Stocks tomorrow, April 17: Consider carefully when buying new stocks

At the end of the session on April 16, the VN-Index closed at 1,210 points, down 17 points, equivalent to 1.42%.

The Vietnamese stock market continued to fluctuate around the reference level, but ended the morning session with a slight decrease. Stocks that had increased strongly in previous sessions began to slow down, while cash flow tended to rotate to industry groups or individual stocks such as banking and plastics groups.

Entering the afternoon session, selling pressure increased sharply, causing the VN-Index to fall to nearly 1,200 points at times. Large-cap stocks, led by FPT , hit the floor, followed by VHM, VIC, VCB and the banking group, all in red, negatively affecting the entire market.

Bottom-fishing cash flow is currently not operating effectively. This shows that investors are waiting for a more stable signal from the VN-Index. Foreign investors were net buyers throughout the morning session, but reversed to net sellers in the afternoon session with a total value of more than VND277 billion, most of which came from selling FPT code after the company had a new managing unit, the Ministry of Public Security .

At the end of the session, the VN-Index closed at 1,210 points, down 17 points, equivalent to 1.42%.

VCBS Securities Company commented that selling pressure comes from short-term profit-taking activities and portfolio restructuring for stocks with negative information or that have increased sharply in previous sessions.

"Currently, the market has no information that has a wide-ranging impact. Accordingly, investors need to stay calm, take advantage of fluctuations to increase the proportion of stocks with positive developments, or select stocks with growth expectations to open positions at reasonable prices" - VCBS recommends.

Meanwhile, Dragon Capital Securities Company (VDSC) recommends that investors should closely observe supply and demand developments to assess the market status.

"Stock players can take advantage of the recovery to take profits or restructure their portfolios, bringing the stock ratio to a reasonable level. For new purchases, investors need to consider carefully and avoid falling into an overbought state" - VDSC noted.

Source: https://nld.com.vn/chung-khoan-ngay-mai-17-4-can-nhac-ky-khi-mua-co-phieu-moi-196250416172834443.htm