Will the buying pressure at the bottom of the stock market continue?

At the close of trading on September 4th, the VN-Index fell 8 points (-0.63%), closing at 1,275 points.

Following the September 2nd holiday, Vietnamese stocks fell immediately at the start of trading on September 4th. This development was largely due to the impact of declining global stock markets amid concerns about an economic recession, leading to a reduction in stock holdings by some Vietnamese investors.

However, the decline was curbed around the 1,270 point mark and showed signs of recovery towards the end of the afternoon session, as bargain-hunting demand focused on several stocks in the real estate, oil and gas, and banking sectors. As a result, many investors expect this trend to continue in the coming sessions.

At the close of trading, the VN-Index fell 8 points (-0.63%), closing at 1,275 points. Trading volume increased with 588 million shares traded on the HoSE exchange.

According to BETA Securities, the market is experiencing corrections, coupled with strong net selling pressure from foreign investors. Investors should be cautious but not panic. Short-term fluctuations may create anxiety, but they also present opportunities to restructure investment portfolios and seek out promising stocks.

"The emergence of bargain-hunting cash flow is a positive sign. This shows that many investors are still willing to disburse funds when stock prices fall. To adapt, stock investors should focus on stocks with strong financial foundations and long-term growth prospects; at the same time, maintaining a certain amount of cash is necessary to flexibly seize opportunities when the market corrects," - BETA Securities Company recommends.

Rong Viet Securities Company believes the VN-Index is being supported to hold above the 1,275 point level. This signal may help the market recover in the near future and retest supply at the 1,280-1,285 point range before a more specific signal emerges. Therefore, investors should slow down and observe supply and demand developments to assess the market's state; temporarily consider taking short-term profits or restructuring their stock portfolios to minimize risk during the recovery.

Source: https://nld.com.vn/chung-khoan-ngay-mai-5-9-luc-cau-bat-day-co-phieu-se-tiep-dien-196240904184626833.htm