Stock market on November 6: VN-Index will increase and decrease alternately

(NLDO) – VCBS Securities Company predicts that the VN-Index may "shake" strongly in the session of November 6 due to investors' cautious psychology.

At the end of the session on November 5, VN-Index closed at 1,654 points, up nearly 3 points (equivalent to 0.18%).

The morning session of November 5 opened in a context where investors were still feeling the aftershocks from the previous day's major fluctuations. However, the VN-Index quickly found a balance point with a fluctuation range of +/-10 points.

Although the red color did not dominate much, thanks to the efforts of large-cap stocks, the main index maintained the 1,650-point area. Typically, codes VIC (Vingroup) increased by 1.2%, CTG (VietinBank) increased by 0.8%, BID ( BID ) added 0.6% and GAS (PetroVietnam Gas) remained stable at a high level, playing an important supporting role.

In the afternoon session, VN-Index continued to fluctuate around the reference level but the amplitude narrowed significantly, showing that demand and supply were gradually balancing. The banking group continued to be a bright spot with CTG and BID maintaining their upward momentum, along with Oil and Gas (PLX, BSR , GAS) and VIC.

Notably, the mid-cap segment exploded with some codes such as DCM ( Ca Mau Fertilizer) up 3.5%, DPM (Phu My Fertilizer) up 4.1%, CSV (Binh Dien Fertilizer) up 3.2%, and especially PVD (PV Drilling) at one point hit the ceiling before cooling down to an increase of 5.8%. These developments contributed to supporting the VN-Index from falling too deeply.

However, pressure from foreign investors remained significant as they net sold VND806 billion, focusing on TCB (Techcombank), VRE (Vincom Retail) and GEX (Gelex Group). This somewhat slowed down the market recovery, although the selling pressure was not as intense as in previous sessions.

At the end of the session, VN-Index closed at 1,654 points, up nearly 3 points (equivalent to 0.18%).

According to VCBS Securities Company, active buying cash flow is cautious. VN-Index is showing signs of finding a balance point around the 1640-1660 point range with low liquidity, accompanied by clear differentiation between industry groups.

The company recommends that investors take advantage of the recovery to restructure their portfolios, prioritizing the removal of weak stocks with strong selling pressure. At the same time, they should look for opportunities in stocks that have successfully confirmed the bottom, or maintain an uptrend with a new price base and increased active buying liquidity.

However, some other securities companies advise investors to consider short-term exploratory disbursement and absolutely avoid buying stocks at high prices to prevent risks.

Source: https://nld.com.vn/chung-khoan-ngay-6-11-vn-index-se-tang-giam-dan-xen-196251105165644595.htm