1ea3n \u1ee9ng c\u1ee7a c\u00e1c m\u00e3 thu\u1ed9c VN30. Tr\u01b0\u1eddng h\u1ee3p k\u1ebft qu\u1ea3 kinh doanh qu\u00fd II c\u1ee7a c\u00e1c doanh nghi\u1ec7p n\u00e0y kh\u1ea3 quan, ch\u1ec9 s\u1ed1 s\u1ebd ph\u1ee5c h\u1ed3i v\u00e0 ti\u1ebfp t\u1ee5c sideway trong bi\u00ean \u0111\u1ed9 820 – 840 \u0111i\u1ec3m. \u1ede tr\u01b0\u1eddng h\u1ee3p ng\u01b0\u1ee3c l\u1ea1i, ch\u1ec9 s\u1ed1 s\u1ebd ti\u1ebfp t\u1ee5c gi\u1ea3m s\u00e2u h\u01a1n v\u00e0 ho\u00e0n to\u00e0n c\u00f3 kh\u1ea3 n\u0103ng m\u1ea5t m\u1ed1c 800 \u0111i\u1ec3m.<\/span><\/p>\n

\u00d4ng Nguy\u1ec5n H\u1eefu B\u00ecnh, chuy\u00ean gia ch\u1ee9ng kho\u00e1n:<\/span><\/strong><\/p>\n

V\u1edbi v\u1ea5n \u0111\u1ec1 t\u1eeb M\u1ef9 c\u00f3 th\u1ec3 th\u1ea5y r\u1eb1ng, vi\u1ec7c d\u1ecbch v\u00e0 n\u1ea1n nh\u00e2n Covid-19 gia t\u0103ng l\u00e0 \u0111i\u1ec1u \u0111\u00e3 \u0111\u01b0\u1ee3c d\u1ef1 b\u00e1o do vi\u1ec7c ph\u00f2ng ch\u1ed1ng d\u1ecbch t\u1ea1i qu\u1ed1c gia n\u00e0y c\u00f3 nhi\u1ec1u kh\u00e1c bi\u1ec7t. Ch\u00ednh v\u00ec l\u1ebd \u0111\u00f3 m\u00e0 M\u1ef9 \u0111\u00e3 \u0111\u00f3ng c\u1eeda l\u1ea1i nhi\u1ec1u bang n\u00ean vi\u1ec7c th\u1ea5t nghi\u1ec7p gia t\u0103ng c\u0169ng l\u00e0 \u0111i\u1ec1u n\u1eb1m trong d\u1ef1 b\u00e1o.<\/span><\/p>\n

\u0110i\u1ec3m b\u1ea5t ng\u1edd \u1edf \u0111\u00e2y l\u00e0 quan h\u1ec7 c\u0103ng th\u1eb3ng gi\u1eefa M\u1ef9 v\u00e0 Trung Qu\u1ed1c \u0111ang \u0111\u01b0\u1ee3c \u0111\u1ea9y l\u00ean r\u1ea5t cao v\u00e0 kh\u00f4ng ai l\u01b0\u1eddng tr\u01b0\u1edbc \u0111i\u1ec1u g\u00ec s\u1ebd x\u1ea3y ra, \u0111\u1eb7c bi\u1ec7t trong b\u1ed1i c\u1ea3nh kinh t\u1ebf \u0111ang r\u1ea5t k\u00e9m kh\u1ea3 quan.<\/span><\/p>\n

Vi\u1ec7c gi\u00e1 v\u00e0ng t\u0103ng m\u1ea1nh c\u0169ng kh\u00f4ng ph\u1ea3i l\u00e0 \u0111i\u1ec1u kh\u00f3 \u0111o\u00e1n, b\u1edfi \u0111\u00e3 c\u00f3 nhi\u1ec1u d\u1ef1 b\u00e1o tin r\u1eb1ng gi\u00e1 v\u00e0ng s\u1ebd t\u0103ng gi\u00e1 gi\u1ed1ng nh\u01b0 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n \u0111\u00e3 t\u1eebng x\u1ea3y ra h\u1ed3i th\u00e1ng 3, 4. L\u00fd do \u0111\u01a1n gi\u1ea3n \u1edf \u0111\u00e2y l\u00e0 ti\u1ec1n \u0111ang \u0111\u01b0\u1ee3c c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng b\u01a1m ra qu\u00e1 nhi\u1ec1u m\u00e0 l\u00e3i su\u1ea5t ti\u1ec1n g\u1eedi l\u1ea1i qu\u00e1 th\u1ea5p khi\u1ebfn cho d\u00f2ng ti\u1ec1n n\u00e0y ph\u1ea3i t\u00ecm m\u1ecdi ch\u1ed7 \u0111\u1ec3 sinh l\u1eddi.<\/span><\/p>\n

Khi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n h\u1ea1 nhi\u1ec7t sau g\u1ea7n 3 th\u00e1ng t\u0103ng cao th\u00ec d\u00f2ng ti\u1ec1n n\u00e0y d\u1ecbch chuy\u1ec3n sang v\u00e0ng, th\u1ef1c t\u1ebf c\u00f2n c\u00f3 c\u1ea3 b\u1ea1c, qu\u1eb7ng s\u1eaft… v\u00e0 c\u00f3 th\u1ec3 c\u00f3 th\u00eam nh\u1eefng h\u00e0ng h\u00f3a kh\u00e1c n\u1eefa.<\/span><\/p>\n

C\u00f2n Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam th\u00ec sau m\u1ed9t nh\u1ecbp h\u1ed3i ph\u1ee5c m\u1ea1nh t\u1eeb th\u00e1ng 4 \u0111\u1ebfn \u0111\u1ea7u th\u00e1ng 6 c\u00f3 d\u1ea5u hi\u1ec7u \u0111i\u1ec1u ch\u1ec9nh. H\u01a1n 1 th\u00e1ng VN-Index loanh quanh v\u00f9ng 820 – 880 \u0111i\u1ec3m v\u00e0 ch\u01b0a t\u1ea1o ra nhi\u1ec1u d\u1ea5u \u1ea5n.<\/span><\/p>\n

Tuy nhi\u00ean, \u1edf giai \u0111o\u1ea1n g\u1ea7n \u0111\u00e2y v\u1edbi nh\u1eefng k\u1ef3 v\u1ecdng l\u1edbn h\u01a1n v\u1ec1 ch\u00ednh s\u00e1ch m\u00e0 Ch\u00ednh ph\u1ee7 \u0111ang th\u00fac \u0111\u1ea9y c\u00f9ng v\u1edbi vi\u1ec7c l\u00e0n s\u00f3ng d\u1ecbch chuy\u1ec3n th\u00ec r\u00f5 r\u00e0ng t\u01b0\u01a1ng l\u1ea1i 6th cu\u1ed1i n\u0103m s\u1ebd l\u00e0 kh\u1ea3 quan. V\u00ec th\u1ebf \u0111\u00e3 c\u00f3 d\u1ea5u hi\u1ec7u nh\u1ecf c\u1ee7a vi\u1ec7c nh\u00e0 \u0111\u1ea7u t\u01b0 quay l\u1ea1i v\u1edbi th\u1ecb tr\u01b0\u1eddng trong nh\u1eefng phi\u00ean g\u1ea7n \u0111\u00e2y.<\/span><\/p>\n

Th\u1ebf n\u00ean, c\u00e2u chuy\u1ec7n ph\u00e1t hi\u1ec7n ng\u01b0\u1eddi nhi\u1ec5m nCoV t\u1ea1i \u0110\u00e0 N\u1eb5ng ch\u1ec9 l\u00e0 l\u00fd do \u0111\u1ec3 vi\u1ec7c gom mua n\u00e0y \u0111\u01b0\u1ee3c gi\u00e1 t\u1ed1t h\u01a1n. Minh ch\u1ee9ng cho th\u1ea5y r\u1ea5t r\u00f5 l\u00e0 kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch \u0111\u00e3 t\u0103ng \u0111\u1ed9t bi\u1ebfn \u1edf phi\u00ean n\u00e0y.<\/span><\/p>\n

T\u00f4i nh\u1edb r\u1eb1ng Ph\u00f3 Th\u1ee7 t\u01b0\u1edbng V\u0169 \u0110\u1ee9c \u0110am t\u1eebng n\u00f3i c\u00f3 \u0111\u1ee7 c\u01a1 s\u1edf \u0111\u1ec3 d\u1eadp d\u1ecbp khi ch\u00fang ta b\u1ecf gi\u1ea3n c\u00e1ch h\u1ed3i gi\u1eefa th\u00e1ng 5 b\u1edfi c\u00f3 th\u1ec3 ki\u1ec3m so\u00e1t \u0111\u01b0\u1ee3c ngu\u1ed3n g\u1ed1c. V\u00ec th\u1ebf s\u1ef1 vi\u1ec7c \u1edf \u0110\u00e0 N\u1eb5ng kh\u00f4ng ph\u1ea3i l\u00e0 m\u1ed1i lo qu\u00e1 l\u1edbn, trong khi \u0111\u00f3 B\u1ed9 Y t\u1ebf c\u0169ng v\u1eeba m\u1edbi c\u00f4ng b\u1ed1 v\u1ec1 v\u1eafc-xin c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c s\u1ea3n xu\u1ea5t v\u00e0o th\u00e1ng 10 t\u1edbi. Nhi\u1ec1u n\u01b0\u1edbc c\u0169ng \u0111\u00e3 t\u00ecm ra v\u1eafc-xin n\u00ean t\u00f4i tin r\u1eb1ng ch\u00fang ta s\u1ebd khoogn \u0111\u1ec3 d\u1ecbch l\u00e2y lan m\u1ea1nh ra c\u1ed9ng \u0111\u1ed3ng.<\/span><\/p>\n

V\u1edbi l\u00fd do tr\u00ean, t\u00f4i nghi\u00eang v\u1ec1 k\u1ecbch b\u1ea3n th\u1ecb tr\u01b0\u1eddng s\u1ebd s\u1edbm h\u1ed3i ph\u1ee5c tr\u1edf l\u1ea1i, \u1edf tr\u01b0\u1eddng h\u1ee3p x\u1ea5u nh\u1ea5t VN-Index r\u01a1i v\u1ec1 m\u1ed1c 800 \u0111i\u1ec3m. T\u00f4i cho r\u1eb1ng \u0111\u00e2y l\u00e0 c\u01a1 h\u1ed9i \u0111\u1ec3 nh\u00e0 \u0111\u1ea7u t\u01b0 mua \u0111\u01b0\u1ee3c kh\u00e1 nhi\u1ec1u c\u1ed5 phi\u1ebfu gi\u00e1 th\u1ea5p.<\/span><\/p>\n

Trong b\u1ed1i c\u1ea3nh n\u00e0y, vi\u1ec7c ch\u1ecdn nh\u00f3m c\u1ed5 phi\u1ebfu c\u00e0ng tr\u1edf n\u00ean kh\u00f3 kh\u0103n, nh\u01b0ng kh\u00f4ng ph\u1ea3i kh\u00f4ng c\u00f3 c\u01a1 h\u1ed9i. Quan \u0111i\u1ec3m \u0111\u1ea7u t\u01b0 c\u1ee7a \u00f4ng\/b\u00e0 \u1edf th\u1eddi \u0111i\u1ec3m n\u00e0y\u00a0v\u00e0 \u0111\u00e2u l\u00e0 nh\u00f3m c\u1ed5 phi\u1ebfu ti\u1ec1m n\u0103ng?<\/span><\/p>\n

\u00d4ng\u00a0Ng\u00f4 Qu\u1ed1c H\u01b0ng,\u00a0Chuy\u00ean vi\u00ean nghi\u00ean c\u1ee9u cao c\u1ea5p,\u00a0B\u1ed9 ph\u1eadn Chi\u1ebfn l\u01b0\u1ee3c Th\u1ecb\u00a0tr\u01b0\u1eddng, CTCK MBS:<\/span><\/strong><\/p>\n

V\u1edbi b\u1ed1i c\u1ea3nh hi\u1ec7n t\u1ea1i, vi\u1ec7c giao d\u1ecbch ng\u1eafn h\u1ea1n hay l\u01b0\u1edbt s\u00f3ng n\u00ean h\u1ea1n ch\u1ebf. C\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c nh\u00f3m c\u1ed5 phi\u1ebfu d\u00e0i h\u1ea1n<\/a> c\u00f3 l\u1ebd n\u00ean c\u00f3 t\u1ea7m nh\u00ecn t\u1eeb 6 th\u00e1ng \u0111\u1ebfn 1 n\u0103m.<\/span><\/p>\n

Nh\u00f3m c\u1ed5 phi\u1ebfu trong m\u00f9a Covid v\u1eabn l\u00e0 \u01b0u ti\u00ean h\u00e0ng \u0111\u1ea7u nh\u01b0: y t\u1ebf v\u00e0 thi\u1ebft b\u1ecb y t\u1ebf, l\u01b0\u01a1ng th\u1ef1c th\u1ef1c ph\u1ea9m ho\u1eb7c c\u00e1c m\u1eb7t h\u00e0ng thi\u1ebft y\u1ebfu\u2026 C\u00e1c nh\u00f3m c\u1ed5 phi\u1ebfu ph\u00f2ng th\u1ee7 nh\u01b0: \u0111i\u1ec7n, n\u01b0\u1edbc\u2026 ho\u1eb7c nh\u00f3m c\u1ed5 phi\u1ebfu h\u01b0\u1edfng l\u1ee3i t\u1eeb \u0111\u1ea7u t\u01b0 c\u00f4ng, t\u1eeb s\u1ef1 d\u1ecbch chuy\u1ec3n d\u00f2ng v\u1ed1n FDI nh\u01b0 b\u1ea5t \u0111\u1ed9ng s\u1ea3n khu c\u00f4ng nghi\u1ec7p,\u2026.<\/span><\/p>\n

\u00d4ng \u0110\u00e0o Tu\u1ea5n Trung, Gi\u00e1m \u0111\u1ed1c\u00a0Trung t\u00e2m nghi\u00ean c\u1ee9u CTCK Vietinbank<\/span><\/p>\n

V\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 \u01b0a th\u00edch l\u01b0\u1edbt s\u00f3ng, h\u00e0nh \u0111\u1ed9ng ph\u00f9 h\u1ee3p \u1edf th\u1eddi \u0111i\u1ec3m hi\u1ec7n t\u1ea1i l\u00e0 h\u1ea1 t\u1ef7 tr\u1ecdng c\u1ed5 phi\u1ebfu v\u00e0 \u01b0u ti\u00ean n\u1eafm gi\u1eef ti\u1ec1n m\u1eb7t. V\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 trung d\u00e0i h\u1ea1n, khi th\u1ecb tr\u01b0\u1eddng gi\u1ea3m \u0111i\u1ec3m l\u00e0 c\u01a1 h\u1ed9i thu\u1eadn l\u1ee3i \u0111\u1ec3 t\u00edch l\u0169y th\u00eam c\u1ed5 phi\u1ebfu thu\u1ed9c 4 nh\u00f3m ch\u00ednh:<\/span><\/p>\n

Nh\u00f3m c\u1ed5 phi\u1ebfu c\u00f3 n\u1ec1n t\u1ea3ng c\u01a1 b\u1ea3n t\u1ed1t v\u00e0 ho\u1ea1t \u0111\u1ed9ng kinh doanh \u1ed5n \u0111\u1ecbnh, \u00edt b\u1ecb \u1ea3nh h\u01b0\u1edfng b\u1edbi \u0111\u1ea1i d\u1ecbch: \u0110\u1ea1i di\u1ec7n ti\u00eau bi\u1ec3u l\u00e0 nh\u00f3m c\u00f4ng ngh\u1ec7 th\u00f4ng tin (FPT, DGW…).<\/span><\/p>\n

Nh\u00f3m c\u1ed5 phi\u1ebfu c\u00f3 ch\u1ec9 s\u1ed1 P\/E th\u1ea5p h\u01a1n ch\u1ec9 s\u1ed1 P\/E trung b\u00ecnh to\u00e0n th\u1ecb tr\u01b0\u1eddng.<\/span><\/p>\n

Nh\u00f3m c\u1ed5 phi\u1ebfu \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng h\u01b0\u1edfng l\u1ee3i t\u1eeb hi\u1ec7p \u0111\u1ecbnh EVFTA s\u1ebd c\u00f3 hi\u1ec7u l\u1ef1c v\u00e0o \u0111\u1ea7u th\u00e1ng 8 t\u1edbi, bao g\u1ed3m nh\u00f3m d\u1ec7t may (TCM, TNG), th\u1ee7y s\u1ea3n (VHC, MPC, CMX\u2026), khu c\u00f4ng nghi\u1ec7p (SZC, KBC, BCM\u2026).<\/span><\/p>\n

Nh\u00f3m c\u1ed5 phi\u1ebfu c\u00f3 m\u1ee9c c\u1ed5 t\u1ee9c tr\u00ean th\u1ecb gi\u00e1 cao h\u01a1n l\u00e3i su\u1ea5t ti\u1ebft ki\u1ec7m g\u1eedi ng\u00e2n h\u00e0ng tr\u01b0\u1edbc khi x\u1ea3y ra d\u1ecbch (6%).<\/span><\/p>\n

\u00d4ng Nguy\u1ec5n H\u1eefu B\u00ecnh, chuy\u00ean gia ch\u1ee9ng kho\u00e1n:<\/span><\/strong><\/p>\n

Khi Covid di\u1ec5n ra, c\u00e1 nh\u00e2n t\u00f4i kh\u00f4ng nh\u00ecn theo m\u1ed9t ng\u00e0nh n\u00e0o c\u1ed1 \u0111\u1ecbnh m\u00e0 t\u00ecm ki\u1ebfm nh\u1eefng c\u01a1 h\u1ed9i ri\u00eang l\u1ebb. C\u00f3 nh\u1eefng ng\u00e0nh k\u00e9m kh\u1ea3 quan nh\u01b0ng \u1edf \u0111\u00f3 l\u1ea1i c\u00f3 nh\u1eefng doanh nghi\u1ec7p v\u00f4 c\u00f9ng t\u1ed1t \u0111\u1ec3 \u0111\u1ea7u t\u01b0.<\/span><\/p>\n

C\u00f3 th\u1ec3 v\u00ec ng\u00e0nh kh\u00f3 kh\u0103n khi\u1ebfn cho gi\u00e1 c\u1ed5 phi\u1ebfu n\u00e0y ch\u01b0a t\u0103ng l\u00ean \u0111\u01b0\u1ee3c nh\u01b0ng \u0111\u00e3 hi\u1ec3u r\u00f5 doanh nghi\u1ec7p th\u00ec vi\u1ec7c t\u0103ng ch\u1ec9 l\u00e0 s\u01a1m hay mu\u1ed9n m\u00e0 th\u00f4i. T\u00f4i v\u1eabn \u0111i theo quan \u0111i\u1ec3m n\u00e0y cho \u0111\u1ebfn khi m\u1ecdi th\u1ee9 c\u00f3 s\u1ef1 thay \u0111\u1ed5i.<\/span><\/p>\n

C\u1ee9 m\u1ed7i l\u1ea7n th\u1ecb tr\u01b0\u1eddng c\u01a1 s\u1edf bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh l\u00e0 c\u01a1 h\u1ed9i l\u1edbn \u0111\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng ph\u00e1i sinh. V\u00e0 th\u1ef1c t\u1ebf phi\u00ean 24\/7 \u0111\u00e3 ch\u1ee9ng khi\u1ebfn d\u00f2ng ti\u1ec1n ch\u1ea3y v\u00f2ng th\u1ecb tr\u01b0\u1eddng ph\u00e1i sinh r\u1ea5t l\u1edbn. Trong ng\u1eafn h\u1ea1n, \u00f4ng\/b\u00e0 \u0111\u00e1nh gi\u00e1 nh\u01b0 th\u1ebf n\u00e0o v\u1ec1 c\u01a1 h\u1ed9i v\u00e0 r\u1ee7i ro \u0111\u1ed1i v\u1edbi c\u00e1c s\u1ea3n ph\u1ea9m ph\u00e1i sinh?<\/span><\/p>\n

\u00d4ng\u00a0Ng\u00f4 Qu\u1ed1c H\u01b0ng,\u00a0Chuy\u00ean vi\u00ean nghi\u00ean c\u1ee9u cao c\u1ea5p,\u00a0B\u1ed9 ph\u1eadn Chi\u1ebfn l\u01b0\u1ee3c Th\u1ecb\u00a0tr\u01b0\u1eddng, CTCK MBS:<\/span><\/strong><\/p>\n

Th\u1ecb tr\u01b0\u1eddng c\u01a1 s\u1edf \u0111i v\u00e0o v\u00f9ng bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh s\u1ebd l\u00e0 m\u00f4i tr\u01b0\u1eddng thu\u1eadn l\u1ee3i \u0111\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng ph\u00e1i sinh. Ngo\u00e0i m\u1ee5c \u0111\u00edch hedging cho danh m\u1ee5c c\u1ed5 phi\u1ebfu c\u01a1 s\u1edf, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 t\u1eadn d\u1ee5ng s\u1ef1 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u0111\u1ec3 l\u01b0\u1edbt s\u00f3ng trong phi\u00ean ho\u1eb7c n\u1eafm gi\u1eef v\u1ecb th\u1ebf theo trend. Tuy v\u1eady, v\u1edbi vi\u1ec7c th\u1ecb tr\u01b0\u1eddng dao \u0111\u1ed9ng m\u1ea1nh c\u0169ng c\u00f3 th\u1ec3 khi\u1ebfn nh\u00e0 \u0111\u1ea7u t\u01b0 l\u1ed7 v\u1ecb th\u1ebf khi kh\u00f4ng theo k\u1ecbp bi\u1ebfn \u0111\u1ed9ng trong phi\u00ean.<\/span><\/p>\n

\u1ede th\u1eddi \u0111i\u1ec3m hi\u1ec7n t\u1ea1i, \u0111i\u1ec3m v\u00e0o t\u1ed1t nh\u1ea5t c\u00f3 l\u1ebd \u0111\u00e3 qua, s\u1ebd r\u1ea5t r\u1ee7i ro cho nh\u00e0 \u0111\u1ea7u t\u01b0 short \u0111u\u1ed5i v\u00ec th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 c\u00f3 nh\u1ecbp h\u1ed3i k\u1ef9 thu\u1eadt sau phi\u00ean gi\u1ea3m s\u00e2u. Do v\u1eady, n\u1ebfu th\u1ecb tr\u01b0\u1eddng kh\u00f4ng r\u00f5 trend ho\u1eb7c \u0111ang \u1edf giai \u0111o\u1ea1n bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh, nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng n\u00ean gi\u1eef v\u1ecb th\u1ebf qua \u0111\u00eam, trading trong phi\u00ean v\u1eabn l\u00e0 chi\u1ebfn l\u01b0\u1ee3c ph\u00f9 h\u1ee3p l\u00fac n\u00e0y.<\/span><\/p>\n

\u00d4ng \u0110\u00e0o Tu\u1ea5n Trung, Gi\u00e1m \u0111\u1ed1c\u00a0Trung t\u00e2m nghi\u00ean c\u1ee9u CTCK Vietinbank<\/span><\/strong><\/p>\n

C\u01a1 h\u1ed9i xu\u1ea5t hi\u1ec7n t\u1ea1i th\u1ecb tr\u01b0\u1eddng ph\u00e1i sinh v\u1edbi l\u1ee3i th\u1ebf T0 c\u00f9ng s\u1ed1 l\u01b0\u1ee3ng nh\u00e0 \u0111\u1ea7u t\u01b0 tham gia l\u1edbn, \u0111\u1eb7c bi\u1ec7t khi th\u1ecb tr\u01b0\u1eddng c\u01a1 s\u1edf g\u1eb7p nhi\u1ec1u kh\u00f3 kh\u0103n, nh\u1ea5t l\u00e0 trong giai \u0111o\u1ea1n k\u1ebft qu\u1ea3 kinh doanh qu\u00fd II c\u1ee7a nhi\u1ec1u doanh nghi\u1ec7p v\u1eabn ch\u01b0a \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 ch\u00ednh th\u1ee9c.<\/span><\/p>\n

Tuy v\u1eady, r\u1ee7i ro v\u1eabn xu\u1ea5t hi\u1ec7n khi bi\u00ean \u0111\u1ed9 dao \u0111\u1ed9ng trong phi\u00ean l\u1edbn, khi\u1ebfn c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng tu\u00e2n th\u1ee7 k\u1ef7 lu\u1eadt \u0111\u1ed1i di\u1ec7n v\u1edbi r\u1ee7i ro m\u1ea5t v\u1ed1n trong th\u1eddi gian ng\u1eafn.<\/span><\/p>\n

\u00d4ng Nguy\u1ec5n H\u1eefu B\u00ecnh, chuy\u00ean gia ch\u1ee9ng kho\u00e1n<\/span><\/strong><\/p>\n

T\u00f4i ch\u01b0a bao gi\u1edd tham gia v\u00e0 c\u0169ng ch\u01b0a s\u1eb5n s\u00e0ng tham gia v\u00e0o l\u00fac n\u00e0y, b\u1edfi hi\u1ec7n nay ph\u00e1i sinh mang t\u00ednh \u0111\u1ea7u c\u01a1 v\u00f4 c\u00f9ng l\u1edbn. V\u00ec \u0111\u1ea7u c\u01a1 n\u00ean ch\u1ec9 s\u1ed1 bi\u1ebfn \u0111\u1ed9ng r\u1ea5t l\u1edbn, n\u00ean bu\u1ed9c s\u1ebd ph\u1ea3i m\u1ea5t nhi\u1ec1u th\u1eddi gian theo d\u00f5i m\u00e0 \u0111i\u1ec1u n\u00e0y tr\u00e1i ng\u01b0\u1ee3c v\u1edbi quy t\u1eafc \u0111\u1ea7u t\u01b0 c\u1ee7a t\u00f4i l\u00e0 ch\u1ec9 \u0111\u1ea7u t\u01b0 v\u00e0o nh\u1eefng g\u00ec m\u00ecnh hi\u1ec3u r\u00f5 nh\u1ea5t v\u00e0 c\u00f3 th\u1ec3 ki\u1ec3m so\u00e1t \u0111\u01b0\u1ee3c.<\/span><\/p>\n

\u0110\u1ed3ng t\u00ecnh l\u00e0 th\u1ecb tr\u01b0\u1eddng ph\u00e1i sinh lu\u00f4n n\u00f3ng m\u1ed7i khi th\u1ecb tr\u01b0\u1eddng c\u01a1 s\u1edf c\u00f3 bi\u1ebfn \u0111\u1ed9ng, nh\u01b0ng c\u0169ng c\u00f3 th\u1ec3 nh\u00ecn ng\u01b0\u1ee3c l\u1ea1i l\u00e0 v\u00ec th\u1ecb tr\u01b0\u1eddng ph\u00e1i sinh m\u00e0 th\u1ecb tr\u01b0\u1eddng c\u01a1 s\u1edf bi\u1ebfn \u0111\u1ed9ng. \u0110i\u1ec1u n\u00e0y l\u00e0 b\u1edfi t\u00f4i t\u1eebng ch\u1ee9ng ki\u1ebfn nhi\u1ec1u l\u1ea7n ch\u1ec9 s\u1ed1 VN-Index bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh v\u00e0o ng\u00e0y t\u1ea5t to\u00e1n th\u1ecb tr\u01b0\u1eddng ph\u00e1i sinh v\u1edbi vi\u1ec7c c\u00f3 l\u1ef1c b\u00e1n ho\u1eb7c m\u1ea1nh \u1edf nh\u1eefng c\u1ed5 phi\u1ebfu c\u00f3 t\u00e1c \u0111\u1ed9ng l\u1edbn \u0111\u1ebfn ch\u1ec9 s\u1ed1.<\/span><\/p>\n

T\u1ea1i sao th\u00ec nhi\u1ec1u ng\u01b0\u1eddi c\u0169ng \u0111\u00e3 bi\u1ebft, \u0111\u1eb7c bi\u1ec7t ch\u00fang ta t\u1eebng bi\u1ebft vi\u1ec7c Qu\u1ef9 VFM b\u1ecb UBCK ph\u1ea1t ti\u1ec1n n\u0103m 2018 do vi ph\u1ea1m quy \u0111\u1ecbnh v\u1ec1 \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n ph\u00e1i sinh. V\u00ec th\u1ebf, t\u00f4i cho r\u1eb1ng, r\u1ee7i ro v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n l\u00e0 r\u1ea5t cao, \u0111\u1eb7c bi\u1ec7t v\u1edbi vi\u1ec7c s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y l\u1edbn.<\/span><\/p>\n

Theo Tin nhanh ch\u1ee9ng kho\u00e1n<\/p>\n

M\u1eddi b\u1ea1n tham kh\u1ea3o:<\/p>\n

C\u00c1C C\u1ed4 PHI\u1ebeU \u0110\u1ea6U T\u01af D\u00c0I H\u1ea0N<\/a><\/strong><\/span> (GV: L\u00e2m Minh Ch\u00e1nh<\/a><\/strong>)
\nKh\u00f3a h\u1ecdc gi\u00fap h\u1ecdc vi\u00ean hi\u1ec3u r\u00f5 2 ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n \u0111\u1ea1t t\u1ef7 su\u1ea5t l\u1ee3i nhu\u1eadn cao: ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ea7u t\u01b0 theo tr\u01b0\u1eddng ph\u00e1i gi\u00e1 tr\u1ecb v\u00e0 ph\u01b0\u01a1ng ph\u00e1p ch\u1ecdn c\u1ed5 phi\u1ebfu v\u00e0 l\u1eadp danh m\u1ee5c \u0111\u1ea7u t\u01b0. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Th\u1ecb tr\u01b0\u1eddng \u0111\u01b0\u1ee3c d\u1ef1 b\u00e1o s\u1ebd kh\u00f3 kh\u0103n trong tu\u1ea7n giao d\u1ecbch m\u1edbi, nh\u01b0ng theo c\u00e1c chuy\u00ean gia, trong b\u1ed1i c\u1ea3nh n\u00e0y l\u1ea1i l\u00e0 c\u01a1 h\u1ed9i \u0111\u1ec3 t\u00edch l\u0169y c\u00e1c…<\/p>\n","protected":false},"author":14,"featured_media":4421,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1,33],"tags":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/bizuni.vn\/kien-thuc-quan-tri\/wp-content\/uploads\/2020\/07\/stock-markets-coronavirus-e1582913022658.jpg?fit=1600%2C900&ssl=1","_links":{"self":[{"href":"https:\/\/bizuni.vn\/kien-thuc-quan-tri\/wp-json\/wp\/v2\/posts\/4420"}],"collection":[{"href":"https:\/\/bizuni.vn\/kien-thuc-quan-tri\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizuni.vn\/kien-thuc-quan-tri\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizuni.vn\/kien-thuc-quan-tri\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/bizuni.vn\/kien-thuc-quan-tri\/wp-json\/wp\/v2\/comments?post=4420"}],"version-history":[{"count":0,"href":"https:\/\/bizuni.vn\/kien-thuc-quan-tri\/wp-json\/wp\/v2\/posts\/4420\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizuni.vn\/kien-thuc-quan-tri\/wp-json\/wp\/v2\/media\/4421"}],"wp:attachment":[{"href":"https:\/\/bizuni.vn\/kien-thuc-quan-tri\/wp-json\/wp\/v2\/media?parent=4420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizuni.vn\/kien-thuc-quan-tri\/wp-json\/wp\/v2\/categories?post=4420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizuni.vn\/kien-thuc-quan-tri\/wp-json\/wp\/v2\/tags?post=4420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}