In the trading session on September 18th, stocks in the securities sector rose quite strongly.
The domestic stock market continued its upward trend as trading began on September 18th. Despite some difficulties in the morning session, the VN-Index quickly recovered to maintain the 1,270-point level.
Several stock groups showed clear signs of recovery. Notably, CTG rose 3.58%, VCB 1.4%,FPT 1.4%, etc., contributing significantly to the overall index. The securities sector also performed well, with HCM increasing 5.8%, SSI 3.6%, FTS 2.1%, etc.
Entering the afternoon session, investors aggressively took profits, causing the VN-Index to narrow its gains. However, this pressure was not too significant as 17 of the 30 large-cap stocks (VN30) maintained their upward momentum, helping the market stay in positive territory.
At the close of trading, the VN Index rose nearly 6 points (+0.47%), closing at 1,264 points. Trading volume increased with 598.4 million shares traded on the HoSE exchange.
VCBS Securities Company believes the market needs more consolidation sessions before entering a sustained upward trend. However, this process will still see fluctuations due to profit-taking pressure. Investors should hold onto stocks that are consolidating and attracting capital in sectors such as securities, real estate, and banking.
Rong Viet Securities (VDSC) believes that increased liquidity on September 18th, coupled with investors selling shares, will make it difficult for stock prices to rise. Therefore, it is likely that market movements will slow down and continue to test the 1,270 point level of the VN-Index.
"Investors need to observe the supply and demand dynamics of stocks to reassess the market's state, consider recovery phases, and restructure their stock portfolios to minimize risk," VDSC recommends.
Source: https://nld.com.vn/chung-khoan-ngay-mai-19-9-co-phieu-lon-se-dan-dat-da-tang-diem-196240918194158471.htm
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