Which stocks are being bought at their lowest prices?

(NLDO) – On October 28th, the stock market saw some stocks fall to their lowest levels, which could encourage investors to disburse funds.

At the close of trading on October 28, the VN-Index closed at 1,254 points, an increase of 2 points.

During this session, large-cap stocks and many other groups saw a slight recovery. However, towards the end of the session, selling pressure and correction pressure on large-cap stock Vinhomes (VHM) caused the market to fluctuate sluggishly, before regaining positive momentum thanks to the price increases of many large-cap stocks.

At the close of trading, the VN-Index stood at 1,254 points, up 2 points, or 0.16%.

Among the top 30 stocks, 15 saw price increases, including PLX (+1.1%), HPG (+1.1%),ACB (+1%), TPB (+0.9%), STB (+0.9%), etc. Conversely, 9 stocks closed in the red, such as VHM (-2.6%), VNM (-1.2%), HDB (-0.9%), VJC (-0.6%), BCM (-0.3%), etc.

Some stock brokers reported a sharp drop in liquidity on October 28th, with only 482 million shares successfully traded. This indicates a significant decrease in liquidity, suggesting that selling pressure has eased, but demand is awaiting confirmation signals that the stock price has bottomed out.

Based on the above developments and assessments, VCBS Securities Company recommends that investors can gradually disburse funds into stocks in the real estate, steel, and securities sectors that have shown signs of successfully testing their bottom prices.

However, according to Rong Viet Securities Company (VDSC), the recovery at the end of the trading session on October 28th is not sustainable because the money flow remains weak. Therefore, investors need to observe supply and demand developments, maintain a reasonable proportion of stocks in their portfolios, and avoid falling into an overbought state.

Source: https://nld.com.vn/chung-khoan-ngay-mai-29-10-bat-day-gia-co-phieu-nao-196241028173406351.htm