It may be delayed in the next trading session.

(NLDO) - Rong Viet Securities forecasts that the market may retreat in the next trading session to retest the support level at 1,265 - 1,270 points.

At the close of trading on February 17th, the VN-Index fell 3.36 points, closing at 1,272 points. Trading volume on the HoSE increased, with 739.4 million shares traded.

The VN30 basket of large-cap stocks fell 6.51 points, closing at 1,334 points. Within the group, 9 stocks increased in price:SHB (+1.9%), SSB (+1.8%), VJC (+0.8%)… Conversely, 19 stocks decreased in price, including MSN (-2.5%), MWG (-2%), BVH (-1.5%), TCB (-1.2%)…

During the session, foreign investors continued to net sell on the HoSE exchange, with a value of 600 billion VND. Specifically, they sold heavily in MWG (-162 billion VND), VNM (-100.8 billion VND), HDB (-72.9 billion VND), etc. Conversely, they bought a lot of shares in HPG (+54 billion VND), EIB (+52.7 billion VND), SHB (+44.9 billion VND), etc.

According to Rong Viet Securities Joint Stock Company, the market may face downward pressure in the next trading session to retest the support level at 1,265 - 1,270 points.

Market developments during today's trading session. Source: Fireant

This area is still providing support and could help the market regain balance. If the supportive capital flow remains strong and absorbs the supply, the market will have another opportunity to test the 1,280-point resistance level in the near future.

"Investors should proactively take short-term profits on stocks that have risen/recovered quickly to resistance levels to reap rewards and minimize portfolio risks. For short-term buying, priority should be given to stocks that have shown positive performance recently and are retreating to strong support levels," - Rồng Việt recommends.

Meanwhile, VCBS Securities Company suggests that investors should consider taking profits on stocks that have reached short-term targets, while continuing to look for investment opportunities in sectors/stocks that are showing signs of rebounding from deep discounts.

Stocks in some notable sectors include: electricity, real estate, and securities.

Source: https://nld.com.vn/chung-khoan-ngay-mai-18-2-co-the-lui-trong-phien-giao-dich-tiep-theo-196250217170922876.htm