Stock market June 23: Is demand still looking for large stocks?

The market rebounded strongly, helping the VN Index maintain its green color throughout the session. Stocks of many industry groups increased in price, while demand for many large-cap stocks in the VN30 group such as VHM, BID, VCB... helped the VN Index close at 1,125 points, up 6.8 points.

Mr. Nguyen Quoc Bao, senior analyst of VCBS Securities Company, commented that the 1,125 point level of the VN-Index is an important resistance level. If this index does not soon overcome the resistance zone, the market will be adjusted. Therefore, investors should only increase the proportion of stocks with good accumulation trends in the retail, chemical and real estate groups and industries.

Analyst of Dragon Viet Securities Company (VDSC) - Ms. Pham Thu Ha Phuong commented that the market has not been able to surpass the old peak of VN-Index at 1,125 - 1,130 points, due to the lack of demand from banking stocks and some large-cap stocks.

Therefore, it is likely that the market will continue to struggle and test supply and demand at the beginning of the next session, before there is a more specific signal. With this scenario, investors need to slow down and consider taking profits on stocks that are increasing rapidly or are under selling pressure from the resistance zone.

BSC Securities Company’s analysis team said the market has had its third consecutive session of recovery. Therefore, in the short term, the VN-Index may accumulate further in the 1,225 – 1,130 point range to gain momentum to bounce back.

Meanwhile, Mr. Nguyen Duy Thoai (Thanh Cong Securities Company - TCSC) said that predicting the market's increase or decrease is extremely difficult. Because the VN-Index is returning to its old peak. Therefore, in the upcoming trading sessions, this index may be strongly adjusted.

Thy Tho - Photo: Hoang Trieu

Source: https://nld.com.vn/kinh-te/nhan-dinh-chung-khoan-23-6-luc-cau-con-tim-den-co-phieu-lon-20230622173245715.htm