Many pillars in the large-cap basket such as VIC, HPG, VCB … lost more than 1.5% compared to the reference, causing the VN-Index to plunge quickly. The index representing the HCM City bourse is losing more than 11 points, down to 1,056 points. The mass discharge pushed the liquidity up from the first minutes of the session. Less than half an hour, more than 72 million shares were traded, worth approximately 1,500 billion VND. Foreign investors also focus on selling stocks with good fundamentals such as VNM, VHM, and VRE.
The VN-Index yesterday increased by nearly 12 points to 1,067 points. The market still maintains a consensus between price and cash flow. The spillover level of pillars, especially banking and real estate groups, actively helped the index break through the convincing threshold of 1,064 points.
Research group of Bao Viet Securities Company agrees that the short-term trend of the VN-Index is still positive with the target resistance zone of 1,100-1,110 points. However, with a more cautious view, the analysts predicted that the market today might fluctuate strongly, especially in the closing period when the futures contract maturity activity in December takes place.
“Cash flow will continue to alternately move through stock lines to seek profit. Investors can continue to hold stocks and consider selling and reducing the proportion of short-term positions in uptrend sessions. excitement from the beginning, “wrote the Bao Viet Securities update.