Be careful with foreign net sellers

(NLDO) - During the trading session on March 20, foreign investors aggressively sold a net 1,409 billion VND worth of shares. Stock market participants should exercise caution regarding this move.

At the close of trading on March 20, the VN-Index fell 0.7 points (-0.05%), closing at 1,323 points.

Despite turning green at the start of the March 20th trading session, the market was quickly halted at the 1,332-point level. The main pressure remained the strong net selling by foreign investors, which negatively impacted the market.

Cash flow provided some support in the afternoon session, but strong competition for shares prevented the market from returning to positive territory.

At the close of trading, the VN-Index fell 0.7 points (-0.05%), closing at 1,323 points. Trading volume decreased, with 821.2 million shares traded on the HOSE. Foreign investors heavily sold off shares, totaling 1,409 billion VND, focusing on stocks likeFPT , TPB, and HPG. This has led to concerns among investors that this trend may continue in the next trading session.

However, VCBS Securities Company stated that signs of recovery appeared at the end of the trading session on March 20th, when bargain-hunting capital flowed into several industry groups and individual stocks.

"Investors can selectively choose stocks that are attracting capital inflows, and gradually disburse funds in subsequent sessions when the market experiences fluctuations. Some notable sectors include construction, public investment, and retail..." - VCBS Securities Company recommends.

Meanwhile, Rong Viet Securities Company (VDSC) stated that investors can make short-term purchases of stocks that are performing well or have good upward price patterns.

Source: https://nld.com.vn/chung-khoan-ngay-mai-21-3-can-trong-khoi-ngoai-tiep-tiep-ban-rong-196250320181519739.htm