The stock may experience heavy selling pressure.

At the close of trading on May 20th, the VN-Index rose 4.4 points (+0.35%), closing at 1,277 points.

The stock market rose immediately upon opening on May 20th. Large inflows of capital led to a surge in liquidity. The early gains pushed the VN Index to its previous peak of 1,285 points at one point. This prompted investors to sell off shares to take profits, narrowing the market's upward momentum.

At the close of trading, the VN-Index only increased by 4.4 points (+0.35%), closing at 1,277 points. Liquidity increased sharply with more than 1.1 billion shares successfully traded on the HOSE exchange.

Among the 30 large-cap stocks (VN30), 18 saw price increases, including BCM (+7%), BVH (+3.7%), HDB (+2.3%), VPB (+2.1%), HPG (+1.3%), etc.

Given these developments, VCBS Securities Company advises investors to consider taking partial profits on stocks that have seen good price increases, waiting for periods of price fluctuations to buy back at "softer" prices.

Rong Viet Securities Company (VDSC) believes that although the market continues its upward trend, profit-taking pressure is increasing, which may continue to put pressure on the market in the next trading session.

"Therefore, investors should pay attention to the supply of shares in the coming period and may prioritize holding or short-term buying of stocks showing positive signals from support price levels," VDSC recommends.

Source: https://nld.com.vn/chung-khoan-ngay-mai-21-5-ap-luc-chot-loi-dang-co-dong-thai-gia-tang-196240520171407753.htm