Contrary to the cautious forecast of securities companies after the market had a sharp decrease in trading volume with record matching, the investor sentiment in today's session, July 30, was quite comfortable.
With the assessment that the market is in the uptrend phase, the adjustment is normal, helping investors confidently pour money to "catch the bottom". Rapid cash flow helps the market reverse to increase points. Although it has not helped the market regain what it has lost, today's increase is expected to help the market continue to trade enthusiastically in the following sessions.
At the end of the session on July 30, VN Index increased by 14.22 points (equivalent to 0.95%) to 1,507.63 points. Green returns to the HoSE electricity board with 223 codes of increase, including 21 codes of ceiling increase, compared to 11 codes of decrease.
Liquidity of HoSE in today's session, although sharply decreased compared to the previous session, still stood at a very good level. Accordingly, today's session has 1.66 billion shares matched, equivalent to a trading value of VND41,653 billion. In the whole market, the total transaction value reached more than VND 46,500 billion.
According to statistics, the two strongest cash flow attraction codes in the market are SHB and SSI when they both recorded transaction values exceeding VND 2,000 billion. In which, SHB leads in both volume and value with over 142 million units and VND 2,276 billion.
A positive sign recorded in today's session is that foreign investors "turned around" to net buy nearly VND1,500 billion on the HoSE after a series of 4 net sales. Accordingly, the group of stocks that investors bought the most were SHB, VIX, VNM, CTG, VPB.
Experts say yesterday's strong market correction session is a good sign for the long term as this is a necessary adjustment of the market after a period of hot, short-term increase and helped cool down the quite tight situation of the market's margin.
In fact, from the April bottom to more than 1,560 points, the VN-Index has increased by more than 42-43% without a significant correction, so this shake-off could be a new stage waiting for the upcoming market waves to be more sustainable when the current market valuation is still quite attractive compared to the market's profit growth.
The current market valuation around the 15-fold mark is still much lower than the 19-20-fold high at the same time around the 1,500-fold mark in 2022, so considering the context of different growth quality of the market thanks to the current strong domestic cash flow while Vietnam is still maintaining a low interest rate environment.
The market approaching the historical peak is always accompanied by a large number of investors taking profits because their profits are being accumulated quite large, leading to an adjustment. However, this is also a very good opportunity for investors, especially investors who missed the opportunity in the previous increase to buy good, discounted stocks.
For investors holding stocks using leverage, they need to consider reducing their position to prevent the market from getting worse. Risk management, especially when using leverage, needs to be focused on in this context. Leading stocks, especially banks and companies with good semi-annual business results, can soon recover and increase again.
