Be careful of stock supply pressure

At the close of trading on May 22, the VN-Index closed at 1,266 points, down 10 points.

This trend continued until the end of the trading session, resulting in 24 out of 30 large-cap stocks (VN30) falling to the floor price. The stocks with the biggest price drops were VJC (-3%), VPB (-2.7%), MSN (-2.5%), VIC (-2%), and BCM (-1.9%).

Conversely, mid- and small-cap stocks in the banking, securities, and real estate sectors saw increased buying interest from investors, helping the market narrow its decline.

At the close of trading, the VN-Index settled at 1,266 points, down 10 points. Liquidity on the HoSE increased sharply with 1.1 billion shares successfully traded, equivalent to a value of 28,000 billion VND.

Given these developments, some securities companies predict that selling pressure may appear at the beginning of the next trading session. Subsequently, when the VN-Index retreats to the 1,260-point area, the supply of shares will increase again, helping the market index to rise.

According to Rong Viet Securities Company (VDSC), the supply of shares is actively driven by profit-taking and increasing pressure. This signal will negatively impact the market in the coming period. Therefore, investors need to slow down to observe the supply and demand of shares, and temporarily limit the purchase of new shares.

However, Mr. Nguyen Quoc Bao, senior analyst at VCBS Securities Company, still recommends that investors consider strong market fluctuations before investing in stocks in the securities, real estate, and banking sectors.

Source: https://nld.com.vn/chung-khoan-ngay-mai-23-5-can-trong-ap-luc-cung-co-phieu-196240522165412217.htm