The stock market is still in a series of declining days. In today's session (June 2), the market maintained a rather gloomy trading state. Besides the red color still spreading on the electronic board, the bluechip stock group continued to increase pressure, causing VN-Index to retreat deeper and deeper, to the lowest price range for about 1.5 months.
Closing the session on June 2nd, VN-Index decreased by 18.07 points (-0.98%), to 1,826.47 points. Total trading volume reached more than 727 million units, worth 19,486 billion VND.
The VN30 group fell deeply when closing down nearly 17 points, of which 26 codes decreased and only 3 codes maintained green color. The noteworthy point of today's market is that NVL stock suddenly appeared a large "transformation". Selling pressure appeared right at the opening of the afternoon session, causing NVL to quickly fall to the floor.
At the end of the session, NVL decreased by 6.9% to the floor price of 14,200 VND/share with liquidity reaching more than 26.8 million units and floor selling surplus of up to 24.5 million units. Notably, Novaland has just announced that on June 11, it will close the shareholder list to implement a plan to issue bonus shares to increase charter capital.
In addition to NVL, some other real estate stocks were also sold quite strongly in the afternoon session, such as PDR at one point falling to near the floor price and closing down 5.3% to 15,250 VND/share with liquidity reaching 20.1 million units; CII also closed the session down sharply by 5.4% to 16,550 VND/share and matched orders for 22.9 million units...
In terms of industry groups, the technology group still leads the market with an increase of more than 2.6%, of which FPT increased by 2.6%, CMG increased by more than 3.8%. Followed by the insurance group with the main contributor being BVH increasing by nearly 3.9%.
On the contrary, increased selling pressure made the energy group the group with the strongest decrease in the market, in which BSR decreased by 3.1% with the leading liquidity in the industry, reaching more than 10.5 million units.
Standing in 2nd place is the securities group, with codes simultaneously falling deeper, such as VIX down 2.8% and the most active liquidity in the industry, reaching 30.7 million units; VND down 2.3% and matched 17.3 million units, SSI down 1.6% and matched 16.9 million units...
Experts believe that the downward trend of trading volume in correction phases is often a characteristic of a relatively healthy correction phase, in which new cash flow is still cautious and investors are not willing to sell at any price.
Although the market is facing certain challenges in the short term, experts believe that the medium-term upward trend is still maintained, as VN-Index continues to move on important moving averages MA50, MA100 and MA200 days. Accordingly, potential support zones that may help the market recover include the 1,800-1,810 point zone and the 1,740 point zone.
The most risky scenario for the market given by experts is that the market continues to adjust to retest near support zones, which is the main scenario, especially if demand does not improve soon in the coming sessions.
The recommendation given to short-term investors is to prioritize risk management, reduce the proportion in technical recovery and absolutely avoid using leverage, only consider disbursement when clear bottom-fishing signals appear with explosive liquidity, focusing on stock groups with their own story.
Meanwhile, for medium and long-term investors, this is a suitable time to start partially exploratory disbursement in medium-term support zones, prioritizing stocks with solid fundamentals and staying away from strongly volatile or illiquid industry groups.
