Stocks are in trouble again.

Leaders of some securities companies also expressed confusion about the developments of the stock market.

After a slight recovery session, the domestic stock market faced strong selling pressure at the end of the session on November 14, causing all indices and stocks to close in red. VN-Index recorded a decrease of 14.15 points (-1.14%) and closed at 1,231.89 points, the lowest in the past 3 months. Red dominated with 284 stocks decreasing and only 62 stocks increasing. Liquidity, although slightly increased compared to the previous session, was still low, just over 16,100 billion VND.

Foreign investors have continued to net sell for the past 10 sessions. The net selling value on the floor this session was over VND940 billion, focusing on large-cap stocks.

On forums and investment groups, investors expressed their disappointment and began to look for answers to the question of why the VN-Index could easily break through the strong support zone of 1,240 points. Previously, securities companies and financial institutions all said that stocks would benefit from positive information from the macro, economic growth, circulars to ease transactions for institutional investors and the roadmap to upgrade the Vietnamese stock market. Some people suspected that the selling pressure at the end of the session was due to companies selling off shares in investors' accounts to pay off debts.

Speaking to reporters from the Lao Dong Newspaper, leaders of several securities companies also expressed confusion about the developments in the stock market. Because, although there is not much negative information, the VN-Index continues to decline.

Ms. Tran Khanh Hien, Director of Analysis - MBS Securities Company, said that there are some factors affecting the stock market. That is the USD/VND exchange rate increasing rapidly; interbank interest rates increased to over 5%, showing that liquidity in the market is tense. However, these factors are not too negative for the VN-Index to fall sharply like the session on November 14.

From the perspective of a financial expert, Dr. Dinh The Hien believes that the stock market is in a downward trend. Since the beginning of the year, the VN-Index has increased from 1,130 points to 1,300 points, equivalent to an increase of about 15%. This increase is 3 times higher than the normal savings channel, so the current adjustment is not too surprising.

"There is a paradox that when the VN-Index reaches 1,300 points, investors are encouraged to buy or invest in stocks, causing many people to suffer losses when the index goes down. Meanwhile, a falling market is an opportunity to buy and accumulate stocks" - Dr. Dinh The Hien acknowledged.

Source: https://nld.com.vn/chung-khoan-lai-gap-kho-196241114211715294.htm