The stock market has just experienced a volatile trading session yesterday (September 22), at one point falling close to the threshold of 1,136 points (equivalent to losing more than 70 points). Here, the high bottom-fishing demand has caused many stocks to quickly switch from a floor-to-bank situation to a "green leaf".
After that, VN-Index suddenly recovered more than 60 points from the bottom to close the session on April 22 with a decrease of only 9.94 points (-0.82%) to 1,197.13 points.
The cash flow flow flow into the market in the afternoon session pushing liquidity also skyrocketed with the value of the sudden order match on HOSE reaching VND 31,777 billion, up to 83% compared to the previous session.
bottom-fishing demand may come from cash flow of investors who have missed the recent recovery, which means that the current demand in the market is still there and are ready to participate again when the market has deep discounts.
A positive point also comes from the move of foreign investors when they continued to buy a strong net of nearly 600 billion VND in the whole market.
Analysts from CSI Securities Company believe that the reversal signal after yesterday's session has many positive signals and is likely to be a real reversal signal to return to the uptrend.
The price increase GAP ranges were tested in the previous sell-off, but demand was quickly absorbed and helped the VN-Index close to successfully protect the support levels.
CSI experts expect the VN-Index to return to the uptrend and move towards the resistance level of 1,270-1,300 points in the coming time.
It is not ruled out that today's session will have a shake-off for VN-Index to test once again the support level of 1,170-1, 180 points, this is the time for us to continue to boldly open new buying positions as well as increase the proportion of stocks.
Securities companies have expressed their view that the short-term trend of VN-Index declining below the nearest resistance zone of 1,230 points. VN-Index is making efforts to recover, creating a balance around the price range of 1,200 points.
SHS believes that many codes and groups of codes after a strong sales period are relatively cheap compared to internal factors of the business. Coordinate low-profile positions to accumulate cautiously, or consider buying short-term surfaces to lower investment capital prices. However, the market is still unpredictable, with short-term risks higher than opportunities.
Therefore, risk management is still prioritized in the current new context for cases with high rates, not in a timely manner, when the market decreases sharply. Investors maintain a reasonable proportion. The investment goal is to target codes with good fundamentals, industry leaders in strategic industries, and outstanding growth of the economy, SHS Securities Company recommends.
Dr. Nguyen Duy Phuong, Investment and Strategy Director of DG Capital, commented that the market has just experienced an unprecedented fluctuation in history. Currently, investors need to pay attention to capital preservation, especially for those who are using leverage to reduce the margin lending ratio (margin), including accepting loss reduction. Because the US tax delay is just enough for the parties to adapt to the trade war.
Exporting industries such as textiles, seafood, wooden furniture, rubber, paper, electric cables and industrial park real estate and logistics may be affected in the long term due to the risk of reducing orders as well as profit margins.
Therefore, investors need to carefully consider investment stocks, while restructuring their portfolios to industry groups that are less directly affected by trade unions and benefit when domestic growth drivers have the opportunity to rise such as banking, construction materials, public investment, securities, technology, and aviation.
