Stock market September 21, be careful when buying stock prices at the bottom

Nhận định chứng khoán 21-9: Nhà đầu tư cẩn trọng khi bắt đáy giá cổ phiếu - Ảnh 1.

VN-Index on September 20 increased by 14.6 points (+1.21%), closing at 1,226 points

After the support from the previous session, Vietnamese stocks showed signs of stability on September 20. After initial fluctuations, the market gradually improved at the end of the session.

In the VN30 group, 22 codes increased in price, such as GVR (+3.6%), VIC (+3.5%), BCM (+2.9%), VHM (+2.7%), TPB (+2.4%)... On the contrary, there were 6 codes decreased in price: SSB (-1.1%), GAS (-0.9%), VNM (-0.8%), STB (-0.2%), CTG (-0.2%) and VCB (-0.1%).

Foreign investors continued to net sell on the HOSE floor, with a value of 225.9 billion VND; in which the strongest selling was HPG 179 billion VND, MWG 99.6 billion VND, GVR 46.9 billion VND, VNM 37.8 billion VND.

At the end of the session, the VN-Index increased by 14.6 points (+1.21%), closing at 1,226 points. Order matching liquidity decreased with 763 million shares matched on the HOSE floor.

According to Mr. Nguyen Huy Phuong, Deputy Head of Individual Customer Consulting Department of Rong Viet Securities Company (VDSC), most of the major industry groups increased points, the number of stocks increasing in price also accounted for a large proportion. Starting with the seafood and textile groups, then many stock groups such as securities, chemicals, real estate, transportation - warehousing... traded actively and increased in price quite a lot.

"The decrease in liquidity on September 20 shows that the supporting cash flow is not really outstanding. Therefore, it is possible that the recovery will slow down and the VN-Index may probe the 1,225 point area in the next session" - Mr. Phuong predicted.

Meanwhile, senior analyst of VCBS Securities Company, Mr. Nguyen Quoc Bao, commented that the demand to catch the bottom of stock prices has helped the market increase. The overwhelming active buying liquidity shows that investors expect many stocks to increase in price again.

Mr. Bao recommends that investors who have successfully caught the bottom of stock prices in previous sessions continue to maintain their investment proportions, closely follow the VN-Index at the 1,220-point area, and can disburse more for stocks that are attracting cash flow such as chemicals, securities, etc.

Meanwhile, Mr. Nguyen Thanh Trung, Head of Investment Consulting Department at Thanh Cong Securities Company (TCSC), assessed that the driving force for the stock market to increase points is quite clear, when the market has the appearance of leading industry groups such as securities, real estate, transportation...

However, according to Mr. Trung, investors are waiting for the US Federal Reserve (FED) to end its monetary policy meeting in the early morning of September 21. Accordingly, the FED's comments on inflation and monetary policy may affect their trading moves in the trading session on September 21.

Source