The Vietnamese stock market experienced a surprising "turnaround" in the final minutes of the trading session on December 25. Entering this morning's trading session (December 26), the majority of securities companies have commented that the general index may retreat to 1,700 points.
The market is predicted to have difficulty avoiding further declines because individual investors are more cautious after a sharp decline, leading to widespread strong selling pressure. The mentality of preserving achievements in the last days of the year can trigger a strong sell-off of stocks that had just been bought at high prices at the beginning of the week.
At the end of this morning's trading session (December 26), the stock price decreased by 52 points, equivalent to more than 3% to 1,690.47 points. There are 279 stocks that have decreased, accounting for more than three-quarters of the total stock on the HoSE. Of which, 7 codes completely decreased in range.
On the other hand, HPG became a support throughout the morning. Hoa Phat shares increased by 1.7% with leading liquidity in the market, reaching over VND 1,960 billion, accounting for more than 12% of the total floor.
The total trading value of HoSE reached VND 1,570 billion, about 65% higher than yesterday morning. The selling orders are overwhelming but there are no signs that the market is being sold off.
Investors believe that the pressure on the stock market is real. Therefore, experts advise investors to prioritize risk control and prevent selling pressure if in the coming sessions, the "Vin" group still decreases. Bring the account portfolio to the safe ratio and observe the next movements of the market.
Dr. Nguyen Duy Phuong - Director of Strategic Investment of DG Capital - said that what needs to be done now is to manage margin risks. This is a bone and blood lesson. Security violations such as on December 25 are a reminder about using too much leverage. If the investor's account is in an alarming state, prioritize bringing the cash ratio to a safe level, instead of trying to "average the price down".
Although the session on December 25 was a "cold-water bag", looking at it positively, sharp declines were necessary to shake off loose supply and bring stock valuations to more attractive levels. If the market quickly recovers to balance and the leading group (banking, securities) maintains the price base, this could be an opportunity to disburse for the new year's wave.
Commenting on the upcoming trend, Dr. Phuong said that psychological shocks like the present often pass quickly. The market may only need a few sessions to stabilize again, and is even likely to recover in the next session. The short-term trend of the VN-Index is still considered an uptrend, and the sharp decrease in the last session was not enough to break this trend. The short-term outlook of the market is still viewed in a positive light.
