At the end of the session on May 9, the VN Index closed at 1,248 points, down 1.8 points.
Opening trading on May 9, our country's stock market maintained its recovery momentum and increased points. However, the market suddenly weakened when investors sold stocks to take profits. Accordingly, many stocks narrowed their growth momentum and gradually turned red.
In the early afternoon session, large-cap stocks (VN30) recovered and increased points thanks to increased active buying liquidity, but were still not strong enough to support the market.
Near the end of the session, stock pressure increased again, putting pressure on the market. Typically, throughout the session, foreign investors net sold stocks with a total value of VND 1,699 billion. They focused on selling VHM, HDB, VIX...
At the end of the session, the VN Index closed at 1,248 points, down 1.8 points, equivalent to 0.15%.
Some securities companies predict that the market will continue to trade in a narrow range and there will not be too many major changes in points. The 1,250 point area of the VN-Index is currently considered a short-term resistance level. Although stock liquidity is improving, due to differentiation, there is a high probability that the market will continue to fluctuate.
"With this development, the VN Index will move around the 1230 - 1250 point range in the next few sessions. Short-term investors can consider taking profits while waiting for the adjustment in the session to disburse to buy back at a better price" - VCBS Securities Company commented and recommended.
Source: https://nld.com.vn/chung-khoan-ngay-mai-10-5-co-phieu-co-the-bien-dong-kho-luong-19624050916012311.htm
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