After yesterday's shocking decline (March 2), cash flow signals and demand returned quite positively, along with psychological support in the oil and gas and energy groups, helping the market at one point regain green color in this morning's session (March 3).
However, pressure from the bluechip group increased sharply in the afternoon session, causing VN-Index to have another fairly strong decline session and to break the MA20 support level. The market still has support points, with the main support being the oil and gas, energy, and chemical stock groups when many codes increased to the ceiling price, with high liquidity.
Closing the trading session on March 3, HOSE had 120 gainers and 214 losers, VN-Index decreased by 32.96 points (-1.79%), to 1,813.14 points. Total trading volume reached more than 1.3 billion units, value 43,741.2 billion VND.
Vingroup stocks fell sharply, taking away a total of 26 points from the market index. In addition, there were also many bluechip stocks losing points such as VNM down 3.7% to 43,500 VND, codes MWG, VCB, VPB, MBB, SAB, CTG, HPG, VJC, FPT down 2% to nearly 3%.
In the opposite direction, the oil and gas industry pair GAS and PLX were simultaneously pulled up to the ceiling price at 123,400 VND and 66,100 VND. In addition, GVR shares also touched the purple color at 45,750 VND.
The rest of the electronic board are still stocks belonging to the energy, oil and gas, chemicals, and transportation groups.
Analysis Department, VNDIRECT Securities Company assessed that geopolitical fluctuations in the Middle East region are affecting investment sentiment in the global financial market, so Vietnamese stocks are inevitably affected.
In the coming sessions, the index may be supported around the 1,820 - 1,840 point zone and if it is maintained, VN-Index still has the opportunity to return to the upward trend.
In the context that market sentiment is strongly affected by geopolitical factors and increased selling pressure, experts believe that investors should prioritize risk management strategies and cautious portfolio structures, spend time observing and evaluating the diễn biến of the index in the support zone.
Currently, we recommend investors to maintain the proportion of stocks with a stable upward trend, and at the same time reduce the proportion of stocks with strong selling pressure. Due to the risk of short-term fluctuations still existing, investors should limit disbursement, chasing after stocks that are increasing strongly to prevent unexpected fluctuations," VNDIRECT experts stated their opinion.
CSI Securities Company recommends that investors should limit sell-offs in the following sessions when VN-Index adjusts to the upper support zone, and may even open more positions, increasing the proportion of stocks that are profitable in the portfolio at the support level of 1,824 - 1,835 points.
