The stock market recorded a fairly strong fluctuation in the trading session on October 22. In the morning session, there were times when cash flow showed signs of being withdrawn, causing the holding company to feel insecure and turn to sell.
Red quickly reappeared on the electricity billboard as the supply of goods was pushed out en masse. VN Index had a time when it "evaporated" more than 30 points amid investors' concerns.
Surprise continued to occur in the final match when many large stocks suddenly reversed, thereby pulling the green back on the electric board. Thanks to that, the VN Index ended the session up 15 points, up to 1,678.5 points. The entire HoSE floor recorded 218 stocks increased compared to 113 stocks decreased and 33 stocks remained unchanged.
Market liquidity has improved somewhat, but is still insignificant compared to previous sessions. In today's entire session, the trading value of HoSE only reached VND 29,300 billion, equivalent to VND 973.4 million of matched stocks.
In terms of impact, VPL, VHM, GAS and FPT stocks are the stocks that have the most positive impact on the VN-Index with an increase of more than 7.3 points. On the other hand, TCX, VIC, SHB and CRV are the stocks that are still under selling pressure and take away 1.4 points.
After a record sharp decline of nearly 95 points for the VN-Index and more than 100 points for the VN30, the market had its first trading sessions of efforts to balance, with the main driving force from large-cap stocks. However, there are still deep declines and floor cuts, showing increased differentiation and easily pulling supply back.
Experts still recommend that investors still need to observe the market carefully in the coming sessions to see if the market sentiment after a strong selling session has stabilized or not. At the same time, maintain a safe deposit ratio and wait for the VN-Index's balance point to seek opportunities for disbursement again for stocks expected to record good business results at the end of the year.
