In today's trading session (November 14), the stock market experienced tense tensions. However, at the end of the weekend session, the market has maintained its green color as the VN-Index reversed and increased. However, the general developments still show a clear differentiation, when the buying and selling efforts are quite reserved.
At the end of the trading session on November 14, the HOSE floor had 153 stocks increasing and 138 stocks decreasing, the VN-Index increased by 4.02 points (+0.25%), to 1,635.46 points. Thus, in the last trading week, the VN-Index recovered by 36.36 points, equivalent to +2.27%.
Today's trading session witnessed a strong differentiation in the bluechip group, but the price range only stopped at a low level. In addition to LPB increasing by more than 2% to 49,900 VND, the following stocks only increased by 1.5%, down to 1.5%, namely FPT, HPG, VNM and MWG. Meanwhile, on the other side, the two stocks that fell the most were MSN and STB but also lost just over 1%.
The highlight is probably SHB, when matching the highest order in the group and far exceeding the remaining amount with more than 62.8 million units, the stock price is at 16,350 VND. The group of small and medium-sized stocks also differentiated and was mostly gloomy.
Foreign transactions are still a minus point when continuing the net selling momentum of 672 billion VND in the whole market. Market liquidity has not really exploded when the trading value on HOSE was only around VND20,000 billion and the active buying force was not noticeable. Cash flow in the market is still in a defensive state, reflected in the continuous liquidity level at a low level in recent sessions.
In the short term, investors assess that the resistance level around 1,650 points will be an important inspection area to assess the market's ability to recover sustainably. Before VN-Index surpassed and remained stable in this region, liquidity was expected to still only fluctuate around VND20,000-25,000 billion/session, reflecting the cautious sentiment of investors.
According to investors, the market is entering a period of low information and investors tend to trade cautiously, proactively taking profits from part of stocks that have increased strongly in the previous period.
After losing the support zone of 1,620 points and falling to the lower price zone, the VN-Index has established a short-term downtrend. To clearly signal a reversal, the index needs to remain stable above the 1,650 point threshold - considered a milestone confirming the trend change.
Dr. Nguyen Duy Phuong, Director of DG Capital strategic investment, expressed the view that the current recovery is mainly technical when the index approaches the downstream of the downtrend, creating conditions for bottom-fishing demand to appear. The recovery momentum still depends largely on the pillar group; if there is no spread of cash flow to other industry groups, the recovery trend will be difficult to sustain.
However, profit-taking pressure will increase when the VN-Index approaches the resistance zone of 1,6301,650 points. This is an important inspection area to assess the strength of cash flow and determine whether the market is reversing sustainably or is just a short-term technical hoi.
If the decline returns, the 1,4901,510 point zone will likely play a strong support role and activate demand more clearly. Investors should observe the market reaction in the next 1-2 sessions, especially at the resistance zone of 1,6301,650 points, to confirm the recovery trend more clearly.
In the current context, experts say that short-term buying during the hoi rounds will have high risks, especially when investors are easily affected by T+ pressure if the market soon turns around. The reasonable strategy at this time is to maintain the stock's proportion at a moderate level, about 50-70% of the portfolio, while prioritizing risk management and observing the market's reaction at the 1,630-1,650 point range before taking action.
