In today's trading session, March 12, there were many times when strong selling pressure put pressure on the market, especially in the VN30 group of stocks.
The VN-Index has also suffered strong fluctuations, sometimes even being pushed below the reference level. However, investor sentiment has not been shaken, thereby helping the market stand firm and transactions also take place vibrantly.
At the end of the trading session, the VN-Index increased slightly by 1.87 points to 1,334.41 points. The total trading volume reached 942 million units, worth VND 21,937 billion. Of which, the agreement transaction contributed 90.8 million units, worth VND 2,388.5 billion.
Foreign transactions were a minus point when they sold a whopping VND925 billion in today's session.
On HoSE, foreign investors net sold approximately VND836 billion. FPT shares were net sold the most by foreign investors in the whole market with a value of VND 298 billion. In contrast, VHM shares were net bought strongly with a value of 151 billion VND.
The stock has surpassed 1,300 points since the session of February 24, so far Vn-Index has had 12 sessions holding above this important psychological mark. This is the third time the market has returned to this threshold after the sessions of June 2022 and June 2024. Previous times exceeding these markers, liquidity often increased, bringing a positive mentality to investors.
According to many groups of analysts, after building a stable price foundation around 1,330 points and showing no signs of retreating to the support level of 1,310 points, the market is likely to increase faster in the coming sessions. Cash flow participating in the market may gradually increase.
In its March market strategy report, Mirae Asset Vietnam Securities Company said that global investment flows may become cautious when US tariff decisions will start to take effect along with counterpart tariffs to be announced in early April, which are risks that the market needs to be cautious about.
In particular, the trading outlook in March is expected to be largely affected by the shift of cash flow to industry groups with better recovery and growth prospects (steel, real estate, stocks and retail), and witnessed profit-taking pressure in leading sectors in 2024 such as banking and technology.
Mirae Asset Vietnam Securities Company expressed its view that the VN-Index is expected to continue to grow and move towards the 1,330-point mark in the context of being affected by mixed news from the international market surrounding the trading battle.
However, profit-taking pressure from the banking group will form short-term corrections to create a new balance of the VN-Index at the old peaks, especially in the context that the VN-Index is still trading at the resistance zone of 1,300 - 1,330 points formed from 2022.
