Stock market July 17: VN-Index faces strong fluctuations, investors need to be cautious

(NLDO) - The trading session on July 17 may fluctuate strongly due to the impact of the derivatives maturity date, investors need to be cautious.

Cash flow is flowing strongly into stocks in the securities, banking, real estate sectors...

In the trading session on July 16, VN-Index recorded a positive recovery after the previous session of nearly 10 points. The index closed at 1,475 points, up 14.82 points (equivalent to 1.01%), thanks to the leadership of large-cap stocks such as VIC, VHM, and HPG. Cash flow continued to move vigorously, especially flowing strongly into mid-cap stocks in the securities, banking, real estate, and public investment sectors.

Total market liquidity reached more than 30,000 billion VND, with 215 stocks increasing and 103 stocks decreasing, showing overwhelming buying power.

According to Vietcombank Securities Company (VCBS), the trading session on July 16 showed that green stocks spread widely, affirming the market's strength when VN-Index conquered the resistance level of 1,475 points.

Rong Viet Securities Company (VDSC) commented that the slight decrease in liquidity in the session of July 16 showed that profit-taking pressure had cooled down after two previous strong selling sessions.

The current recovery signal is opening up opportunities for the VN-Index to extend its uptrend. However, the resistance level of 1,475 – 1,480 points remains a big challenge. If it breaks through this zone, the VN-Index could head towards 1,500 points.

However, VCBS advises investors to be cautious in tomorrow's session (July 17) due to the impact of derivatives expiration dates, which often cause strong fluctuations.

At the same time, VCBS also recommends that investors avoid chasing stocks during uptrends and consider investing in stock groups that are attracting cash flow such as real estate, public investment and energy.

Source: https://nld.com.vn/chung-khoan-ngay-17-7-vn-index-doi-mat-rung-lac-manh-nha-dau-tu-can-than-trong-196250716171327016.htm