Stock market tomorrow, May 22: VN-Index continues to increase?

Dragon Capital Securities Company (VDSC) predicts that VN-Index will gradually approach the resistance zone of 1,340 points.

The Vietnamese stock market opened the trading session with excitement, when the VN-Index increased sharply by nearly 15 points at the beginning of the session.

Purple spread from pillar stocks such as VHM, STB, GEX, combined with the positive growth of banking stocks, helped the index quickly surpass the 1,330 point mark.

However, increased supply pressure caused the market to face profit-taking pressure, narrowing the increase range in the morning session.

Entering the afternoon session, the market gradually regained momentum thanks to the leadership of large-cap stocks. VHM and HVN hit the ceiling, VIC increased by 2.19%, while purple continued to appear in some codes such as GEX, VCG, CII, NVL, HAH, contributing to balancing market sentiment.

According to Dragon Capital Securities Company (VDSC), liquidity increased compared to the previous session, showing that profit-taking supply increased as the market increased rapidly. However, cash flow is still trying to support and absorb profit-taking supply. The dispute will continue in the next session and may cause disruption among stock groups in the market. However, with the support momentum from cash flow, VN-Index is expected to gradually approach the resistance zone of 1,340 points.

With the above developments and forecasts, VCBS Securities Company recommends that investors continue to hold stocks that are in a good uptrend, while considering short-term investment opportunities in industries that attract cash flow such as banking, real estate, public investment - construction.

Source: https://nld.com.vn/chung-khoan-ngay-mai-22-5-vn-index-tiep-noi-da-tang-diem-196250521174645511.htm