Beware of foreign investors "dumping" their holdings.

(NLDO) – On January 16, foreign investors sold a net 3,106 billion VND worth of shares, and this trend may not stop yet.

At the close of trading on January 16th, the VN-Index rose 6 points (+0.5%), closing at 1,242 points.

The market continued its upward trend at the start of trading on January 16th. The morning session saw a rapid increase, led by securities stocks, particularly VND, which hit its ceiling price, pushing the VN-Index towards 1,245 points. However, the market slowed down at this point and gradually retreated.

In the afternoon session, although the market briefly turned red, strong buying pressure towards the end of the session helped many stocks maintain their positive performance.

At the close of trading, the VN-Index rose 6 points (+0.5%), closing at 1,242 points. Trading volume increased with 401.9 million shares traded on the HOSE exchange.

A notable point of the January 16th stock market session was that foreign investors sold a net 3,106 billion VND worth of shares, with VIC alone accounting for 2,048 billion VND of that selling. This has led many other investors to worry that this "sell-off" may not stop in the next session.

Vietcombank Securities Company (VCBS) warns that the market has not yet seen a clear inflow of capital to drive up stock prices. Therefore, the VN-Index is likely to continue experiencing fluctuations.

"Investors should continue to proactively take advantage of upward movements within each trading session to restructure their portfolios, avoiding chasing stocks that are experiencing strong price increases," VCBS recommends.

In agreement with VCBS, Rong Viet Securities Company advises investors to take advantage of the market's recovery to sell and lock in profits, or restructure their stock portfolios to minimize risk.

Source: https://nld.com.vn/chung-khoan-ngay-mai-17-1-can-trong-khoi-ngoai-xa-hang-196250116190422106.htm