Stocks fall deeply for 4 sessions, investors should reduce portfolio

Bottom-fishing demand is threatening to appear but selling pressure is still too great, causing the stock market to continuously turn red today (September 26). A deep correction at the end of the session caused the VN-Index to fall 15.24 points, equivalent to 1.32%, to 1,137.96 points. Liquidity on HOSE decreased to VND21,617 billion.

Market breadth was negative with 14/18 sectors losing points. Of which, the chemical sector continued to lead the decline today, followed by real estate, seafood, electrical equipment... On the contrary, the securities group attracted good demand, with a series of codes increasing by over 1% such as SSI, HCM, SHS, MBS...

In contrast to the caution of domestic cash flow, foreign investors continued to disburse net purchases with liquidity of 638 billion VND in many codes such as SSI, HPG, HUT... They net sold in codes such as FUESSVFL, GVR, MWG...

Futures contracts all decreased in line with the movement of VN30. Warrants also fluctuated in line with the weakening of the underlying stock.

VN-Index officially "broke" the bottom of August. Many speculative stocks raced to hit the floor. Screenshot

According to experts from VCBS Securities Company, in terms of the daily chart, most indicators are pointing down and have not yet shown signs of bottoming. This shows that active selling liquidity can still continue to increase in the coming sessions. In addition, the Bollinger band is also expanding downwards, showing that the market has not been able to find a balance point.

Investors are advised to take advantage of recovery sessions to restructure and reduce their portfolios. They should only maintain a stock ratio of 10-20% of their account for stocks that are still successfully holding the support zone to maximize risk management.

BSC Securities Company assessed that the VN-Index has encountered resistance at the 1,165 point area and has even fallen below the support level of 1,145 points. The development of the VN-Index tomorrow (September 27) depends on the bottom-fishing demand around the 1,135 point level. In case the buying force here is weak, the index may continue to decline and fall to the support level of 1,120.

Phu Hung Securities Company (PHS) commented that the market is in a short-term downtrend after the session on September 25. In case the support zone of 1,150 points is broken, the VN-Index may be under pressure to the support zone of 1,100 points, corresponding to MA 200. Investors should maintain a low "surfing" ratio to limit unexpected risks from the general market.

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