Stocks tomorrow, June 3: VN-Index may fluctuate around 1,330–1,340 points

(NLDO) – Securities companies assess that investor sentiment is positive, with the expectation that the VN-Index will find a balance point of 1,330–1,340 points.

At the end of the session on June 2, the VN-Index closed at 1,336 points, up 3.7 points, equivalent to 0.28%.

On June 2, the Vietnamese stock market opened with a slight downtrend, with the VN-Index fluctuating around the support level of 1,330 points throughout the morning. Cash flow continued to be clearly differentiated, focusing on a number of mid-cap stocks in the real estate, securities and construction sectors.

However, demand from these groups is not strong enough to support the general index against correction pressure from large-cap stocks.

In the afternoon session, the market gradually improved thanks to increased demand in banking and rubber stocks, helping the VN-Index narrow its decline.

At the end of the session, VN-Index closed at 1,336 points, up 3.7 points, equivalent to 0.28%.

According to Dragon Capital Securities Company (VDSC), the liquidity on June 2 decreased compared to the previous session, showing that selling pressure has cooled down. Cash flow is still trying to support the market, with the possibility that VN-Index will continue to challenge the resistance zone of 1,345 points in the coming sessions.

VCSB Securities Company commented that cash flow is circulating between industry groups, instead of being withdrawn to take profits, reflecting positive market sentiment. VN-Index is expected to fluctuate stably around the support zone of 1,330–1,340 points.

"Investors should maintain holding stocks that are attracting cash flow, avoiding chasing high prices. At the same time, they can consider disbursing into stocks that have successfully tested the support zone. Some notable industry groups include real estate, banking, electricity and public investment" - VCSB Securities Company recommends.

Source: https://nld.com.vn/chung-khoan-ngay-mai-3-6-vn-index-co-the-dao-dong-quanh-vung-1330-1340-diem-196250602172458479.htm