Stock market tomorrow, June 24: Continued increase from Vingroup shares?

(NLDO) - Vietnamese stocks on June 23 fluctuated quite strongly but still ended in green, thanks to the push from Vingroup stocks and the differentiation of cash flow.

At the end of the session on June 23, VN Index closed at 1,358 points, up 8.8 points, equivalent to 0.65%.

The session opened with strong selling pressure, causing the VN-Index to drop about 4 points and quickly slide below the 1,340 mark in just the first 15 minutes. Red covered the entire market, especially in the mid- and small-cap stocks. However, the two mainstay stocks of the Vingroup group, VHM and VIC, quickly reversed and increased, becoming the main driving force helping the VN-Index gradually regain green and move towards the 1,350 point zone.

In the afternoon session, after about 15 minutes of struggling below the reference level, VN-Index returned to the uptrend thanks to the strong leadership of Vingroup stocks. VIC made its mark with a ceiling increase, while VHM increased impressively by 5.41%, bringing the index closer to the 1,360 point mark. In addition, industry groups that maintained a stable uptrend since the morning session such as oil and gas and public investment-construction continued to attract cash flow. Notably, the rubber - industrial park group recorded widespread green, along with some individual stocks such as SZC, GAS and MWG with outstanding increases.

The market ended the session with 120 green codes and 205 red codes, showing a clear differentiation. Liquidity decreased slightly compared to the previous session, reflecting that the supply was not too overwhelming but the cash flow was still hesitant.

Dragon Capital Securities Company (VDSC) commented that VN-Index maintained above the resistance zone of 1355-1360 points. Liquidity decreased compared to the previous session, showing that the pressure from supply is still not strong, cash flow is still hesitant and waiting for market signals.

"The signal of breaking through the resistance zone can help the market continue its upward trend in the next trading session. However, the spread of cash flow is still quite limited, so the market's movement is temporarily not sustainable" - VDSC forecasts.

However, VCBS Securities Company still recommends investors to disburse into stocks showing signs of successful price consolidation, belonging to industry groups that are attracting cash flow such as retail, public investment - construction and industrial park rubber.

Source: https://nld.com.vn/chung-khoan-ngay-mai-24-6-tiep-tuc-bat-tang-tu-co-phieu-vingroup-196250623171712371.htm