Stocks tomorrow, May 23: Be cautious with profit-taking pressure

At the end of the session on May 22, VN Index stopped at 1,313 points, down 9 points, equivalent to 0.7%.

Despite the negative developments in the global stock market, the Vietnamese market still improved in the morning session of May 22, bringing the VN Index to 1,330 points. However, in the afternoon session, the index began to reverse and decrease from around 2:15 p.m. Many stocks from the ceiling price increase have decreased sharply, only increasing by 1-2%, showing increasing profit-taking selling pressure.

The stocks that had the strongest impact on the decline of the VN Index included VPL (-6.1%), VIC (-1.1%) and banking stocks. At the end of the session, the VN Index stopped at 1,313 points, down 9 points, equivalent to 0.7%.

According to Dragon Capital Securities Company (VDSC), liquidity on May 22 increased compared to the previous session, reflecting that profit-taking supply is creating great pressure on the market, while supporting cash flow shows signs of weakening.

"With the 1,320-point resistance level broken, the market may continue to adjust in the next session, aiming to test the 1,300-point support zone" - VDSC commented.

Meanwhile, VCBS Securities Company recommends that investors be cautious and avoid chasing stocks that have increased rapidly in recent times. "You should take partial profits from stocks that have reached their profit targets," VCBS noted.

Source: https://nld.com.vn/chung-khoan-ngay-mai-23-5-than-trong-voi-ap-luc-chot-loi-196250522180113521.htm