At the close of trading on May 30, the VN-Index closed at 1,266 points, down 6 points.
Selling pressure emerged right at the start of the session, causing a near-total decline in stock prices across the market throughout the morning. Of the 30 large-cap stocks, only two – CTG and MSN – saw price increases. Small and medium-sized stocks also fell as investors sold to protect their profits.
Selling pressure continued to surge in the early afternoon, causing the HoSE index to lose 20 points at one point. However, towards the end of the session, buying pressure unexpectedly increased, helping the general indices narrow their losses. Many stocks rebounded, such as GVR up 3.1%, PVT up 2.4%, and DBC up 1.9%.
In this session, foreign investors continued their strong net selling with a total value of 1,351 billion VND. They focused on selling shares of VRE, MBB, and VND.
At the close of trading, the VN-Index settled at 1,266 points, down 6 points, or 0.5%.
Given these developments, some securities companies forecast that the VN-Index will fluctuate within a 20-point range, between 1260 and 1280. The market will experience alternating periods of gains and losses in the coming sessions.
"Investors should continue to remove stocks that have fallen sharply, holding 50-60% of their portfolio in stocks that recovered during the May 30th trading session, and should not borrow money from securities companies to buy stocks (stock margin trading) at this time," VCBS Securities Company recommended.
Meanwhile, Rong Viet Securities Company (VDSC) warns that selling pressure remains strong, negatively impacting the market in the coming period.
Source: https://nld.com.vn/chung-khoan-ngay-mai-31-5-gia-co-phieu-co-the-hoi-phuc-196240530173256787.htm
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