Investors can consider investing in stocks that are showing signs of recovery, such as banks and securities firms.
At the close of trading, the VN-Index fell 7.7 points (-0.6%), closing at 1,285 points. Liquidity decreased with only 751 million shares successfully traded on the HOSE exchange.
Among the 30 largest stocks (VN 30), only 6 saw price increases, including: PLX (+1.2%), VCB (+0.6%), MBB (+0.6%),SHB (+0.4%), MSN (+0.4%), and VRE (+0.2%).
Conversely, 23 stocks fell sharply: GVR (-2.6%),FPT (-2.5%), MWG (-2.4%), BCM (-2.1%), BVH (-1.9%), etc., spreading the downward trend to many other stocks. Therefore, stock market investors are concerned that this trend may continue to dominate the market in the next trading session.
However, Rong Viet Securities (VDSC) noted that liquidity on July 10th decreased compared to the previous session, indicating that supply has not yet created significant pressure. The market is expected to find support in the 1,280 point range of the VN-Index in the next session.
"Investors need to slow down and observe supply and demand developments, and may consider taking profits on stocks that have recently risen to resistance levels," VDSC advises.
VCBS Securities Company stated that the market is experiencing increased short-term profit-taking. Therefore, short-term investors may consider taking partial profits on stocks that have reached their profit targets and are showing signs of price decline. Meanwhile, medium- and long-term investors should consider investing further in stocks belonging to sectors showing signs of recovery, such as banking and securities.
Source: https://nld.com.vn/chung-khoan-ngay-mai-11-7-co-phieu-lon-con-chi-phoi-thi-truong-196240710183157586.htm
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