Overwhelming selling pressure caused the VN-Index to lose more than 12 points.

VN-Index giảm hơn 12 điểm trong phiên giao dịch đầu tuần

The VN-Index fell by more than 12 points in the first trading session of the week.

However, the positive trend didn't last long as selling pressure intensified. Red began to dominate the VN30 basket, with VIC, BID, GVR, HPG, and others experiencing the sharpest declines.

In addition, the real estate sector is also leading the group of stocks with negative impacts, with many stocks such as DIG, NTL, HDG, SZC… The correction began on a wide scale from the end of the morning session. At the close of the session, the VN-Index fell 12.05 points to 1,207.07 points. Liquidity decreased slightly compared to yesterday's trading session.

Regarding the underlying market, experts noted that Asian stock markets were mixed in thin trading due to a holiday on Monday, with Chinese stocks rising after the central bank kept its benchmark lending rate unchanged, while Japanese stocks fell following better-than-expected inflation data from the previous week. Domestically, the VN-Index reversed sharply downwards as selling pressure unexpectedly increased in the afternoon session, falling close to the 1,200-point mark.

Technically, the VN-Index fell by more than 12 points as selling pressure largely dominated today's session. Overall sentiment remains quite cautious around the 1,220-point resistance level. Although the index closed above the MA10, the possibility of further declines remains high if buying pressure doesn't improve in the coming sessions. The 1,200-point level is a strong psychological support zone in the short term. Experts expect the market to soon find equilibrium when it corrects to near this level. Investors are advised to continue prioritizing risk management during this period.

From its perspective, VCBS noted that the VN-Index started the week with a tug-of-war, fluctuating movement around the reference point before losing momentum and falling by about 10 points in the latter half of the morning session. Red dominated with 343 stocks, including 24 in the VN30 basket, reflecting investor caution ahead of the 1,220-1,230 point resistance zone. Besides the main pressure from large-cap stocks, the securities sector also unexpectedly experienced a sharp correction, impacting overall market sentiment. Nevertheless, there were signs of capital flowing into individual stocks like TPB and some sectors such as public investment and plastics, helping to mitigate the negative sentiment during the session.

The downward momentum continued in several large-cap stocks such as VIC (which hit the floor limit), GVR (down 3.27%), and HPG (down 2%), putting pressure on the VN Index, pushing it close to the 1,200-point mark. However, more positive buying pressure compared to the morning session helped the index maintain its position above 1,200 points. STB, FRT, and REE were some of the stocks that recorded significant gains in the afternoon session, rising 3-5%. In contrast to domestic investors, foreign investors were net buyers with a total net value of 163.78 billion VND, focusing on VIC andFPT . At the close of trading, the VN-Index closed at 1,207.07, down 12.05 points, or 0.99%.

Technical analysis by VCBS suggests that the VN-Index closing with a red candlestick similar to a Marubozu indicates that the pressure to test supply and demand at the 1,220-1,230 point resistance level has not yet ended. On the daily chart, the RSI and MACD indicators are moving almost sideways with no significant movement, suggesting that the VN-Index is still testing momentum around the 1,220 point area. Although selling pressure dominated the session, liquidity remained lower than the 20-day average, indicating that money is still circulating in the market, thus the general index is expected to find a balance point in the short term soon.

On the hourly chart, the MACD and RSI indicators show negative divergence signals; however, this lack of consensus with the daily chart somewhat mitigates the risk of significant volatility. Nevertheless, the +/-DI lines continue to move in alternating directions, suggesting a high probability of sideways movement, with increases and decreases remaining the dominant trend for the VN-Index in the short term.

Regarding trading strategy, VCBS believes that the VN-Index is still testing momentum in the 1,200-1,220 point range, therefore the alternating ups and downs in recent sessions are common. Companies continue to announce Q1 earnings results this week, and therefore capital flows will be more diversified as they seek out sectors with promising prospects and high performance.

Source: https://thoibaonganhang.vn/luc-ban-ap-dao-vn-index-mat-hon-12-diem-163113.html