In today's trading session on January 23, trading on the stock market became faint in many stock industry groups with a sharp decrease in liquidity.
Throughout the trading session, the VN-Index did not show any significant fluctuations. Notably, investors' strong profit-taking at the end of the session in many real estate, chemical, insurance, and service codes... as well as some bluechips widening their decline caused the index to fall to the range of 1,870 points.
At the close of the trading session on January 23, VN-Index decreased by 11.94 points to 1,870.79 points. Total trading volume reached more than 888.7 million units, worth 29.347 billion VND. Thus, in the past trading week, the VN-Index slightly decreased by 8.34 points, equivalent to -0.44%.
Foreign investor trading is still a minus point when continuing the net selling momentum of 190 billion VND on the entire market.
In today's trading session, pressure came from some bluechips, with BCM being the highlight when it fell to the floor price -7% to 69,300 VND, matched nearly 2 million units. Followed by two names VNM -5.2% to 67,200 VND and GVR -5.4% to 36,900 VND. The next stocks as mentioned are CTG, BID, GAS, VCB, along with VPB, FPT, SAB decreasing from more than 2% to more than 3%.
On the contrary, VJC shares suddenly increased sharply as a pillar, hitting the ceiling price of +7% to VND 193,600. VIC shares, although only +2.7% to VND 165,400, contributed more than 7 points to VN-Index.
Other stocks with the highest liquidity group in the VN30 basket such as HPG, SSI, SHB were all gloomy, matching from 24.2 million to more than 49 million units.
Stocks in the real estate, service, insurance, fertilizer, and chemical groups also eased their decline from more than 3% to more than 6%.
VN-Index has had a downward trend for four consecutive sessions. However, the downward range is all at a low level and today's session is no exception. For most of the session, VN-Index traded in green, so the slightly downward closing did not send any noteworthy reversal signals.
The index is still assessed to be in an upward trend and is highly likely to move towards the resistance level of 1,930-1,960 points in the coming sessions. At this level, experts believe that selling pressure will increase more strongly and it is highly likely that VN-Index will have a correction phase.
A reasonable strategy is to hold on to the growth trend of the leading stocks in the leading market group until the trend changes. Limit the expansion of more stocks. Disbursement positions should be considered short-term speculation and need to be assessed and risk controlled if any.
