Stocks tomorrow, June 10: Stocks continue to bear selling pressure

(NLDO) – The stock market session on June 10 is expected to continue to face correction pressure. Investors need to closely monitor stock supply and demand.

Closing session on June 9, VN-Index is at 1,310 points

The Vietnamese stock market on June 9 witnessed a stressful trading session. Strong selling pressure from large-cap stocks such as VIC, VHM, GVR and the banking group pushed the VN-Index Index down sharply in the morning session.

Some real estate stocks such as NVL, DIG, HDC and agricultural stocks such as DBC, MML attracted cash flow, but were not strong enough to support the market.

In the afternoon session, selling pressure increased, causing the VN-Index to fall further, closing at 1,310 points. Notably, VIC and VHM shares hit the floor price at the end of the session, contributing 11 points to the total 19-point decrease of the VN-Index.

Most stock sectors were under strong profit-taking pressure, with total market liquidity reaching more than VND17,000 billion, a significant decrease compared to previous sessions.

According to VCBS Securities Company, strong profit-taking pressure, along with the lack of positive supporting information, caused the VN-Index to retreat, potentially finding a balance point around the 1,300-point area in the session of June 10. Investors can take advantage of the recovery to manage risks, take profits from stocks that have increased sharply and wait for disbursement opportunities when the market stabilizes.

Dragon Viet Securities Company (VDSC) commented that liquidity on June 9 decreased sharply. This shows that the supply of stocks continues to put pressure, while the supporting cash flow is still cautious. The next support zone at 1,290 points could be the new equilibrium point of the market.

"Investors should slow down, observe supply and demand developments, prioritize short-term profit taking and maintain a reasonable portfolio weight. In case of buying new stocks, investors need to select stocks with good signals and the right time to decide to trade" - VDSC stated its opinion.

Source: https://nld.com.vn/chung-khoan-ngay-mai-10-6-co-phieu-tiep-tuc-ganh-chiu-ap-luc-ban-196250609173851338.htm