Stocks tomorrow, May 29: Buying and selling stocks will be a tug of war

(NLDO) - The decrease in liquidity on May 28 reflects investors' caution as the VN-Index approaches the resistance zone of 1,350 - 1,360 points.

At the end of the session on May 28, the VN-Index stopped at 1,341 points, up slightly by 2 points (equivalent to 0.15%).

The Vietnamese stock market opened on May 28 with a gain of nearly 5 points. However, the increase could not be maintained as selling pressure increased. However, thanks to the leadership of large-cap stocks such as VIC, VPL, GVR, VHM and VRE, the VN-Index remained green throughout the morning session.

In the afternoon session, the market fluctuated more strongly. Although large-cap stocks tried to hold the index, profit-taking pressure at high prices caused the VN-Index to narrow its increase, even falling below the reference level at times due to more than 50% of stocks falling. However, the strong breakthrough of Vingroup stocks, especially VIC, VHM and VRE, helped the general index stand firm and close in the green.

At the end of the session, VN-Index stopped at 1,341 points, up slightly 2 points (equivalent to 0.15%).

According to VCBS Securities Company, the decrease in liquidity on May 28 shows that the market is entering a healthy accumulation phase, consolidating the price base to create momentum for the next increases.

"Investors can take advantage of fluctuations to seek opportunities in industries that are attracting cash flow such as real estate, securities and petroleum - oil and gas. At the same time, investors should disburse in part and consider reducing the proportion of stocks that are under strong selling pressure" - VCBS recommends.

Meanwhile, VDSC Securities Company forecasts that the market will continue to struggle between buying and selling in the next trading session. The 1,340 - 1,345 point zone will play an important role as a challenge. If the VN-Index surpasses this threshold with good absorption of profit-taking stocks, the uptrend will be consolidated and expanded.

Source: https://nld.com.vn/chung-khoan-ngay-mai-29-5-mua-ban-co-phieu-se-giang-co-196250528173902.htm