Stock prices can fluctuate unpredictably.

At the close of trading on May 9th, the VN Index closed at 1,248 points, down 1.8 points.

Opening on May 9th, the Vietnamese stock market maintained its recovery momentum and gained points. However, the market unexpectedly weakened as investors sold shares to take profits. Consequently, many stocks narrowed their gains and gradually turned red.

In the early afternoon session, large-cap stocks (VN30) recovered and rose thanks to increased active buying liquidity, but this was still not enough to support the market.

Towards the end of the session, selling pressure intensified, putting strain on the market. Throughout the session, foreign investors net sold shares worth a total of VND 1,699 billion. They focused their selling on stocks such as VHM, HDB, and VIX…

At the close of trading, the VN Index settled at 1,248 points, down 1.8 points, or 0.15%.

Some securities firms predict that the market will continue to trade within a narrow range with not too many major changes in points. The current VN-Index level of 1,250 is considered a short-term resistance level. Although stock liquidity is improving, due to the divergence in market performance, there is a high probability that the market will continue to fluctuate.

"Given these developments, the VN Index will fluctuate around the 1230-1250 point range in the next few sessions. Short-term investors can consider taking profits while waiting for intraday corrections to buy back at better prices," 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