After a historic peak with liquidity of more than 2 billion USD yesterday, entering this morning's trading session (September 29), after a few minutes of continuing to push the VN-Index up by nearly 10 points to over 1,565 points, profit-taking pressure has increased sharply over a wide area, causing the VN-Index to take a downward trend.
This decreasing pressure is contributed strongly by VHM, VIC and many banking codes. However, supply is not too strong while the pressure of selling at low prices has been somewhat absorbed by FOMO cash flow, so the VN-Index has almost no further decline significantly.
At the end of this morning's trading session, the VN-Index decreased by 23.81 points to 1,533.61 points. Market liquidity reached VND 36,437 billion with more than 1.4 billion shares transferred. Experts predict that market liquidity will likely continue to increase in the afternoon session and set a new historical high.
The appearance of a shake-up is something that many securities companies predict that the market's adjustment pressure will soon take place as it has increased rapidly in recent times. The stock market with the current strong momentum is likely to continue to break out to conquer new peaks, most recently the 1,550-point zone of the VN-Index.
However, there will be adjustments to shake it off. With the current very high anchorage nature, the adjustment sessions will be relatively strong and investors need to prepare mentally as well as position appropriately to avoid being sold "at the bottom".
The recent increase has been widespread but largely driven by the use of margin, raising concerns about the risk of strong corrections and making investors more cautious when switching to unfamiliar stocks. The high margin use rate and large unpaid profits also contribute to slowing down the cash flow circulation to the mid- and small-cap group.
Looking back at the market in recent times, although the VN-Index has surpassed the 1,500-point mark, the increase is still largely due to some Vingroup codes. If we separate the increase from these codes, most markets will still fluctuate around below the threshold of 1,500 points, showing that many stocks have not returned to historical peaks. In addition, recent quarterly business results are showing signs of improvement widely, factors that can add momentum to help the index have a great opportunity to convincingly break out of the resistance zone of 1,510 - 1,530 points.
Some experts believe that the adjustment is reasonable and investors have the opportunity to buy attractive stocks such as stocks or real estate. The adjustment will help the market consolidate the price base, relieve profit-taking pressure, and at the same time create conditions for new cash flow to join. This is an opportunity for investors to restructure their portfolios, instead of considering it a signal to reverse the trend.
With cash flow still very strong, it is also those forecasts that the correction will be healthy for the VN-Index to strengthen its strength to move up to higher levels.
