Has the selling pressure on shares not ended yet?

(NLDO) – Selling pressure from banking stocks on January 9th spread to many other sectors, and the selling pressure may not yet have stopped.

At the close of trading on January 9th, the VN-Index closed at 1245 points, down 5 points, or 0.42%.

During the morning session, the market experienced a sharp decline as several large-cap banking stocks fell, most notably BID (-2.4%), VCB (-0.6%), and CTG (-1.2%).

Entering the afternoon session, the general index still failed to regain its positive momentum as strong selling pressure occurred on bank stocks and Hoa Phat Group (HPG) shares. Liquidity was almost "frozen," reflecting the gloomy trading sentiment that often appears when the market is approaching the long Lunar New Year holiday.

At the close of trading, the VN-Index settled at 1245 points, down 5 points, or 0.42%.

According to VCBS Securities Company, the market is lacking demand and supply pressure has not yet ended. Liquidity on January 9th decreased sharply by 20% compared to the previous trading session, indicating that the upward momentum of the general index is quite low, and money is gradually flowing out of the market.

Therefore, investors may consider restructuring their portfolios by removing stocks that are not showing signs of recovery, while maintaining holdings of stocks with potential for future price increases," VCBS Securities Company recommended.

Meanwhile, Rong Viet Securities (VDSC) noted that the supporting cash flow is increasingly weak, leading to a gloomy market sentiment. Therefore, Vietnamese stocks need more time to retest the support zone around 1,240 points – the lowest level of December 2024.

Source: https://nld.com.vn/chung-khoan-ngay-mai10-1-ap-luc-cung-co-phieu-chua-cham-dut-196250109180109601.htm