After a spectacular recovery yesterday, the VN-Index quickly turned around and adjusted right when entering the continuous order matching session of today's trading session May 21.
Pressure came from the reversal of large Vingroup stocks, along with the energy stock group quickly returning to lead the strong decline of the market after a positive recovery momentum at the end of yesterday afternoon's session.
VN-Index showed efforts to recover in the afternoon session, from the 1.890 point zone, the index at one point approached 1.908 points. However, the reversal wind in the ATC session caused the index to close the trading session on May 21 at 1.896.89 points, equivalent to a decrease of 16.34 points.
The transaction value is also a noteworthy point when it only recorded nearly 23,300 billion VND, of which HOSE alone is more than 22,0000 billion VND. The fact that the market fluctuated unpredictably, especially in the ATC session, accompanied by sluggish liquidity is still a characteristic of derivative maturity sessions.
In today's trading session, the main pressure still came from VIC decreasing by 3.53% and representing a "sad" day for the real estate group, or the oil and gas group including GAS decreasing by 2.68%, BSR decreasing by 3.46%... Meanwhile, the banking and securities groups showed a very differentiated picture.
However, the market still recorded 350 gainers today, more than 312 decliners. Among them, 20 stocks hit the ceiling price, notably PC1 and PWS.
Foreign investors net sold very strongly in today's session and increased pressure. With a buying volume of more than 2,000 billion VND and selling nearly 3,000 billion VND, foreign investors closed today's session with net selling of about 1,700 billion VND, the strongest since the session on April 28.
VIC continues to attract attention when being net sold by foreign investors up to 517 billion VND. Besides, FPT was also net sold more than 316 billion VND, MBB more than 174 billion VND, VHM nearly 140 billion VND...
Experts from VDSC Securities Company recommend that investors slow down and observe the supply and demand movements to assess the selling pressure of the market, as well as the support efforts of the 1,910 point zone. If this zone still creates good support momentum, the market still has the opportunity to test the resistance zone in the near future. Although the technical chart has not violated the short-term support zones, the risk of strong fluctuations and differentiation is present, especially in the state that net selling pressure from foreign investors is still quite intense.
In this period, investors should temporarily postpone increasing the proportion of stocks that have increased sharply, and consider reducing the portfolio proportion when stocks experience weak technical recovery to optimize risk management. If the portfolio proportion is at a safe level, investors can consider rapid adjustment after the recent price increase in some stocks to buy short-term.
SHS Securities Company believes that the short-term trend of the market still maintains growth above the psychological support zone of 1,900 points under the influence of rotating and keeping pace of large-cap stocks.However, market quality is weakening.Many short-term positions are losing money, leading to sudden selling pressure in many stock groups.Investors who maintain high proportions and expanded portfolios need to continue to control risks.Restructure the short-term portfolio to good quality codes and code groups.Investment goals are aimed at codes with good fundamentals, leading industries in strategic industries, and outstanding growth of the economy.
