Stock market November 14: VN-Index needs more time to break out

(NLDO) – Cash flow is concentrated in certain groups of stocks, making the market need more time to create a sustainable uptrend.

At the end of the session on November 13, VN-Index closed at 1,631 points, down 0.42 points (-0.03%)

The morning session of November 13 started positively when VN-Index increased slightly by 2.63 points (0.16%) thanks to the strong demand for pillar stocks such as VIC, MSN and MWG. However, the increase soon slowed down, the index fluctuated within a narrow range of +/-5 points.

In the afternoon session, selling pressure accelerated from the banking group (SHB , TCB), Vingroup real estate and securities, pushing the VN-Index down below the 1,630 point mark in just the first 30 minutes. Fortunately, strong buying pressure returned at the end of the session, focusing on stocks such as SHB, VIC and TCB, helping the market narrow the decline.

At the end of the session, VN-Index closed at 1,631 points, down 0.42 points (-0.03%), marking the third consecutive session that the index fluctuated within a narrow range.

According to Rong Viet Securities Company, liquidity on November 13 decreased slightly, showing that supply has not yet caused great pressure. Investors are likely to trade tentatively in the next session. During this process, if the supporting cash flow is maintained and there is a move to absorb supply, the market will be able to create a new wave of increase.

However, VCBS Securities Company believes that VN-Index is in a period of tug-of-war, re-testing the supply and demand of stocks around the 1,630-1,650 point range. Cash flow is clearly differentiated, focusing on groups of stocks that have not had a strong increase in recent times such as oil and gas, livestock and maritime transport.

With the current situation, VCBS Securities Company recommends that investors prioritize short-term investments, select stocks with signs of increasing demand and disburse small amounts during market fluctuations. Some notable groups include construction, oil and gas and chemicals.

Source: https://nld.com.vn/chung-khoan-ngay-14-11-vn-index-can-them-thoi-gian-de-but-pha-196251113170734616.htm